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 »
A recent press report said that the insurance companies which do not have banks as their promoters are adopting a multi-channel distribution model rather than relying on agents and bank assurance. For these insurance companies hiring and training have become more crucial because the sales from bank assurance have declined. According to the report some… Read More »
A recent press report said that the Finance Ministry has sent its views to the RBI on granting new banking licences. The views were in favour of granting new licences to the industrial houses, provided the bank will be a separate entity. The report also said that in the discussion paper on ‘Entry of New… Read More »
As per a recent press report, Central Bank is planning to increase its presence in Vizag and Kakinada regions as there are a lot of new industries are coming up between these ports. Mr. M.V. Tanksale said that three more branches are to be opened in the region. Further he also stated that the Bank… Read More »
A recent press report said that the sixth largest PSU Central Bank of India has decided to open a new branches and hence hiring people. According to the report, the concentration will be on branch expansion, hiring young people, leveraging on technology and the global foot print. Thus restoring the position of the bank. Mr.M.V.… Read More »
Purpose – For subsidiary activity: Investment credit will be provided in the shape of medium term loan for acquiring fixed assets whereas production credit will be given to meet the working capital requirements in the shape of Short Term Loan. Investment credit will be provided as medium term loan whereas production credit will be given… Read More »
Punjab Gramin Bank came into existence on 12.09.2005 after the amalgamation of three erstwhile Regional Rural Banks of Punjab State namely, Kapurthala Firozpur Kshetriya Gramin Bank, Shivalik Kshetriya Gramin Bank & Gurdaspur Amritsar Kshetriya Gramin Vikas Bank. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan, education loan etc. Purpose – To… Read More »
Purpose – Financing individuals for purchase of good quality high yielding milch animals, viz., cows/buffaloes or cross bred cows for milk production. Financing individuals for purchase and rearing of calves’ up to the stage of first lactation. Eligibility – Individual borrowers undertaking dairying as subsidiary activity, individual borrowers undertaking commercial dairy as main activity etc… Read More »
Purpose – Loan against mortgage of immovable property located in urban/Semi-Urban Centres /Rural Areas Eligibility – Employees of Central/State Govt./Schools/Colleges/Public Sector Undertakings (PSUs)/Reputed Corporates for meeting their personal needs; Business Enterprises for meeting their business needs; Schools/Educational Institutions provided the activity is commercially viable, cash flow is satisfactory and sufficient surplus is available for repayment… Read More »
PGB Kisan Sampuran Rin Yojana is the Scheme for Package Loan to Farmers. The bank also offers home loan, personal loan, vehicle loan, business loan etc. Purpose – Bank will provide package loan to the farmers for undertaking various agricultural and allied activities for production as well as investment purposes and to meet the consumption… Read More »