:::::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:::::

BOM FIXES BASE RATE AT 8.25 PER CENT

Bank of Maharashtra has informed BSE that in terms of the guidelines issued by the Reserve Bank of India dated April 9, 2010, the bank has set its base rate at 8.25 per cent per annum.

All new loans and advances (except the categories exempted by RBI) sanctioned on July 1, 2010 and onwards will attract interest rate as per the new system being determined with reference to base rate.

All existing loans and advances will continue to carry interest rate as per the BPLR system/fixed rate, till (i) the next renewal/review date for credit facilities (ii) reset date, wherever stipulated in case of loans. However, a borrower will have the o ption to switchover to base rate system.

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

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