:::::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:::::

BASE RATE SYSTEM FROM JULY 1, 2010: RBI

As per the Press Release No. 2009-2010/1208 issued by RBI, the Base Rate System would be introduced from July 1, 2010. A final circular on the Base Rate System will be issued shortly taking into account comments received from various stakeholders and the discussions with banks. This was decided at a meeting with bankers held at the Reserve Bank of India, Mumbai.


It may be recalled that the Reserve Bank had placed the draft circular on the Base Rate on its website on February 10, 2010 for inviting comments from various stakeholders. The Reserve Bank had received many comments/suggestions from various stakeholders. In order to take a final view on the Base Rate, the Reserve Bank held a meeting with select public sector, private sector and foreign banks.

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

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