Purpose – To meet personal expenses like for marriage, medical, education etc Nature of Facility – Demand loan/Term loan Eligibility – Individuals in the age group of 18 to 60 years owning residential/commercial property (non agricultural land and /or building; Net monthly income of Rs.10000/- for salaries individuals and net annual income of Rs. 1,20,000/-… Read More »
Purpose – To facilitate farmers/ Planters to acquire vehicle for timely supply of inputs required for agricultural operators/ Allied activities, transport of agriculture produce and agricultural labours and to undertake visits for farm supervision Nature of Vehicle – For purchase of new jeep, Pickup van, Mini Truck, Truck, Tempo, Agricultural Transport vehicle, Cars/vans and two… Read More »
A recent press report said that State Bank of India is not looking to sponsor an infrastructure debt fund (IDF), a new vehicle that was mooted in Budget 2011-12 to enhance the flow of long-term debt for funding infrastructure development. Mr. Pratip Chaudhuri, SBI Chairman, told the press that the bank was not planning to… Read More »
A recent press report said that the proposed India International Bank (Malaysia), which is a trio joint venture between Bank of Baroda (BoB), Indian Overseas Bank (IOB) and Andhra Bank, will have a paid-up capital of $100 million. Reports said that Bank of Baroda holds the majority stake at 40 per cent and it will… Read More »
According to a recent press report, ICICI Bank has sold its entire 16.9 per cent stake in Stock Holding Corporation of India (SHCIL) to Industrial Finance Corporation of India Ltd (IFCI) at Rs. 818 a share. This makes IFCI the biggest shareholder in SHCIL. Reports said that the IFCI’s stake in SHCIL has increased to… Read More »
According to a recent press report a study by Assocham has reported that the proportion of bad loans or non-performing assets (NPAs) to total loans of 11 listed banks for the year ending March 2010 stood at 2.21 per cent compared with 15 per cent in the late 1990s. Reports said that there was renewed… Read More »
The bank offers the loan to farmers to make the small and marginal holdings economically viable, bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity and to finance the share croppers /tenant farmers to purchase land to enable them to increase their income Purpose – The objective of this… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Chikmagalur Kodagu Grameena Bank was established in the year of 1984 under the RRB Act1976. The Bank is named after the Districts Chikmagalur and Kodagu where the operational network is spread. The Bank is sponsored by the Corporation Bank a premier public sector Bank. The Bank has its Head Office at Chikmagalur, Karnataka State. The… Read More »
Big- Cash is a personal loan offered by the bank to meet unforeseen expenses like marriage, education, social obligation. Purpose – To offer financial assistance to meet unforeseen expenses like marriage, education, social obligation Quantum of Loan – 90% of proposed expenditure with maximum ceiling of Rs. 2.00 lakh Upper ceiling may be waved in… Read More »