Purpose – The purpose of the vehicle loan is to offer financial assistance to the members of the bank in order to purchase two wheelers or four wheelers. Eligibility – Age between 18 to 60 years, the applicant should have valid driving license just like any other car loan Membership – Incase of purchase of… Read More »
Purpose – Purchase of consumer durables, TV/Refrigerator/ Other household and other personal needs and other contingencies Eligibility – The applicants and the guarantors should be permanent or Nominal Members of the Bank. Quantum of Loan – The loan limit of the personal loan is from Rs.10,000/- to Rs.1,00,000/- Repayment – From 12 months to maximum… Read More »
Purpose – The loan is offered Purchase of New/Existing House; Repair of House; Construction of House; Extension of House; Purchase a Plot of Land Meant for Construction of a Dwelling Unit. Eligibility – The home loan can be availed by any individual singly or jointly, who is residing or gainfully engaged in area of operation… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. The bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative Bank is a… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. . Vikas Souharda Cooperative Bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative… Read More »
Vikas Bank is a Cooperative registered under Karnataka Souhara Act 1997. It is licensed under Reserve Bank of India to do the business of Banking. . Vikas Souharda Cooperative Bank believes in positive lending. The bank has various loan schemes like home loan, vehicle loan, personal loan, business loan, gold loan etc. Vikas Souharda Cooperative… Read More »
A recent report from the RBI said that the regulator has imposed a penalty of Rs 5 lakh on city-based Kalupur Commercial Co-operative Bank (KCCB) for its non-adherence to mandatory banking rules. Reports said that a penalty of Rs 5 lakh has been imposed on KCCB for violation related to Know Your Customer (KYC) norms,… Read More »
A recent press report said that Punjab National Bank acquired a 30% stake in the Indian arm of the biggest US life insurer MetLife at an undisclosed amount. The bank recently announced a marginal rise of 3.4% in its net profit at Rs 1,105 crore in the first quarter of the current financial year due… Read More »
A recent press report said that Lakshmi Vilas Bank has introduced Visa Debit Gold Card for its premier customers. Mr. Somasundaram, Chief Executive of the bank said that the bank has issued around 3.75 lakh cards. He said that the bank is expecting at least a-third of its card holders to opt for the Visa… Read More »
A recent press report said that IDBI Bank has reported 34 per cent rise in net profit to Rs. 335 crore on higher interest income and interest margin. The bank has planned to restrain credit growth in coming quarters as the lender wants to bring down stressed assets and improve the over all asset quality.… Read More »