BankBazaar - Personal Finance Blog

Andhra Pradesh Grmeena Vikas Bank – Loans for Education -Vidya Vikas

Purpose – Financial assistance to deserving /meritorious students pursuing higher education in India and abroad Eligible courses – All courses having employment prospects are eligible. Graduation/Post Graduation/Professional Courses, Other courses approved by UGC/Government/AICTE etc. Eligible expenses – a) Fees payable to college/hostel b) Examination/ Library /Laboratory fees c) Purchase of Books/ Equipment/ Instruments/… Read More »

Andhra Pradesh Grmeena Vikas Bank – House Building Loans to Public

Purpose – The loan is offered for the Purchase / construction of new/old house/flat, for repairing/renovating an existing house/flat, Furnishing the house/consumer durables as a part of project cost, take over of loans from other banks subject to conditions Eligibility – Individuals Quantum of Loan – Repairs /renovation 2 lakhs; for furnishings consumer durables and… Read More »

Andhra Pradesh Grmeena Vikas Bank – General Purpose Credit Card

The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »

Andhra Pradesh Grmeena Vikas Bank – Agriculture Cash Credits (Crop loans)

Education loans and repayment

A recent press report said that the regular payment of education loan will help students to maintain their credit profile. Normally, education loans repayment starts six to twelve months after the completion of the course or after gaining an employment whichever is earlier. The report further said that in case the family income from all… Read More »

Corporation bank denies lending norm violations

A recent press report said that Mr. Ramnath Pradeep, Chairman and Managing Director, Corporation Bank said that the Bank is aiming for a zero bad loans portfolio during its financial year. Further he also said that currently the net non-performing asset is about 0.47 per cent as a percentage of advances. Mr.Pradeep also says that… Read More »

Corporation Bank seeks a support of Rs.300 crore from Government

A recent press report said that the State owned Corporation Bank has sought Rs.300 crore capital supports from the government to fund business growth. Mr.Ramanath Pradeep said that the bank had requested for capital infusion, the government will consider the same when it reviews the banking sector as a whole. He also said that the… Read More »

Bajaj Auto ties up with SBI for inventory finance

A recent press report said that Bajaj Auto has tied up with SBI to offer inventory finance to its dealers. Further the report said that this tie-up a cash credit facility ranging between Rs 25 lakh- Rs. 5 crore will be made available to Bajaj Auto’s dealers who predominantly fall in the small and medium… Read More »

Auto, home loans to cost more as banks hike lending rates

A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »

Cooperative Banks in TN to offer services online

As per a recent press report, the agricultural cooperative credit societies in Tamil Nadu will be offering a range of online services as a result of tie up with TCS to provide e-accounts to the primary agricultural cooperative credit societies which allows members to transfer and receive funds from other banks within the country. Further… Read More »