:::::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 BORROWING FROM MARKET TO TIDE OVER LIQUIDITY CRUNCH:BHATT

State Bank has said it is borrowing funds from the market to tide over the liquidity shortage on account of the spectrum sale and advance tax payment.
  SBI, along with other private and public sector banks have been borrowing funds from the Reserve Bank and the inter-bank call money market to overcome the liquidity crunch.

 To overcome liquidity crunch on account of payment towards spectrum sale, the RBI had opened a separate window on May 28 allowing banks to borrow funds from the central bank.

 As per the second liquidity adjustment facility (LAF) option opened by the RBI to meet short-term cash crunch, banks borrowed Rs 28,960 crore at repo rate of 5.25 per cent yesterday. At the same time, overnight call money average rate was 4.27 per cent and Rs 176 crore was transacted under this.

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

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