:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

KOTAK SEES GRADUAL FIRMING UP OF INTEREST RATES

Mr. Uday Kotak, Vice-Chairman, Kotak Mahindra Bank opines that interest rates are likely to firm up by the end of the year and in one or two years, the reverse repo shall move from the current level of 3.25% to 4-4.5%.


Reverse repo refers to the rate at which the RBI borrows funds from banks. When the reverse repo rate goes up banks park more funds with the central bank and as a result, funds for public lending comes down, leading to costlier bank funds for corporates and individuals.


He has also said that RBI might gradually tighten the monetary policy along with exit from the fiscal stimulus, with the levels of inflation and growth.


Source: http://economictimes.indiatimes.com/news/economy/finance/Kotak-sees-gradual-firming-up-of-interest-rates/articleshow/5421212.cms

Posted by C.B.O.A., A.P.

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