:::::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:::::

IOB INCREASES BPLR BY 25 BASIS POINTS

Indian Overseas Bank has increased the benchmark prime lending rate (BPLR) of the Bank by 25 basis points.

The bank has increased BPLR rates from the existing 13 per cent per annum to 13.25 per cent (excluding housing loans) with effect from December 16.

The Board of Directors by a circular resolution has approved the increase of BPLR rates.

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