:::::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 NOT IN A HURRY TO RAISE RATES NOW: CHAIRMAN PRATIP CHAUDHURI


State Bank of India, the country's top lender, is not in a hurry to raise interest rates now, its Chairman Pratip Chaudhuri said on Tuesday.

"We don't see pressure now. Banks are comfortable with the liquidity now. Banks will not be desparate to raise rates," Chaudhuri said at a post policy bankers' meeting with media.

Earlier in the day, RBI raised interest rates for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.

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

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