:::::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:::::

RBI’S SECOND QUARTER REVIEW OF MONETARY POLICY

During its second quarter review, RBI has announced monetary measures to
·         Contain inflation and anchor inflationary expectations, while being prepared to respond to any further build-up of inflationary pressures
·         Maintain an interest rate regime consistent with price, output and financial stability.
·         Actively manage liquidity to ensure that it remains broadly in balance, with neither a surplus diluting monetary transmission nor a deficit choking off fund flows.
Accordingly, it has been decided to
Ø       increase the repo rate under the  liquidity adjustment facility (LAF) by 25 basis points from 6.0 per cent to 6.25 per cent with immediate effect.
Ø       increase the reverse repo rate under the LAF by 25 basis points from 5.0 per cent to 5.25 per cent with immediate effect.
A full text of the second quarter review is placed available at http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6071&Mode=0

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

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