Purpose – The home loan is offered for the Purchase/Construction of Flat/Independent Bungalow Quantum of Loan – Maximum Limit will be as per Exposure Norms. Terms – Maximum 13 yrs. / Maximum moratorium 18 months or date of possession, which ever is earlier Margin – 15% for ready possession and 30% for under-construction of Flat/House… Read More »
Shriram Urban Co-operative Bank Ltd. Nagpur named after Lord Shriram, idol of the people of India commenced its business on the eve of Ramnavami, the 21st March, 1996. The bank is in profit since inception and has been consistently receiving “A” classification in the statutory audit for all these years. Bank has complied all the… Read More »
Purpose – To offer financial assistance to deserving students in the country Eligibility – Eligibility all professional courses approved by UGC/technical board/ University Quantum of Loan -Maximum quantum Rs.10.00 lakhs per student Rate of Interest – Rate of Interest – 12% Repayment – Repayment in 60 equal installments after completion of… Read More »
Purpose – for any purpose Quantum of Loan – Minimum Rs.100000/- Rate of Interest – 2% above the prevailing interest rate for housing loan Margin – In case of Stock 40%; in the case of book debts 50% Collateral – Collateral security in the form of mortgage of immovable property, F.D.R., L.I.C.… Read More »
Shriram Urban Co-operative Bank Ltd. Nagpur named after Lord Shriram, idol of the people of India commenced its business on the eve of Ramnavami, the 21st March, 1996. The bank is in profit since inception and has been consistently receiving “A” classification in the statutory audit for all these years. Bank has complied all… Read More »
Shriram Urban Co-operative Bank Ltd. Nagpur named after Lord Shriram, idol of the people of India commenced its business on the eve of Ramnavami, the 21st March, 1996. The bank is in profit since inception and has been consistently receiving “A” classification in the statutory audit for all these years. Bank has complied all the… Read More »
A recent press report said that State Bank of India (SBI) has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year. Mr. Pratip Chaudhuri, Chairman of the bank told the press that it will recruit about 6,000 clerks soon and that the… Read More »
A recent press report said that Mr. Diwakar Gupta, Managing Director, and CFO, State Bank of India, has cautioned banks from issuing free credit cards. He said that the issuing of credit cards should be made against a fee so that only those who value it will get it. He asked banks not to push… Read More »
A recent press report said that Oriental Bank of Commerce reported a 2.37 per cent decline in net profit for the first quarter ended June 30, 2011 at Rs 354.70 crore. Reports said that the decline in profit was due to the increase in the cost of deposits much sharper than the increase in yield… Read More »
A recent press report said that Kotak Mahindra Bank’s net profit has increased by 35 per cent to Rs 252 crore during the quarter ended June 30, 2011, from Rs 187 crore in the year-ago quarter. Reports said that the growth in profits was due to the growth in interest income and lower provisions. Mr.… Read More »