:::::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:::::

CORPORATION BANK SAYS ITS BASE RATE LIKELY TO BE BETWEEN 8.25% AND 8.5%

According to Mr. Narendra Singh, Executive Director, Corporation Bank, the bank is likely to fix its base rate between 8.25 per cent and 8.5 per cent and that it will announce the rate after its board meeting later this month. Currently, about 40 per cent of the bank's loans are given at sub-PLR rates.

The bank does not expect any major loss of business in terms of short-term corporate loans with the base rate coming in.

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