:::::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:::::

SBI BASE TO BE AROUND 7.5-8.5PC: BHATT

According to Mr. O.P. Bhatt, Chairman, SBI, the base rate that will replace existing prime lending rate (PLR) will be between 7.5 and 8.5 per cent. The bank would announce the base rate by June 15.

 The base rate is the lowest rate that the bank can charge from a customer and is intended to bring about more transparency in the lending operations of banks.

 The Reserve Bank has proposed to replace PLR with base rates from July. PLR of SBI is currently at 11.75 per cent.

Source: http://economictimes.indiatimes.com/news/economy/finance/SBI-base-to-be-around-75-85pc-Bhatt/articleshow/6028686.cms

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

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