:::::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:::::

IOB RAISES LENDING RATE BY 50 BASIS POINTS

Indian Overseas Bank announced increase in its lending rate by 50 basis points in line with the industry trend. The Benchmark Prime Lending Rate (BPLR) of the bank will be 12.5 per cent effective from August 23.

 The increase in interest would not lead to rise in housing loan. However, auto and corporate loans linked to BPLR would become expensive for the existing borrowers. 

 Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/IOB-raises-lending-rate-by-50-basis-points/articleshow/6387655.cms

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

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