Established in 1906, the Cosmos Co-operative Bank Ltd. is the second oldest bank in the country. The Bank has recently completed glorious 106 years of service successfully. The main objective of the bank is to give loans to Cosmos Bank members at concessional rates for pursuing higher education abroad, to give medical help to members… Read More »
Purpose – The loan can be sanction either Term Loan or Working Capital Loan. The loan can be sanction for the purchase of Plot and Construction of Building, Purchase of Equipment and Instruments, Purchase of Furniture’s and Fixtures, Purchase of Computers, Laptops and other peripherals, Purchase of Books and other materials in the profession. Eligibility … Read More »
Purpose – Purchase of consumer durables, TV/Refrigerator/ Other household and other personal needs and other contingencies Eligibility – The applicants and the guarantors should be permanent or Nominal Members of the Bank. Quantum of Loan – The loan limit of the personal loan is from Rs.10,000/- to Rs.1,00,000/- Repayment – From 12 months to maximum… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. The bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative Bank is a… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. The bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative Bank is a… Read More »
A recent press report said that Punjab National Bank acquired a 30% stake in the Indian arm of the biggest US life insurer MetLife at an undisclosed amount. The bank recently announced a marginal rise of 3.4% in its net profit at Rs 1,105 crore in the first quarter of the current financial year due… Read More »
A recent report said that the country’s second largest lender Punjab National Bank (PNB) has raised both its lending and deposit rates by up to 75 basis points after the rate revision by the RBI. Reports said that the base rate or the minimum lending rate has been increased by 75 basis points to 10.75… Read More »
A recent press report said that Lakshmi Vilas Bank has introduced Visa Debit Gold Card for its premier customers. Mr. Somasundaram, Chief Executive of the bank said that the bank has issued around 3.75 lakh cards. He said that the bank is expecting at least a-third of its card holders to opt for the Visa… Read More »
A recent press report said that Karur Vysya Bank has reported an increase of 38 % net profit. The bank’s net profit has gone up to Rs. 116.70 crore against Rs 84.48 crore during the corresponding quarter of the earlier fiscal. Mr. K. Venkataraman, Chief Executive and Managing Director, of the bank said that the… Read More »
A recent press report said that IDBI Bank has reported 34 per cent rise in net profit to Rs. 335 crore on higher interest income and interest margin. The bank has planned to restrain credit growth in coming quarters as the lender wants to bring down stressed assets and improve the over all asset quality.… Read More »