A recent press report said that Catholic Syrian Bank has registered impressive business growth in 2010-11, with net profit of Rs 12.18 crore compared with Rs 1.65 crore in the previous fiscal. The total business of the bank grew by more than 30 per cent, and crossed the Rs 15,000-crore mark as on March 31.… Read More »
A recent press report said that Self-help groups (SHGs) across the country will henceforth get loan at 7 per cent on a par with the crop loans. Mr. Jairam Ramesh, Minister of State for Environment and Forests, said that microfinance has unfortunately become a dirty word now largely due to extreme commercialization by some MFIs,… Read More »
According to a recent press report Citigroup Inc told the press that computer hackers have violated the e bank’s network and accessed data on hundreds of thousands of bank card holders in the latest of a string of cyber attacks on high-profile companies. Citigroup said that about one percent of its card customers were affected… Read More »
A recent press report said that Sundaram BNP Paribas Home Finance has planned to expand its presence in select markets in western and eastern India, according to a press release from the company. The company has strong presence in the South has entered West Bengal with an office in Kolkata. Over the next quarter, it… Read More »
Karnataka Vikas Grameena Bank was formed by the amalgamation of four banks sponsored by Syndicate Bank in the State of Karnataka by a Government of India Notification dated 12/09/2005. The bank works with a mission to continue as the leading and visible Grameena Bank in the country by acting as a catalyst for the growth… Read More »
This Bank was first established as a Co-operative Urban Credit Society in the year 1917. This was later on converted into a Bank. Till 1993 the Bank had only 8 branches spread over Satara District of Maharashtra only. Since then it has expanded its wings in other prominent Districts of Maharashtra viz. Sangli, Kolhapur, Solapur,… 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 time… Read More »
Purpose: This loan finances purchase of consumer items like TV, Washing Machine, Refrigerator, AC, etc. Eligibility: Any salaried individual, professional, businessman or self-employed individual can avail this loan. Margin: Up to a maximum of 70% of the total expenses will be granted as loan. Rate of Interest: The rate of interest is 14% per annum.… Read More »
Purpose: This loan can be use for any purpose (like medical treatment, Instant marriage, any instant incident). Eligibility: Any salaried individual, professional or self -employed individual can avail this personal loan. Quantum of loan: Up to a maximum of 90% of the proposed expenses will be granted as loan. Rate of Interest: Repayment: The term… Read More »
Purpose: This loan finances both personal (two-wheeler/ four-wheeler) and commercial vehicles. Eligibility: Salaried Individuals, Professionals, Self Employed Individuals, Businessman are eligible for this car loan. Quantum of loan: Up to a maximum of Rs. 15 lakh is granted as loan. Margin: Only 80% of the total cost is granted as loan. Rate of Interest: The… Read More »