:::::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:::::

BANKS RAISE RS 2,980 CR VIA CERTIFICATES OF DEPOSITS


Banks raised Rs 2,980 crore via certificates of deposits (CDs) on Monday, compared with Rs 1,895 crore on Friday.

Yield on the three-month Reuters CD benchmark was at 9.95%, higher than 9.85% at its previous close, and the one-year Reuters CD fixing was at 10.05%, higher than 10% on Friday.

Last week, the Reserve Bank of India raised interest rates for the eighth time since last March, in line with expectations, and warned both of inflationary pressures and emerging risks to growth.

Liquidity situation, which is still strained in the banking system post the advance tax outflows, is expected to ease next week once the government ploughs it back to the system.

Banks borrowed a total of Rs 78,890 crore from the central bank's twin repo auctions, lower than Rs 1,40,000 crore on Friday.

According to Thomson Reuters data, volumes in the secondary market were at Rs 445 crore, lower than Rs 450 crore on Friday.

SOURCE: http://www.business-standard.com/india/news/banks-raise-rs-2980-cr-via-certificatesdeposits/129746/on

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

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