:::::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:::::

RBI ANNOUNCES MONETARY POLICY AND LIQUIDITY MANAGEMENT MEASURES

RBI has announced the following monetary policy and liquidity management measures after assessing the current macro economic situation.

Ø      to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from  5.25 per cent to 5.50 per cent with immediate effect.
Ø      to increase the reverse repo rate under the LAF by  25 basis points from 3.75 per cent to 4.0 per cent with immediate effect.

Also, on the basis of an assessment of the current liquidity situation, the Reserve Bank has decided to extend the following liquidity management measures:

Ø      The additional liquidity support to scheduled commercial banks under the LAF to the extent of up to 0.5 per cent of their net demand and time liabilities (NDTL) currently set to expire on July 2, 2010 is now extended up to July 16, 2010. For any shortfall in maintenance of statutory liquidity ratio (SLR) arising out of availment of this facility, banks may seek waiver of penal interest purely as an ad hoc measure.
Ø      The second LAF (SLAF) will be conducted on a daily basis up to July 16, 2010.

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

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