HSBC India offers a pay bank loan scheme launched for its new home loan borrowers. The scheme offers to pay back 50 per cent of the interest paid, on the 12th, 24th and 36th equated monthly instalments (EMIs). The bank said that the offer was to reward their loyal home loan customers. At an interest… Read More »
A recent press report said that state Bank of India the country’s largest lender has violated the Reserve Bank of India’s credit exposure norms during three consecutive years with regard to its loan provided to Mukesh Ambani-led Reliance Industries. The bank is already facing such problems with Air India and other telecom firms that are… Read More »
A recent press report said that the RBI has sets up Central Registry in order to prevent property loan frauds. The records maintained by the by the Central Registry will be available for search by any lender or any other person interested in dealing with the property. It is believed that the availability of such… Read More »
A recent press report said that LIC has introduced a new health policy that covers your parents’ in-law in heath insurance, apart from your parents. The name of the scheme is ‘Jeevan Arogya’, which offers comprehensive hospitalisation benefits for the whole family, including in-laws of the principal insured. The features of the policy are very… Read More »
A recent press report said that ING Vysya Bank, the private lender has planned to raise funds by issuing up to 28 million equity shares to the promoters and qualified institutional players. The bank has not yet mentioned about the amount that is to be raised from the proposed offers. Reports said that with reference… Read More »
A recent press report said that Bank of India has raised interest rates by 25-75 basis points on fixed deposits of select maturities with immediate effect, according to a notice on the BSE. The individual services of the bank include bank deposits, international banking, education loans, home loan; personal loan etc. The bank has announced… Read More »
Purpose – Construction or purchase of new dwelling units, financing of old dwelling units (not more than 15 years old) provided it is in a good condition. repair/renovation/extension of existing house; repayment of loan availed from housing Finance companies/banks; Purchase of plot to construct a house subject to condition that a house will be constructed… Read More »
Purpose – For any legitimate requirement of Funds Eligibility – Any Individual, Group of Individuals, Proprietorship or Partnership Firms, Companies etc Type of Facility – Loan and/or Overdraft limit. Margin – 15% of the Present value of Deposit for General Public and 5% in case of members of staff of Bank. … Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The said three RRBs were sponsored by Bank of India and had location… Read More »