Purpose: For the purchase of new and old cars Eligibility: The borrower should be within 21 – 65 Years of age and must be able to repay the loan Quantum of Loan: 80% on Purchase price (On Road); old car is not more than 3 years on purchased date, loans will be sanctioned 50% on… Read More »
Purpose: For the purpose of construction of purchase of house Eligibility: Salaried/ businessmen/ self-employed capable of repaying the loan are eligible for the housing loan Quantum of Loan: 80% Value of House & Maximum up to Rs.50 Lakhs Rate of Interest: 10.90% Security: Loan would be secured by reg. equitable mortgage of property financed Repayment:… Read More »
Purpose: To construct Purchase hospital building setting up nursing home poly clinics etc. for expansion modernization of existing hospital premises. To purchase medical equipments and furniture Eligibility: Individuals (Qualified registered medical practitioner) Partnership firm Limited Company. In case of partnership firm limited company, either one of the partner’s director’s should be qualified registered Medical practitioner… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. It offers special loan schemes to farmers. Its credit basket includes agricultural loans, loans to farmers, produce loans, priority sector loans, non- priority loans, education… Read More »
Andhra Pragathi Grameena Bank came into existence from 1.06.06 by amalgamating Rayalaseema Grameena Bank, Sri Anantha Grameena Bank and Pinakini Grameena Bank consequent upon the Government of India Notification dt.1.6.06. The Bank is constituted under Regional Rural Banks Act 1976. The Bank is having its Head Office at KADAPA with a jurisdiction of 5 districts… Read More »
According to Mr. Hemant Contractor Managing Director State bank of India will have to weigh the slowdown in credit growth and asset quality pressures before passing on the interest rate hikes by the Reserve Bank of India on the borrowers. Reports said that State Bank of India has launched Vishwa Yatra Foreign Travel Card in… Read More »
Purpose: The loan is granted for the purpose of acquisition of land, site, plot and/or construction of dwelling apartments or office space with an intention to generate income by selling the same and clearing the loan out of such sale proceeds may be classified as Real Estate Advances as follows: Advances to Buildings Advances to… Read More »
A recent press report said that Pravara Sahakari Bank Limited has been penalised by the Reserve Bank of India , in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of directives/guidelines of the Reserve… Read More »