:::::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:::::

O P BHATT SUPPORTS RBI'S CRR HIKE

According to Mr. O.P. Bhatt, Chairman, State Bank of India, the RBI has done the right thing by hiking the CRR by 0.75% to 5.75%. Mr. Bhatt said "the policy is neutral in the sense of raising interest rates on bank credit over a period of six months."

Describing the present period as a difficult one for the economy, Bhatt said that "there is still uncertainty on whether the growth that we are seeing is because of the (government's) stimulus packages or because of genuine underlying demand."



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

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