A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »
Purpose – Any purpose Eligibility – Salaried, self employed or professional with repaying capacity Margin – 50% (Valuation Rate of Interest – The rate of interest 12.5 %; Interest on monthly reducing balance Duration – 84 months Security – Mortgage of Immovable Property Guarantor – one or two individual… Read More »
Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample funds… Read More »
A recent press report said that IndusInd Bank has entered into a memorandum of understanding (MoU) with the Indian Army in order to provide a whole gamut of banking and wealth management products to all the cadres of the Army. Reports said that IndusInd Bank is the seventh bank to enter into a tie-up with… Read More »
Vijay Co-operative Bank Limited offers its patronage various types of loans. Depending upon the requirement, one can avail of the loan facilities from the bank. It offers home loan, car loan, personal loan, consumer loan, educational loan etc. Purpose – Any purpose other than investment Eligibility – Salaried, self employed or professional with… Read More »
A recent press report said that State Bank of Hyderabad (SBH) has entered into a memorandum of understanding with Heritage Foods India Ltd to extend dairy loans. Ms. Renu Challu, Managing Director, SBH, told the press that the objective of the MoU is to help the poor by providing investment credit in agriculture. She said… Read More »
Purpose – Any purpose Eligibility – The borrower should have N.S.C., K.V.P., Relief Bond etc. Margin – 20% Rate of Interest – The rate of interest is 11% Duration – Till date of maturity of Securities Other Conditions – The applicant borrower must open Saving Bank/Current Account and furnish… Read More »
A recent press report said that Oriental Bank of Commerce reported a 2.37 per cent decline in net profit for the first quarter ended June 30, 2011 at Rs 354.70 crore. Reports said that the decline in profit was due to the increase in the cost of deposits much sharper than the increase in yield… Read More »
Purpose – The home loan is offered for the Purchase or construction of new house Eligibility – Salaried, self employed and professional Margin – 20% Rate of Interest – Up to Rs.2 lakhs 11%, above Rs.2 lakhs 12% Duration – Up to Rs.2 lakhs 180 months, Above Rs.2 lakhs 120 months… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »