:::::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:::::

BANK CREDIT GROWS 15.79% YEAR-ON-YEAR

Bank credit seems to be inching towards the target of 16 per cent set by the Reserve Bank of India, going by the fortnightly position of the scheduled commercial banks. According to the latest data, bank credit as on February 26 increased by Rs 4,21,395 crore to Rs 30,98,323 crore, from Rs 26,67,928 crore last year. This is an increase of 15.79 per cent.

Compared to the previous fortnight ended February 12, bank credit increased by Rs 37,64,671 crore from Rs 30,51,676 crore. This is the third fortnight in a row that bank credit has increased. In the earlier fortnight, bank credit had increased by Rs 22,597 crore.

During the fortnight deposits also increased by Rs 63,487 crore to Rs 43,63,330 crore from Rs 42,98,843 crore. Investments decreased by Rs 14,896 crore to Rs 13,79,296 crore from Rs 13,94,192 crore.

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

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