Citizen Credit Co-operative Bank Limited was registered on May 6, 1920 with the Registrar of Co-op. Societies of the erstwhile Bombay Catholic Urban Co-operative Credit Society. It was converted into a Bank on October 20, 1984, by the Registrar of Co-op. Societies order No. BOM/URB/BOMBAY CATHOLIC R-WARD of 84 dated October 20, 1984. The Bank was registered under… 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 »
Purpose: The loan finances purchase of new vehicles (two wheelers or four wheelers) and old vehicles not more than 4 years old. Eligibility: Any individual (Professionals, Self Employed, Business men, Permanent employees of State, Central Governments, Public Sector Under takings, Corporations, Private Sector companies and reputed establishments, Salaried Employees, person engaged in agriculture and… Read More »
Government of India, Ministry of Finance announced the amalgamation of Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank into a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. The bank was thus established on 01.03.2006. The Head Office of the new Bank is situated at Guntur, Andhra Pradesh. The bank ownership is shared between… Read More »
Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank merged into a single Regional Rural Bank on 01.03.2006 to form Chaitanya Godavari Grameena Bank with its Head Office at Guntur, Andhra Pradesh. Purpose: This loan finances purpose of purchasing equipment, repairing or renovating existing equipment and /or acquiring and repairing business premises or for purchasing tools and/or working… Read More »
Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh,Mau,Gazipur and Ambedker Nagar with its… Read More »
According to a recent press report HDFC Bank, the second largest private sector bank in the country, has been acknowledged as the ‘Strongest bank in Asia-Pacific’. In a survey conducted by the Asian Banker magazine, the bank has won the honour, beating more than 50 banks across 13 countries in the Asia-Pacific region. As per… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. Cauvery Kalpatharu Grameena (CKG) Bank was established on 24th May 2006 by amalgamation of Cauvery Grameena Bank and Kalpatharu Grameena Bank. It is sponsored by State Bank of Mysore. Purpose – Purchase of Vehicle both New… Read More »
North Malabar Gramin Bank is one of the 84 Regional Rural Banks operating in the country established under Regional Rural Banks Act 1976. The ownership is vested with the Government of India, Government of Kerala and Syndicate Bank. The Bank was established on the 12th of December 1976 with its Headquarters in Kannur (Kerala –… Read More »
The rate of interest on the Floating Rate Bonds, 2016 (FRB, 2016) applicable for the year (May 7, 2011 to May 6, 2012) shall be 7.85 per cent per annum. It may be recalled that the rate of interest on the FRB, 2016 was set at a mark-up (as decided in the auction held… Read More »