:::::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 OF INDIA RAISES LENDING RATE BY 50 BPS

Bank of India has decided to increase the Benchmark Prime Lending Rate (BPLR) by 50 basis points from the existing 12 per cent to 12.5 per cent with effect from August 16.

 This would make the floating rate for existing home, corporate and auto loans costlier, as these are linked with BPLR.

 BoI's hike in lending and deposit rates follows similar decisions by peers like ICICI Bank, Punjab National Bank, Union Bank of India and HDFC Bank, which have also raised interest rates following the upward revision in key policy rates by the Reserve Bank of India last month.

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

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