:::::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:::::

TEASER RATES LIKELY TO STAY: HDFC CHAIRMAN

According to Mr. Deepak Parekh, Chairman, HDFC, the teaser rate in home loans is likely to stay,

 "If one continues with it, then others too will follow. I do not think it will be discontinued now. Rather it could well become a permanent affair," he added. 

 Incidentally, the introductory lower interest rate for loan is called teaser rate. HDFC chairman pointed out that all the banks are extending teaser rates after some modifications.

 On liquidity situation, he said that it would continue to be a bit stressed in September and October. "Now, the deposit rate is lower than the advances, so the banks are now borrowing from RBI," he said. 

 However, Parekh made it clear that there is no shortage of money for government borrowing programme. Parekh hopes that the situation will ease from November. 

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

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