A recent press report said that Union Bank has framed mid – corporate banking vertical from micro, small and medium enterprises (MSME) banking vertical. This plan has been implemented by focusing on the credit requirements of companies with a turnover ranging from 100 – 500 crore. The bank has carried out restructuring last month and… Read More »
According to a recent press report Mr. R. Karthikeyan General Manager, SBI, has said that by the end of December 2011 the bank along with the Visa International and Elavon has planned to have 25,000 point-of-sale (POS) to expand its network. He said that the bank have a venture plan to open 6lakh POS terminals… Read More »
According to the press report, Reserve Bank of India has said that the non-resident Indians those who are stated in the foreign countries, can maintain the account in the India as a non resident accounts which can be maintained in any type of currency which is fully convertible. RBIs action toward this policy is mainly… Read More »
According to a recent press report Bank of Maharashtra has taken an effort to make the defaulters to repay their Loans. The MAO (Many against One) is the new tactic followed by the bank to recover the loans. Mr. A.S. Bhattacharya, Chairman and Managing Director, of the bank said that there are better results in… Read More »
According to a recent press report, Bank of Maharashtra has taken steps to make borrowers repay their dues. The bank has adapted a new style called “MAO” which means ‘Many against one’. The MAO comprises of staff and official, the role of the MAO is to persuade the borrowers to repay their loans. Reports said… Read More »
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… 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. 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 »