:::::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:::::

SBI WON'T ACCEPT BULK DEPOSITS FOR A WHILE


State Bank of India (SBI), will temporarily step out of the bulk deposits market as it has enough funds to tide over tight liquidity in the money market.

Money market dealers said returns on bulk deposits would fall with SBI staying out of the market. Banks have been paying around 9.80-10% on one-year bulk deposits. Bulk deposits constitute 10% of SBI's total deposits.

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

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