:::::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 TRY TARGET PRACTICE WITH HIGHER BULK FD RATES

As per news item appearing in The Economic Times, Banks have once again started offering higher interest rates on bulk deposits to tide over the tight liquidity system and also to increase the size of their balance sheets. Till recently, many banks were offering lower interest rates on bulk deposits when compared with the retail deposits. In some slabs, the rates were lower by 150 basis points on bulk deposits.

Now banks begun paying 75-100 points more for wholesale deposits compared to top retail deposits.

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

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