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 »
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 International Monetary Fund (IMF) has reported that the Reserve Bank of India’s policy to increase the interest rate is to control inflation is a correct action. The IMF had stated this in its report produced during the Credit Policy Review Meeting. Reports said that in developing countries such as… Read More »
A recent press report said that Corporation Bank has not seen any rise in delinquency, despite the rising interest rate regime. Reports said that on of the bank official has said that the bank has not seen any rise in defaults in the recent time, in spite of the rate hikes by the central bank.… Read More »
According to a recent press report Mr. Nagesh Pydah, Chairman and Managing Director, Oriental Bank of Commerce has said that the bank is expecting a 20 per cent growth in its bottom line this fiscal with higher credit growth and enhanced focus on average interest bearing assets. He also said that the 20 per cent… Read More »
A recent press report said that in order to control the mispricing of risks and the lack of transparency in loan pricing, the RBI has planned to set a group to suggest ways to have a transparent and non-discriminatory regime. The RBI has said that there are many chances of risk mispricing and lack of… Read More »
A recent press report said that the Reserve Bank of India as a part of green initiatives has asked all the financial services companies including non banking financial companies (NBFCs) to gradually stop using cheques and switch over for electronic payment system. The government has suggested various steps for all the units in the financial… Read More »
According to a recent press report, Global banking giant Goldman Sachs has alleged that Indian economy is going to face the downside risk which ensures that Reserve Bank has to lower its projection growth rate from 8 per cent to 7.6 per cent for this fiscal. Goldman Sachs from the Global ECS Asia Research in… Read More »