Citizen Credit Co-operative Bank Ltd was registered on May 6, 1920 with the Registrar of Co-op. Societies of the erstwhile Bombay Catholic Urban Co-operative Credit Society. It was converted into a Bank on October 20, 1984, by the Registrar of Co-op. Societies order no. BOM/URB/BOMBAY CATHOLIC R-WARD of 84 dated October 20, 1984. Salaried individuals in permanent employment,… Read More »
Chaitanya Grameena Bank and Godavari Grameena Bank sponsored byAndhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. Purpose: The loan finances purchase of new house. Eligibility: The house proposed to be purchased should not be more than 10 years old. The… Read More »
Purpose: This loan finances construction of a house. Eligibility: Any salaried employee, businessman, agriculturalist, etc. can avail this loan. The age of the applicant should be in between 18 and 55. In case of farmers who are of age more than 55, their legal heirs are co applicants for the loan. Percentage of Equated monthly/… Read More »
Purpose: This loan finances minor irrigation schemes of farmer individually or as a group. Eligibility: Farmers having agricultural land and are part holders of land can avail this loan. The loan could also be granted in joint names where land is owned jointly. Quantum of Loan: The maximum amount that is granted as… Read More »
Recent reports said that Bank of India is planning to raise its Tier I capital, either through a follow-on public issue or a rights issue this fiscal. The bank has planned for the rise in TIER I capital in order to maintain its Capital Adequacy Ratio at 13 per cent and Tier I capital at… Read More »
Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »
The Bank was established by amalgamating four regional rural banks sponsored by State Bank of Hyderabad. The banks that were amalgamated are 1) Sri Saraswathi Grameena Bank, Adilabad 2) Sri Satavahana Grameena Bank, Karimnagar 3) Sri Rama Grameena Bank, Nizamabad and 4) Golconda Grameena Bank, Ranga Reddy (Hyderabad).This group has an aggregate net work of… Read More »
The Bank was established by amalgamating four regional rural banks sponsored by State Bank of Hyderabad, viz. 1) Sri Saraswathi Grameena Bank, Adilabad 2) Sri Satavahana Grameena Bank, Karimnagar 3) Sri Rama Grameena Bank, Nizamabad and 4) Golconda Grameena Bank, Ranga Reddy (Hyderabad) with an aggregate net work of 215 branches. The area of operation… Read More »
The Bank was established by amalgamating four regional rural banks sponsored by State Bank of Hyderabad, viz. 1) Sri Saraswathi Grameena Bank, Adilabad 2) Sri Satavahana Grameena Bank, Karimnagar 3) Sri Rama Grameena Bank, Nizamabad and 4) Golconda Grameena Bank, Ranga Reddy (Hyderabad) with an aggregate net work of 215 branches. The area of operation… Read More »
Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »