A recent press report said that Indian Bank has paid Rs 297.87 crore to the Central Government as dividend for the financial year 2010-11. The dividend cheques were given to the Finance Minister, Mr. Pranab Mukherjee, by Mr. T. M. Bhasin, Chairman and Managing Director of the bank. Mr. V. Rama Gopal and Mr. Rajeev… Read More »
A recent press report said that a Leading private equity firm ICICI Venture today has planned to raise up to Rs 1,000 crore from high net worth individuals in the next 6-9 months to invest in the residential real estate. Sanjeev Dasgupta, ICICI Venture President (Real Estate) told the press that they are planning to… Read More »
The Kozhikode District Co-operative Bank Limited, (erstwhile Malabar Co-op Central Bank Limited known as MCC Bank) was registered and started functioning on 03.12.1917. In the beginning, the name of the Bank was Malabar District Co-operative Bank Ltd., registered under Section 9 of Act II of 1912(India). Initially, the area of operation of the Bank was extended to… Read More »
A recent press report said that UCO Bank has launched its small and medium enterprises (SME) loan hub in Bangalore in its bid to increase lending to the sector. Mr. Arun Kaul, chairman and managing director of UCO Bank said that the bank has been a pioneer in arranging credit for priority sector and has… Read More »
Vijay Co-operative Bank Limited offers its patronage various types of loans. Depending upon the requirement, one can avail of the loan facilities from the bank. It offers home loan, car loan, personal loan, consumer loan, educational loan etc. Purpose – Any purpose other than investment Eligibility – Salaried, self employed or professional with… Read More »
Purpose – The home loan is offered for the Purchase or construction of new house Eligibility – Salaried, self employed and professional Margin – 20% Rate of Interest – Up to Rs.2 lakhs 11%, above Rs.2 lakhs 12% Duration – Up to Rs.2 lakhs 180 months, Above Rs.2 lakhs 120 months… Read More »
The bank was started in 1917 at a central place in Tripunithura which was then the seat of the Cochin Royal family, the institution was one of the pioneers of the co-operative movement. The main function of the Bank then was to lend money at reasonable rates of interest to the common people in order… Read More »
Purpose – To offer financial assistance to purchase vehicles Eligibility – Any salaried persons / Professionals – Self Employed / Businessman; only for the purpose of purchase of New Vehicle for personal usage; Loan amount will depend upon the repaying capacity of the applicant and the worth of the personal guarantees offered. Quantum… Read More »
Purpose – For the purpose of Business Eligibility – Maximum credit facility is 20 % of the Annual Sales Turnover (Own contribution @ 5 % of the C.C. Limit sanctioned is required). Amount of Credit Facility will depend upon the nature of business of the applicant, offering of collateral security and the… Read More »
The Kangra Cooperative Bank Limited was started in a very humble way as a small Thrift/Credit Society in March, 1960 by a few friends of the District. Twenty three years there from in June 1995 it was granted a license to carry out the banking business by the Reserve Bank of India. The bank offers a… Read More »