The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
The kaduthuruthy urban co-operative bank was registered on November 14th 1973 with 323 Members and a share amount of Rs 17900/-as working Capital. In November 1974 itself the Bank came under the Banking Regulation Act from then onwards the bank’s deposits are having Insurance Coverage. The bank was issued license by the RBI on 17.06.1986,… Read More »
A recent press report said that public sector lender Corporation Bank has rewarded six of its branch managers with the Chairman’s club membership for their commendable performance at work. This award has been given for the excellence in operations. The bank has also awarded 64 branch managers the ‘Super Ordinate Goal’, which was for their… Read More »
A recent press repots said that Indian Bank has planned to push for educational loans in Karnataka. The outstanding of the bank stood at Rs 44.67 crore benefiting 1,698 students in the State. Mr. T.M. Bhasin, Chairman and Managing Director of Indian Bank, said the bank’s total educational loan portfolio stood at Rs 2,810.67 crore… Read More »
Purpose – To provide financial assistance to meritorious students for pursuing higher education Eligibility – To extend financial assistance to deserving meritorious Indian National Students for pursuing higher education in India and abroad Quantum of finance – Maximum Rs.10.00 lakh for Studies in India, Maximum Rs.20.00 lakh for studies abroad Margin –… Read More »
The loan is offered to meet the expenses for pursuing higher education, at India or abroad. The maximum limit of loan offered is up to Rs. 10.00 lakhs (for studies in India), up to Rs. 20.00 lakhs (for studies abroad). The security required includes NSCs, Surrender Value of LIC Policies or RBI Relief Bonds, dematted… Read More »
Recent reports said that Bank of India is planning to raise its Tier I capital, either through a follow-on public issue or a rights issue this fiscal. The bank has planned for the rise in TIER I capital in order to maintain its Capital Adequacy Ratio at 13 per cent and Tier I capital at… Read More »