:::::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 HIKES BASE RATE BY 0.50 PC TO 8.75 PC


Kotak Mahindra Bank hiked its minimum lending rate or the base rate by 0.50 per cent to 8.75 per cent.

The revision, effective March 1, from the city-headquartered lender comes within a day of the largest private sector bank ICICI Bank and HDFC Bank announcing similar moves.

Apart from the base rate, which was implemented July last year to make bank lendings more transparent, Kotak Mahindra also hiked its interest rate on older loans which continue to be under the BPLR (benchmark prime lending rate) system by 0.50 per cent to 17.50 per cent, a release issued here by the bank said.

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

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