:::::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:::::

NPAS OF BANKS TO RISE THIS FISCAL: FINMIN

Financial Services Secretary, Ministry of Finance said gross bad debts of commercial banks are likely to rise this fiscal from over 2.5 per cent in 2009-10 due to slippage in loans restructured due to the impact of global economic slowdown.

He also said short-term borrowing by banks from RBI indicates that the system is facing tight liquidity, which many experts say will not allow RBI to tighten money supply in its monetary review on Tuesday.

 Earlier, ratings firm Standard and Poor's had expected 25-50 per cent of loans restructured by Indian banks to slip to non-performing assets in the next two years.

 According to CARE Rating Agency data, top 12 banks had restructured assets worth Rs 32,530 crore, taking their total restructured assets to nearly Rs 73,000 crore.

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

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