Andhra Pradesh Grameena Vikas Bank was formed on 31st March 2006 following a merger of 5 banks with SBI sponsorship. Nagarjuna Grameena Bank, Sri Visakha Grameena Bank, Sangameswara Grameena Bank, Manjira Grameena Bank and Kakathiya Grameena Bank merged together to form the Andhra Pradesh Grameena Vikas Bank. Andhra Pradesh Grameena Vikas Bank with 524 branches… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. It is jointly owned by Government of India, State Bank of Mysore and Government of Karnataka, the share capital is contributed in the ratio of 50:35:15 respectively. It is a Scheduled Commercial Banks permitted to carry all… Read More »
For overseas Indians, India offers a tremendous opportunity for investment and wealth building as India is slated to grow at the rate of 8%-10% for the next few decades.
According to a recent press report SEBI settled the proceedings against Dena Bank in Alka Securities case. SEBI found Dena Bank transacting largely in the shares of Alka Securities during the period September 2008 and July 2009 based on sudden rise in price, trading volumes and off market transfers. In spite of selling large quantities… Read More »
Purpose: This home loan finances construction, purchase, extension, renovation of a house or purchase of plot for residential purpose from Government recognized agencies like HOUSEFED, HUDA, etc. This loan can also be taken for taking over loans from other financial institutions. Eligibility: Any individual with a steady and sufficient income to repay the loan can… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India,… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. It is jointly owned by Government of India,… Read More »
Purpose: This loan finances cultivation of various crops. Eligibility: All categories of farmers – Small/Marginal (SF/MF) and others including Tenant farmers and Share Croppers who actually cultivate the lands are eligible to get this personal loan. Quantum of Loan: The loan amount depends up on the crop cultivated on the land. Rate of Interest: In… Read More »
Recent press reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh on The Limbasi Urban Co-operative Bank Limited, Limbasi Dist. Kheda, Gujarat, 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 (AACS) for violation… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. Purpose – Purchase of Vehicle both New and… Read More »