Purpose – The loan is offered for traders Margin – 20 % in case of cash credit and term loan Amount of Loan – Maximum Rs.10 Lakh Guarantee – one guarantor of sufficient means and standing, Personal guarantee of all partners or directors as the case may be. Processing Fee – 0.5 % of loan… Read More »
Purpose – To meet the cash requirements of customers having gold jewellery or ornament then you can take loan against such gold jewellery or ornament as security Eligibility – Existing clients having satisfactory Dealings with the bank or other person introduced by our reputed existing client; salaried individual, self employed business or Professional Doctor,… Read More »
urpose – For setting Small Scale Industries units and investing up to Rs. 10, 00000 in fixed assets excluding land and building; Eligibility – Individual, Professional or Self employed or Businessmen with repayable capacity Margin – 25 % in case of cash credit & term loan Share Money – 1 % of loan amount.… Read More »
Purpose – Bank offers loan to Small Road & Water transport operators for purchase of Taxi, Bus, Truck, auto rickshaw. Eligibility – Persons engaged in transport business or starting transport operators business, Age in between 21 yrs to 60 years, having driving license of taxi/bus/truck/auto rickshaw and plying permit from RTO office or having management… Read More »
Small Business Enterprise Loan to give support to the small business enterprise setup mainly for giving loan to small business enterprise on following terms and conditions . Purpose – The loan is offered for the purchasing equipment, repairing or renovating existing equipment and or acquiring and repairing business premises or for purchasing tools and /… Read More »
A recent press report said that Union Bank of India has planned to double the strength of its ATMs to 5,000 by the end of this fiscal. The bank has planned to open around 130 new ATMs in Tamil Nadu. Mr. Lalit Sinha, General Manager, alternate channels and new initiative department said that the bank… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs. 1.00 lakh (Rupees one lakh only) on The Prerana Co-operative Bank Ltd., Pune, Maharashtra in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949… Read More »
A recent press report Public sector Syndicate Bank has partnered with MasterCard Worldwide to offer a global debit card. The new card is targeted at the bank’s customers and business enterprises. Reports also said that the bank has entered into a Memorandum of Understanding (MoU) with MasterCard to provide an additional e-payment channel to carry… Read More »
According to recent press reports Mr. Sandeep Das has been appointed as Managing Director and Head of Standard Chartered Bank. Reports said that Mr. Das has 20 years of experience with the bank and were earlier General Manager Premium Banking, Consumer Banking. He will be responsible for the private bank’s strategy for growth in India,… Read More »
A recent press report said that the banking sector regulator Reserve Bank of India has imposed a penalty of Rs 100,000 Gandhinagar Nagrik Cooperative Bank Limited, which is located in the Indian state of Gujarat. The Reserve Bank of India had found the bank guilty of allowing interest rebate in loan accounts of directors and… Read More »