Purpose – Loan is sanctioned for productive purpose (production and investment credit) related to agriculture and allied activities, Rural Housing related activities, and Consumption. Eligibility – Only existing good agricultural land owner borrowers who have been continuously availing of any farm advance against mortgage of agriculture land and having no NPA record for last THREE… Read More »
The Farm Mechanization scheme is offered by the bank for Purchase of Farm, Machinery and Repair/Renovation of Tractors and Power tillers Purpose – Loan is sanctioned for Purchase of new tractors and matching implements/equipments, purchase of new power tillers, purchase of second hand tractors with matching implements, purchase of agricultural machinery, and repair/renovation of tractors. Eligibility … Read More »
Purpose The Scheme enables all type of needy students viz., students of +2 stage, Graduation courses – B.A., B.Com., B.Sc., etc., Post-Graduation courses, Masters in Ph.D; Professional courses, , Computer Certificate courses of reputed Institutes accredited to Department of Electronics or institutes affiliated to University etc Eligibility – Should be an Indian National. Secured admission… Read More »
Punjab Gramin Bank came into existence on 12.09.2005 after the amalgamation of three erstwhile Regional Rural Banks of Punjab State namely, Kapurthala Firozpur Kshetriya Gramin Bank, Shivalik Kshetriya Gramin Bank & Gurdaspur Amritsar Kshetriya Gramin Vikas Bank. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan, education loan etc. The bank is… Read More »
The bank was started in 1917 at a central place in Tripunithura which was then the seat of the Cochin Royal family, the institution was one of the pioneers of the co-operative movement. The main function of the Bank then was to lend money at reasonable rates of interest to the common people in order… Read More »
A recent press report said that Finance Minister, Mr. Pranab Mukherjee, has asked public sector banks (PSBs) to apply due diligence in sanctioning of new loans. Reports said that the gross NPA level in the banking system has gone up from Rs 59,927 crore as on March 31, 2010 to Rs 74,617 crore as on… Read More »
A recent press report said that the Reserve Bank of India has allowed banks time till end of December to reduce their investment in liquid or short-term debt mutual funds, where it is exceeding the limit of 10 per cent of the net worth. A notification from the RBI said that banks which have investments… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not borrow… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not… Read More »
According to a recent press report the Reserve Bank has imposed a penalty of Rs ten lakh on the Gandhinagar Nagrik Cooperative Bank Ltd for violation of certain banking norms. The regulator has imposed a monetary penalty of Rs one lakh on the bank for violations of allowing interest rebate in loan accounts of directors… Read More »