:::::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:::::

BANKS LIKELY TO MISS THIS YEAR'S CREDIT GROWTH TARGET

Banks are likely to miss even the lowered target for credit growth for FY10. Despite a pick-up in loans, bank credit for the fortnight-ended January 29 grew by only Rs 20,170 crore. 

 This means that banks will need to lend Rs 190,000 crore in two months to meet RBI’s revised loan growth projection of 16% for FY10.

 As per RBI data, the total bank credit stood at Rs 30,29,079 crore as on January 29 2010. Of the Rs 20,170 crore, Rs 18,789 crore was loans to businesses and individual and Rs 1,381 crore was to the government for food procurement. At current levels, loans have grown by around 9% since April. 

Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Banks-likely-to-miss-this-years-credit-growth-target/articleshow/5558604.cms

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

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