The Punjab & Maharashtra Co-operative Bank Ltd. (PMC bank) started its operations first time on 13th February, 1984. The bank was established with an aim to provide banking services that provides the customer utmost ease and convenience. Within a short span of just 16 years, it has achieved ‘scheduled’ status on 29/01/2000 and is the… Read More »
A recent press report said that carmakers in the country are expecting sales to slow down further following the hike in the petrol price of Rs 5 a litre at a time when the market is already reeling under pressure from high interest rates on auto loan. Reports said that the industry players assume there… Read More »
A recent press report said that India’s leading public sector bank, IDBI Bank has rolled out its mobile banking facility at Nagpur. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India.… Read More »
The Punjab & Maharashtra Co-operative Bank Ltd. (PMC bank) started its operations first time on 13th February, 1984. The bank was established with an aim to provide banking services that provides the customer utmost ease and convenience. Within a short span of just 16 years, it has achieved ‘scheduled’ status on 29/01/2000 and is the… Read More »
A recent press report said that Corporation Bank has focused on MSME (micro, small and medium enterprises) and agriculture sectors for growth during the current financial year. Mr Ramnath Pradeep, Chairman and Managing Director told the press that the bank desires to register 25 per cent growth in advances during the current financial year and… Read More »
A recent press report said that Canara Bank has decided to hold data mining or data warehousing to manage the increasing volume of business transactions. Ms Archana Bhargava, Executive Director, of the bank said that the process for the vital technology has reached the Request for Qualification (RFQ) stage in which leading vendors are represented.… Read More »
PURPOSE – To offer loans for Micro, Small and Medium manufacturing concerns, Ancillary units, vendors to large manufacturers, agro processing units , for traders, dealers, distributors of consumer products, agricultural inputs, educational institutions, hotels, travel, freight management, small hospitals, call centers, health care units, women entrepreneurs etc. ELIGIBILITY CRITERIA – The credit requirements of… Read More »
If your loan has been rejected, do not panic under such kind of situations. You need to just understand that under what circumstances has the bank rejected : 1. If you have applied for a personal loan or any kind of loan or even a credit card with bank ABC, but earlier you have defaulted… Read More »
PURPOSE – Any genuine business or personal credit requirement excluding for speculative/prohibited purposes ELIGIBILITY – Bonafide owners of commercial or residential property, legally let out on lease/rental agreement to reputed institutions or companies. QUANTUM OF LOAN – Maximum of 75% of rent receivable excluding TDS by owner for whole or part of Lease period not… Read More »
It would be nice to avail a loan before you zero down on your dream home but pre-approved home loans may not be all that rosy at seems. The procedure of acquiring one is not all that different from acquiring a regular home loan. The documents which you will be asked to submit include, depending… Read More »