A recent press report said that ICICI Bank has announced the launch of fixed interest rate product for home loans. According to the scheme a customer can get a home loan at a fixed interest rate valid for a period of one or two years, after which the loan will move to floating interest rate. … Read More »
A recent press report said that a scheme of home loans for state government employees, a joint initiative of the state government and Central Bank of India has been launched. Mr. Nitish Kumar, Chief Minister of Bihar who spoke at the function organised for the launch said that if the bankers fully cooperate, then corruption… Read More »
A recent pres report said that Union Bank of India has planned to open a new ATM at Shri Jagannath Temple, Thyagaraj Nagar ( Near Safdarjung Bus Stand), New Delhi on 26th August 2011. Reports said that the ATM will be inaugurated by Shri S. C. Kalia, Executive Director, Union Bank of India and Shri… Read More »
Purpose – The loan offers financial assistance to all schemes with Income Generating Activities Revolving Fund – Revolving fund For groups revolving fund equal to group corpus subject to minimum of Rs. 5000 and maximum of Rs.10000/- will be released by DRDA/AP. Banks credit also be linked to group corpus and can be to 4… Read More »
Purpose – Construction /Purchase of House/flat; take over of loan availed for housing; purchase of site and construction of house; repairs /renovation./extension of an existing house Eligibility – Individuals who are resident Indians and aged between 18-60years and who have sufficient income to repay the loan subject to following conditions applicants should be properly introduced,… Read More »
A recent press report said that the country’s second largest private sector lender HDFC Bank today opened its first branch in Leh, one of the highest locations in the world, and plans to add about 600 branches across the country during the current fiscal. HDFC Bank offers a wide range of commercial and transactional banking… Read More »
Objectives: CSCC aims at prevailing adequate and timely credit i.e. Working Capital/or block capital or both to small artisans, handloom weavers, Service sectors, fishermen, Self employed persons, Rickshaw owners, SHGs and other micro entrepreneurs, etc., for the banking system in a flexible, hassle free and cost effective manner. The facility may also include a reasonable… Read More »
Purpose – To offer financial education to deserving students of the country to pursue higher education Eligibility – A Student who has completed previous qualifying examinations/Secured admission to Professional/technical courses through entrance test /selection process /secured admission to university /institution and whose parents should have minimum annual income of Rs,.50000/- will be eligible for loan… Read More »
A recent press report said that the government has directed public sector banks to process loan applications within three months, which is a move aimed at boosting economic activities. A senior public sector bank official told the press that the banks have received letter from the Finance Minister indicating time-limit for processing of loans. He… Read More »
Purpose – To finance acquisition of office premises for self-occupation by /of the Registered Medical Practitioners, Practicing Advocated, chartered Accounts, Company Secretaries, Consulting Engineers and Architects. Type of loan – Long Term Eligibility – Professionals, Individual or jointly or a partnership firm having an established practice with a minimum experience of three years, in the… Read More »