Purpose: This loan finances purchase / construction of new / old house / flat, Repairing / renovating an existing house / flat, Furnishing the house / consumer durables as a part of project cost and Take over of loans from other banks. Eligibility: Any individual with sufficient capacity to repay the loan can avail this… Read More »
According to a recent press report SEBI settled the proceedings against Dena Bank in Alka Securities case. SEBI found Dena Bank transacting largely in the shares of Alka Securities during the period September 2008 and July 2009 based on sudden rise in price, trading volumes and off market transfers. In spite of selling large quantities… Read More »
Purpose: This home loan finances construction, purchase, extension, renovation of a house or purchase of plot for residential purpose from Government recognized agencies like HOUSEFED, HUDA, etc. This loan can also be taken for taking over loans from other financial institutions. Eligibility: Any individual with a steady and sufficient income to repay the loan can… Read More »
Recent press reports said that the Reserve Bank of India has imposed a monetary penalty of Rs.1 lakh on The Limbasi Urban Co-operative Bank Limited, Limbasi Dist. Kheda, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation… Read More »
Purpose – Construction of house along with purchase of site, for purchase of House or flat, repair or renovation, extension, addition to the existing house or flat Eligibility – All customers irrespective of their income, but should have satisfactory conduct of account for at least six months, all Government servants, persons working in local institutions… Read More »
The rate of interest on the Floating Rate Bonds, 2016 (FRB, 2016) applicable for the year (May 7, 2011 to May 6, 2012) shall be 7.85 per cent per annum. It may be recalled that the rate of interest on the FRB, 2016 was set at a mark-up (as decided in the auction held on… Read More »
Recent press reports said that the Reserve Bank of India has imposed a monetary penalty of Rupees five lakh on Ahmedabad District Central Co-operative Bank Ltd., Ahmedabad, and Gujarat. The bank has been penalised for the violation of guidelines issued by Reserve Bank of India on Know Your Customers (KYC) norms and Anti Money Laundering… Read More »
North Malabar Gramin Bank is one of the 84 Regional Rural Banks operating in the country established under Regional Rural Banks Act 1976. The ownership is vested with the Government of India, Government of Kerala and Syndicate Bank. In the course of 30 years of existence, NMGB has established itself as a fundamentally strong and… Read More »
North Malabar Gramin Bank is one of the 84 Regional Rural Banks operating in the country established under Regional Rural Banks Act 1976. The ownership is vested with The Government of India, Government of Kerala and Syndicate Bank. The Bank was established on the 12th of December 1976 with its Headquarters in Kannur (Kerala –… Read More »
Bharat Co-operative Bank (Mumbai) Limited which was established in 1978, now has a customer base of more than 12 lakhs. The Reserve Bank of India has conferred scheduled status to the Bank on 22nd April, 1996 and the Bank subsequently registered as Multi-State Scheduled Co-operative Bank on 26th September, 1997. Today the Bank has 36… Read More »