A recent press report said that private lender Dhanlaxmi Bank has planned to enter into new segments to boost its non-interest income at a time when rising and falling interest rates makes it difficult to protect margins. The bank has planned to enter into retail gold sales segment and forex cards in FY12 to boost… Read More »
A recent press report said that Deutsche Bank’s India branches has posted a profit after tax of Rs 630 crore for the year ended March 31, 2011, an increase of 41 per cent over the Rs 446 crore in 2009-10 fiscal. According to a press release the total income increased 19 per cent to Rs… Read More »
Nainital-Almora Kshetriya Gramin Bank (NAKGB) was established on 26th March, 1983. It is sponsored by Bank of Baroda. Presently the bank has over 58 branches across 4 districts of Uttarakhand, Udham Singh Nagar, Nainital, Bageshwar and Almora. The bank aims to provide banking facilities in rural area and provide financial assistance particularly to small, marginal,… Read More »
Purpose – Term Loans are sanctioned for purchase of new passenger cars, jeeps or multi utility vehicles (MUVs) and SUVs Eligibility – People between the age group of 21 to 60 years are eligible for the car loan. Permanent employees of State/Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies and reputed establishments. Professionals,… Read More »
A recent press report said that Public sector lender IDBI Bank has hiked interest rates for selected category of educational loans and also retail term deposit rates by up to 50 basis points but left the base rate unchanged. Reports said that in spite of the rise in the key policy rate s by the… 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 »
Purpose: For purchase of Cars/Two Wheelers of any make, new as well as second-hand vehicles less than 3 years old. Eligibility: Any Individual, Proprietary/Partnership concerns as well as Limited Companies are eligible to avail finance under the vehicle loan scheme; provided they have adequate repayment capacity. Period of Repayment: The period of repayment for… Read More »
Purpose: This loan can be taken for personal purpose. Eligibility: Any salaried individual can take this loan (businessman, employed, self employed or professional) on mortgage of property. Margin: There is a margin of 20%. Rate of Interest: The rate of interest is 10.5% per annum. Repayment: Period of loan could be up to 5 years.… 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 »
A recent press report said that Public sector lender, UCO Bank, is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent this fiscal. Mr. Arun Kaul, Chairman and Managing Director of the bank said that they have planned to grow their… Read More »