:::::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:::::

KOTAK MAHINDRA BANK UPS BASE RATE, BPLR BY 0.25% EACH

Kotak Mahindra Bank said that it has revised its base rate upwards by 0.25 per cent to 7.75 per cent from the earlier 7.50 per cent.

The bank has also upped its benchmark prime lending rate (BPLR) by 0.25 per cent to 16.25 per cent.
 
All categories of loans (other than the exceptions permitted by RBI) will henceforth be priced with reference to the revised base rate.
 
The Reserve Bank of India (RBI) guidelines on the base rate system requires banks to review their respective base rates at least once in a quarter.

Base rate is the rate below which banks cannot lend to customers. This regime came into effect from July this year.

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

Labels:

0 comments

Post a Comment

Subscribe to: Post Comments (Atom)