Purpose – For subsidiary activity: Investment credit will be provided in the shape of medium term loan for acquiring fixed assets whereas production credit will be given to meet the working capital requirements in the shape of Short Term Loan. Investment credit will be provided as medium term loan whereas production credit will be given… Read More »
Purpose – Financing individuals for purchase of good quality high yielding milch animals, viz., cows/buffaloes or cross bred cows for milk production. Financing individuals for purchase and rearing of calves’ up to the stage of first lactation. Eligibility – Individual borrowers undertaking dairying as subsidiary activity, individual borrowers undertaking commercial dairy as main activity etc… Read More »
Purpose – Loan against mortgage of immovable property located in urban/Semi-Urban Centres /Rural Areas Eligibility – Employees of Central/State Govt./Schools/Colleges/Public Sector Undertakings (PSUs)/Reputed Corporates for meeting their personal needs; Business Enterprises for meeting their business needs; Schools/Educational Institutions provided the activity is commercially viable, cash flow is satisfactory and sufficient surplus is available for repayment… Read More »
Purpose – The home loan is offered for the construction of the House or purchase of house/flat. Loan can also be extended for purchase of land/plot for house building Eligibility – Individuals; Joint owners are also eligible Extent Of Loan – Need-based loan, maximum of Rs.15 lakhs, in rural, semi-urban and in urban areas for… Read More »
The Farm Mechanization scheme is offered by the bank for Purchase of Farm, Machinery and Repair/Renovation of Tractors and Power tillers Purpose – Loan is sanctioned for Purchase of new tractors and matching implements/equipments, purchase of new power tillers, purchase of second hand tractors with matching implements, purchase of agricultural machinery, and repair/renovation of tractors. Eligibility … Read More »
The bank was started in 1917 at a central place in Tripunithura which was then the seat of the Cochin Royal family, the institution was one of the pioneers of the co-operative movement. The main function of the Bank then was to lend money at reasonable rates of interest to the common people in order… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not borrow… Read More »
The Almora Urban Co-operative Bank is a fast Growing Bank. The Minimum standards decided by the Reserve Bank of India for Urban Co-operative Banks to become viable were fulfilled in just Six months after establishment of the Bank. Number of Members, Share Capital, Deposit and working capital are increasing day By day. Bank does not… Read More »
A recent press report said that UCO bank has planned to more than double its total business to Rs 6 lakh crore by FY16 through customer acquisition and network expansion. Mr.R.K. Agrawal, its field General Manager of the bank said that the bank’s total business stands at Rs 2.45 lakh crore and that the bank wants… Read More »
A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »