A recent press report said that Nabard plans to give refinance to commercial banks at differential rates of interest depending on their exposure to agriculture credit in developed and underdeveloped regions. The development finance institution is working on the scheme and it is likely to be finalized within a month’s time said Mr.Prakash Bakshi, Chairman,… Read More »
There are six smart things to know how to convert credit card dues to EMI according to your convenience. Credit card holders may allow card holders to convert their dues into a loan and repay through EMIs, both on new purchases as well as the existing balance. The option may be for purchases made during… Read More »
A recent press report said that ICICI, union bank of India, Indian overseas bank, United Bank of India, Andhra Bank and State bank of Bikaner and Jaipur raised their lending rates by 59 basis points making auto, home and other loan expensive. The report also said that the decision of the banks to raise the… Read More »
Purpose – For the purpose of Business Eligibility – Any salaried persons or Professionals – Self Employed or Businessman are eligible for the loan Quantum of Loan – Maximum credit facility @ 20 % of the Annual Sales Turnover; (Own contribution @ 5 % of the C.C. Limit sanctioned is required); Amount of Credit Facility… Read More »
Purpose – The personal loan is offered for the purpose of social cause / small repairs of property / Child education etc. Eligibility – Any salaried persons / Professionals – Self Employed / Retailers Quantum of Loan – Loan granted up-to 5 times of the net monthly income of the applicant/s Or… Read More »
A recent press report said that more number of banks has hiked their lending and deposit rates, following the hike in key short term rates by the Reserve Bank of India. Bank of Maharashtra has hiked its base rate and benchmark prime lending rate by 25 basis points. The revised base rate is 10.5 per… Read More »
A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »
Purpose – The home loan is offered for the purpose of Purchase or Construction of a House Property for residence within the District – Surat Eligibility – Any person having sufficient repaying capacity is eligible for the loan Quantum of Loan – Loan maximum up to 85 % of the Purchase Cost as per Sale… Read More »
According to a recent press report, the Union Bank has promoted seven Deputy General Managers to General Managers. These promotions were made to fill in the gaps that were created at the middle management level due to slew of retirements at the General Manager level. Those who have been promoted include: Mr A. K.T hakur,… Read More »
A recent press report said that the Reserve Bank of India went ahead with a large 50 basis point hike in its policy rate despite majority of its technical advisory committee pitching either for a pause or a nominal 25 basis points increase in the repo rate. As per the report, most of the members… Read More »