:::::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:::::

MARGIN SQUEEZE, BAD LOANS MAY HIT BANK PROFITS: BHATT

Mr. O.P.Bhatt, Chairman, State Bank of India has express concern that the banking industry's profitability may come under pressure due to a squeeze in margin and a probable rise in bad loans. On interest rates, Mr Bhatt said, “Inflation is rising and there are fears that regulatory action may lead to hardening of interest rates.” However on Friday, Mr Bhatt had indicated that given abundant liquidity in the system, interest rates on loans will remain stable even if the Reserve Bank of India (RBI) raises cash reserve ratio (CRR) — a slice of deposits that banks have to part with the banking regulator. It is widely expected that RBI may hike CRR by 50 basis points in the forthcoming policy on January 29. CRR now stands at 5%.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Margin-squeeze-bad-loans-may-hit-bank-profits-Bhatt/articleshow/5434928.cms

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

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