:::::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:::::

INDIAN BANKS RAISE 12.5 BLN RUPEES VIA CDS

Rates on the one-year Indian certificate of deposit (CDs) stayed at its highest in two years for the third straight session amid persistently tight cash conditions, with quarter-end demand also hurting.

Yield on the three-month Reuters CD benchmark was fixed at 8.60 per cent, up 5 basis points from Monday. The three-month CDs continued to be the most issued notes.

The one-year Reuters CD fixing was at 9 per cent, unchanged since Friday and its highest since Decemeber 5, 2008, according to a data.

Indian banks raised a total of 12.5 billion rupees via CDs compared with 13.65 billion rupees on Monday, with yields rising across most tenors, the data showed.

Punjab National Bank raised a total 11.25 billion rupees. It raised 4.5 billion rupees via three-month notes at 8.60 percent while it raised the other 6.75 billion rupees via 1 year notes at 9 per cent.

Karur Vysya Bank raised 1.25 billion rupees via three-month paper at 8.80 per cent.

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

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