A recent press report said that State-run lender Central Bank of India has launched a special scheme offering to double depositors’ money in seven-and-a-half years. The scheme has been named as ‘Cent Double’, and will give an annualized yield of 13.33 per cent and is valid between September 1 and December 31. Reports said that… Read More »
A recent press said that Union Bank of India (UBI) has elevated seven deputy general managers (DGMs) to the post of General Managers (GMs). The bank sources have said that the promotions will help fill the vacancies that were created at the middle management level due to slew of retirements at the GM level. According… Read More »
The Rainwater harvesting scheme for customers is offered by the bank to cover the SC/ST farmers in Providing Irrigation facilities to the homesteads/ farm lands. In order to augment the income generating capacity of the SC/ST farmers, suitable local harvesting structures are proposed along with provision for small lifting devices on a nationwide scale. The… Read More »
Rushikulya Gramya Bank, the first of three Regional Rural Banks sponsored by Andhra Bank was established on 14th day of February, 1981 under provision of Section 3 of the Regional Rural Bank Act, 1976 with its Head Office at Berhampur (Ganjam), Orissa. As a Scheduled Commercial Bank, it is authorized to conduct all types of banking activities… Read More »
A recent press report said that Lakshmi Vilas Bank has registered a 30 per cent growth in its operating profit during the first quarter of the current fiscal compared to the corresponding quarter of the earlier fiscal. The operating profit has gone up to Rs 69.70 crore from Rs 53.73 crore in Q1 of 2010-11.… Read More »
Big – Shiksha is the education loan offered by the bank. It is offered to deserving candidates of the country. Purpose – To offer financial assistance to deserving students of the country to pursue higher education Eligibility – Student of Indian Nationality; Secured admission to professional / technical course in India or Abroad through entrance… Read More »
Purpose – To offer financial assistance to meritorious students for pursuing higher education in India and abroad Eligibility – Professional courses, engineering, medical, agriculture, veterinary, dental medicine. Courses conducted by IIM, IIT etc. Studies abroad: Job oriented professional or Technical courses offered by reputed universities. Loan amount – Need based finance subject to repaying capacity… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »