:::::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 ITS BPLR BY 25 BASIS POINTS

Indian Overseas Bank raised its Benchmark Prime Lending Rate (BPLR) by 25 basis points.

The bank at its meeting held recently had approved to increase the BPLR rates to 13 per cent from the present 12.75 per cent per annum (excluding housing loans).

Meanwhile, the bank also unveiled the Corporate Salary Account targeting corporate employees.

The product is designed in such a way that it is convenient to disburse salaries to employees of the Corporates.

IOB Chairman and Managing Director M Narendra has launched the product which offers various features, including withdrawal of upto Rs 50,000 per day in ATMs, free personal accident insurance cover and overdraft facility.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/iob-increases-its-bplr-by-25-basis-points/articleshow/7092873.cms

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

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