:::::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:::::

LENDING RATES WILL NOT RISE TILL MAY-JUNE: SBI CHAIRMAN


According to Mr. O P Bhatt, Chairman, State Bank of India, lending rates are unlikely to rise in the next 3-4 months as hiking rates in a low-demand scenario could hurt the margin of the bank. Mr Bhatt hinted that the State Bank is also unlikely to increase the interest rates for its depositors in the near future.

SBI has a liquidity surplus of around Rs 75,000 crore and its maintenance cost had adversely impacted its third quarter numbers.

Source: http://www.thehindubusinessline.com/blnus/17201820.htm

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

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