The Sarvodays Sahakari bank limited – C.C. Facility for Working Capital Requirements

  Purpose                                  – For the purpose of Business Eligibility                                 – Any salaried persons or Professionals – Self Employed or Businessman are eligible for the loan     Quantum of Loan                   – Maximum credit facility @ 20 % of the Annual Sales Turnover; (Own contribution @ 5 % of the C.C. Limit sanctioned is required); Amount… Read More »

The Sarvodays Sahakari bank limited – Vehicle Loan

The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Ltd., Surat is rightly bracketed as one of the leading and top-most co-op. banks of the city. It offers home loan, personal loan, vehicle… Read More »

The Sarvodays Sahakari bank limited – Personal Loan

Purpose                                  – The personal loan is offered for the purpose of social cause / small repairs of property / Child education etc. Eligibility                                 – Any salaried persons / Professionals – Self Employed / Retailers Quantum of Loan                   – Loan granted up-to 5 times of the net monthly income of the applicant/s Or… Read More »

More Banks Have Hiked Lending, Deposit Rates

A recent press report said that more number of banks has hiked their lending and deposit rates, following the hike in key short term rates by the Reserve Bank of India. Bank of Maharashtra has hiked its base rate and benchmark prime lending rate by 25 basis points. The revised base rate is 10.5 per… Read More »

HDFC Bank Has Launched New Travel Credit-Cards

A recent press report said that HDFC Bank has launched three premium credit-cards – Regalia, Superia and Platinum Edge in Bangalore. The cards have been launched to facilitate frequent travelers. Mr. Pralay Mondal, Country Head – Retail Assets and Credit Cards, HDFC Bank, said that about 80 percent of the bank’s credit-cards are sold to… Read More »

Bank staff have planned to go ahead with nationwide strike

A recent press report said that the United Forum of Bank Unions (UFBU), comprising nine banking sector unions, has announced its decision to go ahead with the nationwide strike on as the conciliation talks held between the unions and Indian Banks Association (IBA) had failed to yield desired result. Mr. Shyamal Karmakar, General Secretary, State… Read More »