:::::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:::::

BASE RATE FOR SBI SEEMS TO BE AROUND 8%: CHAIRMAN O.P. BHATT

Mr. O.P.  Bhatt, Chairman, State Bank of India said that the proposed Base Rate for the bank could be around 8%. The base rate is the lowest rate that the bank can charge from a customer and is intended to bring about more transparency in the lending operations of banks. 


On the merger of State Bank of Indore with SBI, Mr. Bhatt said that the merger should take place by March this year and the bank was seeking regulatory approval from RBI.


Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/Base-rate-for-SBI-seems-to-be-around-8-Chairman-O-P-Bhatt/articleshow/5603447.cms

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

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