:::::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:::::

MONETARY POLICY MEASURES

RBI today announced its monetary policy statement 2010-11 and announced the following monetary measures.

i)                 The repo rate has been raised by 25 basis points from 5.0 per cent to 5.25 per cent with immediate effect.
ii)                The reverse repo rate has been raised by 25 basis points from 3.5 per cent to 3.75 per cent with immediate effect.
iii)              The cash reserve ratio (CRR) of scheduled banks has been raised by 25 basis points from 5.75 per cent to 6.0 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning April 24, 2010.

RBI has put the press statement of the Governor and also the full document at its web site. We are providing here the links for the same.

For Governor’s press statement: http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=22363

For Full Document:
http://rbi.org.in/scripts/NotificationUser.aspx?Id=5602&Mode=0

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

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