Govt. of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB). The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank… Read More »
Objective: To provide financial help to senior citizens of society drawing pension through the account of the bank this loan scheme is offered. This loan scheme can be availed for any legitimate consumption needs of the applicant. Eligibility: Any pensioner up to the age of 70 years drawing pension through the bank account is eligible… Read More »
Objective: To facilitate customers drawing salary through the accounts in the bank for their temporary consumption needs, this personal loan scheme is offered. Eligibility: (a) The applicant must be salary account holder of the bank. b) The applicant must have completed 3 years of confirmed service in his institution or have minimum 3 years left… Read More »
Objective: This loan scheme provides financial assistance for personal & domestic needs of an individual. Eligibility: a) The applicant should be a permanent employee drawing salary though the bank b) They should have completed 3 years of conferment service or minimum 3 years of left over service. c) Take home salary must be at least… Read More »
Objective: This loan finances purchase of consumer goods two wheeler/four wheeler vehicles. Eligibility: (a) Applicant must be permanent employee serving in bank’s area of operation. Service should not be transferable outside bank’s area of operation. (b) Person must have a regular source of income. Quantum of Loan: (a) Maximum 15 months salary or cost of… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 Regional Rural Banks. The Bank has its Head Office in Meerut. Purpose: To provide financial support to deserving/meritorious students for pursuing higher, professional and technical education this loan scheme is offered. Eligibility:… Read More »
Purpose: Providing short term working capital for agriculture and allied activities, other domestic consumption requirements and other term credit needs, this loan can be utilized. To meet financial requirement for rural housing also this loan can be taken. Eligibility: Only the existing land owned borrowers, who have been availing any farm advance against mortgage of… Read More »
With the rising interest rates by the day, it is not advisable to opt for a home loan since these rises are not going to end. But consider yourself lucky, to pay your EMIs worth 40% of your salary. That is possible only if you have been a prudent borrow. But if you have been… Read More »
In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Now area… Read More »
A recent press report said that the Thrissur-headquartered South Indian Bank has planned to raise capital during the current fiscal to take care of its future requirement and also to start a non-banking finance company as a fully-owned subsidiary. Dr A.V. Joseph, SIB’s Chief Executive Officer and Managing Director, told the press that the bank… Read More »