Chaitanya Grameena Bank and Godavari Grameena Bank sponsored by Andhra Bank merged to form a single Regional Rural Bank with its Head Office at Guntur, Andhra Pradesh. Chaitanya Godavari Grameena Bank was thus established on 01.03.2006. Purpose: This education loan finances higher studies in India and abroad. Eligibility: The applicant must be an Indian citizen of within… Read More »
Purpose: This loan finances purchase / repair/ renovation / extension of houses / flats. Eligibility: Individuals, small businessmen, traders, transport operators, etc. with sufficient capacity to repay the loan are eligible to avail this home loan. Quantum of Loan: The maximum amount of loan that could be granted to an individual borrower is Rs. 50… Read More »
Recent press reports said that banking sector has planned to recruit about 7.5 lakh people in the next five years. There is also a critical shortage of middle management because of increase in retirements which are to come up. This will ensure that the bank has enough people to offer services in sections like bank… 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 »
Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh, Mau, Gazipur and Ambedker Nagar… Read More »
One of India’s largest housing finance companies LIC Housing Finance has come out with a new housing loan product called Freedom. The new product t has been launched with effect from May 4th. The new product is a floating rate housing loan scheme whose interest rate will be dependent on the LHPLR – LIC Housing… Read More »
Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh,Mau,Gazipur and Ambedker Nagar with its… Read More »
As an after effect of the recently announced Monetary policy in which the Repo rates were increased by 50 basis points and also the interest rates on Savings accounts hiked from 3.% to 4.% many local banks have increased their interest rates on retail loans which include Home Loan, Personal Loan, Car Loan etc. According… Read More »
Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh,Mau,Gazipur and Ambedker Nagar with its… Read More »
Union Bank of India had sponsored four RRBs in India out of which three were in U.P namely, Kashi Gramin Bank, Gomti Gramin Bank and Samyut Kshetriya Gramin Bank. Samyut Khetriya Gramin Bank established on 6th Jan 1976, with its Head Office at AZAMGARH. It covered 4 districts namely zamgarh, Mau, Gazipur and Ambedker Nagar… Read More »