According to a recent press report, the bill which will help in moving away the tough time for home loans and corporate defaulters is to be introduced in the parliament. The enforcement of security interest and recovery of debts law (amendment) bill 2001 plays an important role in this. Reports said that the proposed bill… Read More »
A recent press report said that Central Bank of India has entered into a MoU with Maruti Suzuki India Limited in order to finance Maruti Car. The MoU was signed by Mr. B. N. S. Ratnakar, General Manager, on behalf of the Bank and Mr. R. S. Kalsi, Exeucitve Director on behalf of the Maruti… Read More »
A recent press report from SBI said that the unappealing returns and moderation in growth has made the bank to postpone the plans of raising funds overseas. The country’s largest lender had planned to raise funds amounting to $1 billion by means of medium-term notes. But, it has been deferred on account of lack in… Read More »
A recent press report said that a scheme of home loans for state government employees, a joint initiative of the state government and Central Bank of India has been launched. Mr. Nitish Kumar, Chief Minister of Bihar who spoke at the function organised for the launch said that if the bankers fully cooperate, then corruption… Read More »
A recent press reports said that Central Bank of India has signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) in order to promote loan and finance vocational education. The MOU was signed by Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, and Mr Dilip Chenoy, CEO and… Read More »
Purpose: This loan can be taken for any purpose. Eligibility: Any salaried individual, professional or self employed individual can avail this loan. Quantum of loan: Maximum amount of this personal loan that could be attained is Rs. 10 lakhs. Margin: There is a margin of 35%. Rate of Interest: The rate of interest is 10%… Read More »
A recent press report said that Central Bank of India has entered into a tie-up with non-banking finance companies such as Future Capital, Bajaj Finance, and Reliance Capital to grow its retail portfolio. Retail portfolio of the bank, including Home Loan, auto loan and Personal Loan constituted 12.5 per cent its total advances of Rs… Read More »
In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur. Now area… Read More »
A recent press report said that the RBI which is the Central Bank of India has signed a Memorandum of Understanding with WMG, an Academic Department, and University of Warwick. Reports said that Shri S. Sridhar, Chairman and Managing Director, Central Bank of India and Professor Lord Kumar Bhattacharyya of WMG signed this MOU at… 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 »