A recent press report said that the growth in lending loans have not shown any positive signs during this festival season. The fall in the credit growth from 21.5 percent to 19.45 percent starts at the beginning of the financial year. The negative growth in lending loans starts from first week of October, amount to… Read More »
A recent press report said that Bank of India (New Zealand), a wholly-owned subsidiary of Bank of India was launched in New Zealand. The subsidiary was inaugurated by Dr. Alan Bollard, Governor, Reserve Bank of New Zealand. Mr. Alok Misra, Chairman and Managing Director of the bank said that the bank has planned to offer… Read More »
A recent press report said that the National Housing Bank (NHB) has identified a technical partner for its mortgage guarantee foray and expects this four-way joint venture to take off by March next year. Reports said that a mortgage guarantee company will provide credit guarantee to housing finance companies and banks on behalf of home… Read More »
Big- Home is the home loan scheme offered by the bank to purchase new independent house or ready built Flats or repair and extension of built houses. Purpose – A Scheme for purchase of new independent house / ready built Flats (Repair / Extension / Renovation also) for residential purpose Eligibility – Indian resident having… Read More »
Jalgaon Janata Sahakari Bank Ltd. was established on 20th January, 1979. The Bank attained “Scheduled Bank” status on 29th January, 2000. The bank works with a vision of “Carve the names on the heart of common man instead of carving names on marble”. Bank had all its branches computerized by the year 2000. By the… Read More »
Kalyan Vastu is the name of the home loan offered by the Kalyan Janata Sahakari Bank Limited for construction and purchase of houses. Purpose – The loan is offered for the construction of own house, for purchase of ready built or under construction house or flat, for purchase of old house or flat (on… Read More »
Bank of India pioneered the introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio. This year however, the bank has been hit badly by bad debts. The bank’s profitability was impacted on the back of total provisions shooting up to Rs 883 crores (Rs 452 crores). Of the total provisions,… Read More »