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 Limited, Surat is rightly bracketed as one of the leading and top-most co-op. banks of the city. It offers home loan, personal loan,… Read More »
Purpose – The home loan is offered for the purpose of Purchase or Construction of a House Property for residence within the District – Surat Eligibility – Any person having sufficient repaying capacity is eligible for the loan Quantum of Loan – Loan maximum up to 85 % of the Purchase Cost as per Sale… Read More »
A recent press report said that the immediate impact on the US rating downgrade on India is not that damaging. Dr.Subir Gokarn, Deputy Governor, RBI told that the RBIs commitment is to ensure that a disruption does not take place. The impact of the downgrade so far has largely been on the financial institutions, banks,… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »
A recent press report said that Union Bank if India has revisited its target for credit and deposit growth downwards equating the projections of the RBI. Further the bank has set the credit growth and deposit growth targets at 18.5 per cent and 16.5 per cent respectively. As per the report, at the beginning of… Read More »
According to a recent press report, the Union Bank has promoted seven Deputy General Managers to General Managers. These promotions were made to fill in the gaps that were created at the middle management level due to slew of retirements at the General Manager level. Those who have been promoted include: Mr A. K.T hakur,… Read More »
A recent press report said that the Reserve Bank of India went ahead with a large 50 basis point hike in its policy rate despite majority of its technical advisory committee pitching either for a pause or a nominal 25 basis points increase in the repo rate. As per the report, most of the members… Read More »
A recent press report said that most banks in India are either delaying their decision to announce special schemes for festival season due to uncertainty in interest rates or have decided against offering interest subsidy on such schemes. This situation has caused disappointment amidst the customers sitting on the fence towards the big attraction. Further… Read More »
A recent press report said that the Small Industries Development Bank of India is planning to gradually increasing its quantum of finance to micro lenders. The report also said that institution plans to disburse about Rs.1000 crore to MFIs in the current financial year while it was Rs.940 crore last year. The report further said… Read More »
In terms of Notification F.No.1/26/2005-RRB dated 27.01.2006 issued by Government of India u/s 23A of RRB Act,1976, Jaipur Nagaur Aanchalik Gramin Bank and Thar Aanchalik Gramin Bank, both sponsored by UCO Bank and operating in the state of Rajasthan, have been amalgamated to form a new Bank, namely JAIPUR THAR GRAMIN BANK. Jaipur Thar Gramin… Read More »