According to recent press reports Kolkata-based Allahabad Bank is planning to go for a medium term notes (MTN) issue to raise $500 million to fund its overseas expansion program. The senior officials of the bank said that the bank is expected to continue with the MTN issue in another three months, and will be listed… Read More »
As an after effect of the recently announced Monetary policy in which the Repo rates were increased by 50 basis points and also the interest rates on Savings accounts hiked from 3.% to 4.% many local banks have increased their interest rates on retail loans which include Home Loan, Personal Loan, Car Loan etc. According… Read More »
Purpose: This loan finances purchase of vehicles. Eligibility:Any Salaried person Individuals/Professionals & Self Employed who is an income tax assessee for the last 3 years or form No.16 with minimum net income of Rs.10,000/- can avail this loan. Any businessman who is an income tax assessee for the last 3 years, with minimum net monthly… Read More »
A recent press report said that carmakers in the country are expecting sales to slow down further following the hike in the petrol price of Rs 5 a litre at a time when the market is already reeling under pressure from high interest rates on auto loan. Reports said that the industry players assume there… Read More »
A recent press report said that Canara Bank has decided to hold data mining or data warehousing to manage the increasing volume of business transactions. Ms Archana Bhargava, Executive Director, of the bank said that the process for the vital technology has reached the Request for Qualification (RFQ) stage in which leading vendors are represented.… Read More »
Purpose: This loan finances purchase of Tractor, Trailer, Implements and other Accessories related to agriculture. Eligibility: Individual farmers /Group farmers can avail this agricultural demand loan. The applicant must have a minimum amount of irrigated cultivable land and productive work in agriculture per year, in order to obtain loan for tractor. Applicants proposing to… Read More »
The Punjab & Maharashtra Co-operative Bank started its operations first time on 13th February, 1984. The bank was established with an aim to provide banking services that provides the customer utmost ease and convenience. Within a short span of just 16 years, it has achieved ‘scheduled’ status on 29/01/2000 and is the youngest co-operative bank… Read More »
The Punjab & Maharashtra Co-operative Bank Ltd. (PMC bank) started its operations first time on 13th February, 1984. The bank was established with an aim to provide banking services that provides the customer utmost ease and convenience. Within a short span of just 16 years, it has achieved ‘scheduled’ status on 29/01/2000 and is the… Read More »
The Greater Bombay Co-operative Bank Ltd, more popularly known as Greater Bank, was established over five decades ago on 10th December 1952. The bank was established with a single motto of serving the society in large. In 1996, the bank achieved the “Scheduled Bank “status. The Bank has been functioning very well in the recent… Read More »
On 13th January, 1977, Janab Dr. Mumtaz Ahmed Khan and Janab K.Rahman Khan founded the Amanath Co-operative Bank and within a short span of 26 years, the Bank has attained the status of Karnataka’s first scheduled Urban Co-operative Bank. The Reserve Bank of India conferred the “Scheduled Status” on Amanath Bank effective from 29th January,… Read More »