A recent press report said that Manapuram Finance Limited expects a growth of 50-60% in gold loan sector during this fiscal. Mr.I.Unnikrishnan said that the bank has no plans to raise the equity capital this fiscal. The company has a paid-up capital of Rs.160 crore. He also said that MFL expects a disbursement to grow… Read More »
Purpose – To purchase New Car/Van/Jeep, Old car/van/jeep which is not older than three years Eligibility – Individuals; Business concerns (corporate or non-corporate), Farmers having irrigated land holding of 10 acres and above are eligible unlike other car loan Quantum of Loan – For individuals: 25 times their Net Monthly Salary / Income or Rs.7… Read More »
Purpose – Loan is provided to cover short term working capital for agriculture activities, other domestic requirements such as education, consumable items, medical expenses, etc., term credit needs of the farmers and credit against of debt from non-institutional lenders. Eligibility – Progressive literate and illiterate farmers who are owner cultivators, tenants, and lessee or… Read More »
In terms of Notification F.No.1/26/2005-RRB dated 27.01.2006 issued by Government of India u/s 23A of RRB Act,1976, Jaipur Nagaur Aanchalik Gramin Bank and Thar Aanchalik Gramin Bank, both sponsored by UCO Bank and operating in the state of Rajasthan, have been amalgamated to form a new Bank, namely JAIPUR THAR GRAMIN BANK. Jaipur Thar Gramin… Read More »
In terms of Notification F.No.1/26/2005-RRB dated 27.01.2006 issued by Government of India u/s 23A of RRB Act,1976, Jaipur Nagaur Aanchalik Gramin Bank and Thar Aanchalik Gramin Bank, both sponsored by UCO Bank and operating in the state of Rajasthan, have been amalgamated to form a new Bank, namely JAIPUR THAR GRAMIN BANK. Jaipur Thar Gramin… Read More »
In terms of Notification F.No.1/26/2005-RRB dated 27.01.2006 issued by Government of India u/s 23A of RRB Act,1976, Jaipur Nagaur Aanchalik Gramin Bank and Thar Aanchalik Gramin Bank, both sponsored by UCO Bank and operating in the state of Rajasthan, have been amalgamated to form a new Bank, namely JAIPUR THAR GRAMIN BANK. Jaipur Thar Gramin… Read More »
A recent press report said that the insurance companies which do not have banks as their promoters are adopting a multi-channel distribution model rather than relying on agents and bank assurance. For these insurance companies hiring and training have become more crucial because the sales from bank assurance have declined. According to the report some… Read More »
A recent press report said that the Finance Ministry has sent its views to the RBI on granting new banking licences. The views were in favour of granting new licences to the industrial houses, provided the bank will be a separate entity. The report also said that in the discussion paper on ‘Entry of New… Read More »
As per a recent press report, Central Bank is planning to increase its presence in Vizag and Kakinada regions as there are a lot of new industries are coming up between these ports. Mr. M.V. Tanksale said that three more branches are to be opened in the region. Further he also stated that the Bank… Read More »
A recent press report said that the sixth largest PSU Central Bank of India has decided to open a new branches and hence hiring people. According to the report, the concentration will be on branch expansion, hiring young people, leveraging on technology and the global foot print. Thus restoring the position of the bank. Mr.M.V.… Read More »