A recent press report said that Kolkata-based United Bank of India has just sanctioned Rs. 100-crore loan to Bandhan Financial Services, the country’s fourth-largest microfinance institution (MFI) by assets. Reports said that it is the largest loan offered to an MFI after banks virtually stopped lending to such firms after an October 2010 ordinance by… Read More »
Purpose – To offer financial assistance to meritorious students for pursuing higher education in India and abroad Eligibility – Professional courses, engineering, medical, agriculture, veterinary, dental medicine. Courses conducted by IIM, IIT etc. Studies abroad: Job oriented professional or Technical courses offered by reputed universities. Loan amount – Need based finance subject to… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank was established on 01-12-1978.… Read More »
Purpose – New well, bore-well, SIP set, IP set, DP set, Pipe line, sprinkler and drip irrigation etc. Eligibility – All the farmers owning minimum of 3 acres of land Loan amount – As per NABARD unit cost Disbursement – For development activity in the field, in stages and purchase of assets as per… Read More »
A recent press report said that the RBI has cautioned banks not to issue demand drafts of Rs 50,000 and above on deposit of cash. The central bank said that any such disobedience of instructions will be viewed seriously. Reports said that the RBI has come across cases where few banks had issued demand drafts… Read More »
The ACC scheme is being introduced with immediate effect in our Bank. Branches are advised to provide credit under the scheme as per the guidelines. Purpose – The loan is offered to provide adequate & timely assistance from the banking institution to the artisan to meet their credit requirement both in investment needs and… Read More »