According to the recent reports, RBI has cleared the fact that NRIs are not eligible for subsidies on interest for home loans upto Rs.10 Lakhs. Usually, banks provide to borrowers a subsidy of 1% for home loans upto Rs.10 lakhs. But this decision is not going to benefit NRIs and staff working in banks. This… Read More »
With the hike in RBIs lending rates to bank of 25% i.e.0.25% in key rates, it is expected to see the hike in the rates at which loans are lent to corporates and individuals. Since the cost of acquiring funds by the banks go up, this will be passed on to borrowers who will have… Read More »
Well, these days most prudent borrowers aim to prepay their home loan before the 10 or 15 year loan repayment period. This is in because of the constant rise in the interest rates. RBI has directed that the LTV ratio (Loan-to-value ratio) is not supposed to exceed 80% . This means, if you have applied for… Read More »
Sunil is a 25 year old executive, living in his parents own house in Bangalore. He has been saving from the last 7 years and is looking forward to settling down in life soon. His brother-in-law, Shekhar, gave up his regular job and took an initiative to start up his own line of business, preferably… Read More »
Mahanagar Co-operative Bank Ltd. was established by the people in Ahmednagar District in the name of “The Ahmednagar Sahakari Bank Ltd.” on 6th October 1973. The bank changed its name from “The Ahmednagar Sahakari Bank Ltd.” to “The Mahanagar Co-operative Bank Ltd” and the new name came into force with effect from 21st January, 1998.… Read More »
Mahanagar Co-operative Bank Ltd. was established by the people in Ahmednagar District in the name of “The Ahmednagar Sahakari Bank Ltd.” on 6th October 1973. The bank changed its name from “The Ahmednagar Sahakari Bank Ltd.” to “The Mahanagar Co-operative Bank Ltd” and the new name came into force with effect from 21st January, 1998.… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »
Mahanagar Co-operative Bank Ltd. was established by the people in Ahmednagar District in the name of “The Ahmednagar Sahakari Bank Ltd.” on 6th October 1973. The bank changed its name from “The Ahmednagar Sahakari Bank Ltd.” to “The Mahanagar Co-operative Bank Ltd” and the new name came into force with effect from 21st January, 1998.… Read More »
Janata Sahakari Bank Ltd.,Pune was established on 18th October 1949 by people committed to social cause in Pune city. RBI included the bank in second schedule and from 1st September 1988. Janata Sahakari Bank Ltd., Pune is functional as Scheduled Co-Operative Bank and accepts deposits from Government and Semi-Government corporations. Similarly Government & Semi-Government corporations accept… Read More »