PURPOSE – For meeting the expenses of renovation/alteration/addition to the premises rented and to meet other business needs but not for speculative purpose BENEFICIARY – Owner who has let out or proposes to let out their premises to reputed companies/Institutions SCHEME – Limit 85% of the rent due and receivables after TDS/advance rent/security deposit.… Read More »
A recent press report said that State Bank of India has scaled down its recruitment for the current financial year. The bank has planned to hire about 11,000 officers and clerks this year which is significantly lower compared to the last few years. For example, in 2009-10, SBI hired over 25,000 officers, clerks and specialist… Read More »
The place of residence is significant in HRA calculation as for a metro the tax exemption for HRA is 50% of the basic salary while for non-metros it is 40% of the basic salary. This holds true especially when you work at a metro and reside at a non-metro. In this case, your city of… Read More »
A recent press report said that Shri P. Vijaya Bhaskar assumed charge as Executive Director of the Reserve Bank of India earlier this month. As Executive Director, Shri Bhaskar will look after Central Security Cell, Department of Banking Supervision and Department of Non-Banking Supervision. Shri. Bhaskar was the Regional Director of Karnataka, prior to his… Read More »
A recent press report said that IndusInd Bank has planned to open at least 400 new branches over the next three years as part of its branch network expansion strategy. Mr. Romesh Sobti, Managing Director and Chief Executive Officer, of the bank said that the bank has almost 310 branches and it is expected to… Read More »
The Thane Janata Sahakari Bank Ltd has emerged as one of the leading multi state scheduled co-operative Bank in the country. It presently is catering to the needs of society through a close network of 54 Branches and one Extension Counters spread all over the city of Thane, Mumbai, Navi Mumbai, Nasik, Pune & Satara. The… Read More »
A recent press report said that State Bank of India has constituted rural recovery teams (RRTs) and activated account tracking centres in order to undertake recoveries due to the huge jump of bad loans by Rs 5,791 crore in 2010-11 (April to March). Reports said that the bank has put together RRTs, with each team… Read More »
The Varachha Cooperative Bank Ltd. came into existence on 16th October 1995 and Inauguration ceremony was done by on the hand of Shree Swami Sacchidanand. The bank offers home loans, educational loan, personal loan etc. The Bank has been awarded with First Prize for the best performance among all Cooperative banks in Surat District during… Read More »
The Varachha Cooperative Bank Ltd., came into existence on 16th October 1995 and Inauguration ceremony was done by on the hand of Shree Swami Sacchidanand. This loan is for those who are self employed and professionals like Doctor, Lawyer, Teacher and Chartered Accountant. This loan is available for 12 month to 60 months with competitive… Read More »
The Greater Bombay Co-operative Bank Limited, more popularly known as Greater Bank, had its humble beginnings over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Having achieved the status of a scheduled bank in 1996, The Greater Bombay Co-operative Bank has been making… Read More »