According to a recent press report Bank of Maharashtra has taken an effort to make the defaulters to repay their Loans. The MAO (Many against One) is the new tactic followed by the bank to recover the loans. Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank said that there are better results in… Read More »
According to a recent press report, Bank of Maharashtra has taken steps to make borrowers repay their dues. The bank has adapted a new style called “MAO” which means ‘Many against one’. The MAO comprises of staff and official, the role of the MAO is to persuade the borrowers to repay their loans. Reports said… Read More »
Purpose: For the purchase of new and old cars Eligibility: The borrower should be within 21 – 65 Years of age and must be able to repay the loan Quantum of Loan: 80% on Purchase price (On Road); old car is not more than 3 years on purchased date, loans will be sanctioned… Read More »
Purpose: For the purpose of construction of purchase of house Eligibility: Salaried/ businessmen/ self-employed capable of repaying the loan are eligible for the housing loan Quantum of Loan: 80% Value of House & Maximum up to Rs.50 Lakhs Rate of Interest: 10.90% Security: Loan would be secured by reg. equitable mortgage… Read More »
Purpose: To offer financial assistance for the purpose of education in India and abroad Eligibility: Students who have secured admission in recognized institutions in India and abroad Quantum of Loan: Maximum Rs. 1000000/- for studies in India and maximum Rs. 2000000/- for studies abroad Rate of Interest: 10.5% for education in India and abroad Margin:… Read More »
Purpose: To construct Purchase hospital building setting up nursing home poly clinics etc. for expansion modernization of existing hospital premises. To purchase medical equipments and furniture Eligibility: Individuals (Qualified registered medical practitioner) Partnership firm Limited Company. In case of partnership firm limited company, either one of the partner’s director’s should be qualified registered Medical… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts… Read More »
We have been hearing a lot of voices regarding the state of the economy. Some people say that worst is over and some worry about double dip recession. If we believe in the first proposition then we are somewhere at the bottom of the economic cycle and if we put our bet on the more… Read More »
Sardar Vallabhbhai Sahakari Bank Limited is a Co-operative Bank that got the License No. DBOD-UBD-GJ-351P from Reserve Bank of India’s on 21/11/1983. The Bank then spread its network with 4 branches in Ahmadabad City and 1 branch at Unjha (Mehsana District). The Bank is providing Safe Deposit Vault (Locker) facility at its Law Garden and Isanpur… Read More »