Purpose: This home loan finances construction, purchase, extension, renovation of a house or purchase of plot for residential purpose from Government recognized agencies like HOUSEFED, HUDA, etc. This loan can also be taken for taking over loans from other financial institutions. Eligibility: Any individual with a steady and sufficient income to repay the loan can… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India,… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India,… Read More »
Purpose: This loan finances cultivation of various crops. Eligibility: All categories of farmers – Small/Marginal (SF/MF) and others including Tenant farmers and Share Croppers who actually cultivate the lands are eligible to get this personal loan. Quantum of Loan: The loan amount depends up on the crop cultivated on the land. Rate of Interest: In… Read More »
Recent press reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh on The Limbasi Urban Co-operative Bank Limited, Limbasi Dist. Kheda, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. Purpose – Purchase of Vehicle both New and… Read More »
A recent press report said that the Reserve Bank of India (RBI) has asked the banks to tighten due diligence when giving loans to micro finance institutions (MFIs) to ensure that they follow rules that are to come into effect from the 1st April. The central bank said that the process should be initiated immediately… Read More »
North Malabar Gramin Bank is one of the 84 Regional Rural Banks operating in the country established under Regional Rural Banks Act 1976. The ownership is vested with the Government of India, Government of Kerala and Syndicate Bank. The Bank was established on the 12th of December 1976 with its Headquarters in Kannur (Kerala –… Read More »
Purpose – Construction of house along with purchase of site, for purchase of House or flat, repair or renovation, extension, addition to the existing house or flat Eligibility – All customers irrespective of their income, but should have satisfactory conduct of account for at least six months, all Government servants, persons working in local institutions… Read More »
The rate of interest on the Floating Rate Bonds, 2016 (FRB, 2016) applicable for the year (May 7, 2011 to May 6, 2012) shall be 7.85 per cent per annum. It may be recalled that the rate of interest on the FRB, 2016 was set at a mark-up (as decided in the auction held on… Read More »