Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052. The Bank started with one branch at Mehsana with Share Capital of Rs. 15.00 lakhs, made continuous Progress as on 31/03/2010 paid up share capital is Rs. 33.19 crore. The Bank was given status… Read More »
Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052 the RBI License No. DB/UBD GJ 357 P dt. 28/09/1983. The Bank started with one branch at Mehsana with Share Capital of Rs. 15.00 lakhs, made continuous Progress as on 31/03/2010 paid up share… Read More »
According to a recent press report Punjab National Bank, has raised its interest rates by 50 basis points, following the policy rates hike announced by the RBI. K R Kamath Chairman and MD of the bank told the press that the board of directors has decided to increase interest base rate and BPLR by 50… Read More »
Reserve Bank of India (RBI) proposed the base rate system to replace the prime lending rate (PLR) for banks to bring about more transparency in the lending operations of the bank across the country. The base lending rate shows the actual cost to banks that has to be covered through lending. RBI’s definition of base… Read More »
Purpose: This loan finances purchase of vehicles for both personal and commercial use. Eligibility: Any individual or businessman can avail this loan Quantum of Loan: The maximum amount that could be granted as loan is Rs. 50,000/- . The cost of vehicle calculated will include the value of RTO tax, Sales Tax, Insurance,… Read More »
A recent press report said that Uco bank has reported 40.52 per cent decline in its net profit over the same period a year ago. Experts said that a flat operating profit in the last quarter of 2010-11 along with high provisioning for bad loans has brought down the net profit of the bank, for… Read More »
A recent press report said that public sector lender Bank of Baroda has raised its base rate and benchmark prime lending rate (BPLR) by 0.5 per cent each. Accordingly, the new rates will be 10 per cent and 14.25 per cent, respectively. The bank has planned to impose the change in the rates right away.… Read More »
Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB). The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank… Read More »
According to recent press reports, auto sales are largely flat compared to the previous year, reinforcing the point that growth for this fiscal will be considerably lower than the 30 per cent seen in 2010-11. In cars, Maruti Suzuki has enlosed with 97,155 units this month, which is 4.4 per cent higher than the tally… Read More »
Sarva U.P.Gramin Bank, sponsored by Punjab National Bank one of the leading commercial Bank of India, came into existence by amalgamation of 4 RRBs (Uttar Pradesh Gramin Bank Meerut, Kisan Gramin Bank Budaun, Rani Laxmi Bai Gramin bank Jhansi AND Davi Patan Gramin bank Gonda). The Bank has share Capital of Rs 6.00 Crore, subscribed… Read More »