A recent press report Public sector Syndicate Bank has partnered with MasterCard Worldwide to offer a global debit card. The new card is targeted at the bank’s customers and business enterprises. Reports also said that the bank has entered into a Memorandum of Understanding (MoU) with MasterCard to provide an additional e-payment channel to carry… Read More »
A recent press report said that the banking sector regulator Reserve Bank of India has imposed a penalty of Rs 100,000 Gandhinagar Nagrik Cooperative Bank Limited, which is located in the Indian state of Gujarat. The Reserve Bank of India had found the bank guilty of allowing interest rebate in loan accounts of directors and… Read More »
A recent press report said that5 with the growing interest rates adding pressure on consumer, auto and housing loans, the Rajkot bank has considered to reduce interest rates to as low as 2 per cent on agricultural advances to be offered in the next financial year. Reports said that the Rajkot District Cooperative Bank (RDC)… Read More »
A recent press report said that Oriental Bank of Commerce (OBC) has planned to increase its business mix growth of more than 20 per cent during 2011-12. Mr. Nagesh Pydah, Chairman and Managing Director, of the bank said that the bank has planned to open more than 150 branches during the current fiscal in order… Read More »
Purpose – To offer loan to professionals to excel in their field of expertise Eligibility – Professionals like Medical practitioner, chartered accountant, architect, surveyors, construction contractors, management consultant, lawyer, engineer, software professional or person trained in any other profession who holds either a degree or diploma from any institution established, aided, or recognized by govt.… Read More »
In case you have own property and you need money for your personal or business need you can barrow money against your property under this schemes Purpose – For Personal needs or for business purposes including balance takeover from other banks but nor for speculative purpose. Property as mortgage will be accepted only in the… Read More »
Purpose – The scheme provides for financing of various consumer durables and utility articles like Two Wheeler, T.V, Refrigerator, air conditioner, CD/DVD, mobile phone, washing machine, personal computers, furniture etc. Eligibility – Salaried Employees whose monthly income is Rs.5000/- per month (net salary), self employed whose annual income is Rs.100000 per annum Repayment – Two-Wheelers-1yr… Read More »
Purpose – One guarantor of sufficient means and having net worth of 1.5 times of loan amount (along with proof of net worth). Eligibility – Salaried individual who is a confirmed employee in state or central govt. PSU, companies, private establishment/organization, education institution etc. Minimum net annual income Rs 60000/ and above. Self employed or… Read More »
HCBL-Budget is a unique loan scheme for advance against Fixed or Term Deposit Receipts Purpose – To meet out personal or business need both in form of term loan or overdraft (as applicable) Eligibility – Individual, Professional or Self employed or Businessmen having deposit accounts with Bank. Amount Of Loan – At the discretion of… Read More »
Purpose – To offer housing loan for residential purpose covering construction, addition, purchase, takeover and renovation of house property, building etc Finance for purchase of land is only permissible in case the purchase is for residential use and is constructed within one year. Eligibility – Salaried employee in age of 21 to 65 yr (at… Read More »