:::::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:::::

CORPORATION BANK RAISES BPLR TO 13.25%


Corporation Bank announced an upward revision of 25 basis points (0.25 per cent) in its benchmark prime lending rate (BPLR) from 13 per cent per annum to 13.25 per cent per annum.

The hike in BPLR comes after the Reserve Bank of India raised key lending and borrowing rates by 25 basis points in its monetary policy review this week to tackle inflation.

The benchmark prime lending rate is the interest rate which is charged by commercial banks to their most credit -worthy customers. Banks are free to fix the BPLR with the approval of their respective Boards.

The revision will be effective February 1, 2011.

Last week, the bank also hiked its benchmark prime lending rates by 25 basis points.

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

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