:::::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:::::

LIQUIDITY LIKELY TO EASE IN 15-20 DAYS, SAYS BOB CHAIRMAN

According to Mr. M.D. Mallya, Chairman and Managing Director, Bank of Baroda, liquidity in the system is likely to soften in the next 15-20 days.

Liquidity has been tight in the banking system for sometime now with banks borrowing more than Rs one-lakh-crore from the Reserve Bank of India prompting it to announce liquidity easing measures.

The Reserve Bank of India in its December policy review had announced certain liquidity infusing measures by reducing the SLR by 1 per cent and an OMO buyback programme of Rs 48,000-crore of G-Secs.

RBI would also be doing an assessment of the inflationary situation in January and it is assumed that the liquidity in the system would then move the bond and money markets.

SOURCE: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/liquidity-likely-to-ease-in-15-20-days-says-bob-chairman/articleshow/7140389.cms

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

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