According to a recent press report Mr. K.C .Chakrabarty, deputy governor, Reserve Bank of India has said the central bank has not banned the controversial teaser rates, but said banks may have to make additional provisioning for such loans. Recently mortgage major HDFC launched a special home loan product giving borrowers the choice to choose… Read More »
A recent press report said that the country’s biggest lender State Bank of India has ruled out relaunching a dual rate scheme for home loans. Reports said that its competitors ICICI Bank and HDFC have come up with a similar scheme to grow businesses. RBI defines teaser loan schemes as those offered at a low… Read More »
A recent press report said that HSBC India’s profit before tax has increased by 33 per cent year-on-year to $451 million, during the half-year ended June 2011. Reports said that the growth was mainly from commercial banking and global banking and markets segments, even as the foreign bank cut down the losses in its retail… Read More »
Langpi Dehangi Rural Bank, sponsored by State Bank of India was established on 27th January 1982 under Section 3 (1) of Regional Rural Bank Act 1976. The Head Office of the Bank is situated at Diphu, the district head quarters of Karbi Anglong District. The Bank has a total network of 42 Branches and 1… Read More »
Purpose – For the purchase a new Car/ Van/ Jeep/Two-wheeler or raise loan to purchase old vehicles that are not older than 3 years. Finance will be provided for purchase of vehicle of indigenous makes. Eligibility – Individuals as well as Business Concerns (Corporate or non-corporate) Quantum of Loan – For Individuals: 25 times of… Read More »
Purpose – To finance qualified medical practitioners; for buying equipments (For dentists the loan also covers dental implants besides equipments. For orthopedists, the loans also covers various replacements implants for hip knee shoulder spine etc.) Setting up clinic, nursing home, pathology labs, drug store, ambulance, computers, vehicles; Extension renovation modernization of existing Premises Eligibility – … Read More »
Saurashtra Gramin Bank is a Regional Rural Bank, was established under RRB Act, 1976 & Three banks namely JRGB, JAGB & SBGB, new prompted by SBS (now SBI) since 1978. These three Banks were amalgamated into one Bank namely Saurashtra Gramin Bank as per the Government of India directives since 02/01/2006. The bank is actively… Read More »
Purpose – To offer financial assistance to deserving students of the country to pursue higher education in India and abroad Eligibility – Meritorious student pursuing higher education in India/ Abroad; Any Graduation /P.G. level or Professional course, for Diploma or Degree of Government/ Government approved institute in India and abroad; need bone finance subject to… Read More »
A recent press report said that Union Bank of India has launched “Union Chetna” which is an information window for the customers as well as employees. Under the scheme informative contents will be displayed on a digital screen. The service is to provide information on various products and services of the bank to customers during… Read More »
A recent press report said that State Bank of India, exceeding RBI’s limit on exposure to single borrower has sanctioned loans to corporates such as RIL, IOC, Tatas and HDFC in the past three financial years. Reports also said that Bank of India also has gone past the Reserve Bank’s limit in the last two… Read More »