Purpose – Any purpose of the customer Eligibility – Any Individual for Agriculture and Non-Agriculture sector Repayment – Repayable within 24 months along with interest compounded quarterly in case of Non-Agree; Loans and compounded yearly in case of AGJL Appraising of Security – Gold ornaments to be taken as security should be appraised appointed by… Read More »
The scheme is for Debt swapping of the FARMERS-“Rushikulya Mahajani Runomukto Jojana”. These loans will be classified as Direct Agricultural Loans- Term Loans. Apart form the Rushikulya Mahajani Runomukto Jojana the bank also offers two wheeler loans, home loan, personal loan, business loan agricultural loans etc. Objective – The Scheme aims at rescuing the Farmers… Read More »
Rushikulya Gramya Bank, the first of three Regional Rural Banks sponsored by Andhra Bank was established on 14th day of February, 1981 under provision of Section 3 of the Regional Rural Bank Act, 1976 with its Head Office at Berhampur (Ganjam), Orissa. As a Scheduled Commercial Bank, it is authorized to conduct all types of banking activities… Read More »
Rushikulya Gramya Bank, the first of three Regional Rural Banks sponsored by Andhra Bank was established on 14th day of February, 1981 under provision of Section 3 of the Regional Rural Bank Act, 1976 with its Head Office at Berhampur (Ganjam), Orissa. As a Scheduled Commercial Bank, it is authorized to conduct all types of banking activities… Read More »
Rushikulya Gramya Bank, the first of three Regional Rural Banks sponsored by Andhra Bank was established on 14th day of February, 1981 under provision of Section 3 of the Regional Rural Bank Act, 1976 with its Head Office at Berhampur (Ganjam), Orissa. As a Scheduled Commercial Bank, it is authorized to conduct all types of banking activities… Read More »
A recent press report said that State Bank of India and ICICI Bank have raised their lending rates, the second time in the last one month. Reports said that SBI has increased its base rate and benchmark prime lending rate (BPLR) by 50 basis points each to 10 per cent from 9.50 per cent and… Read More »
A recent press report said that Indian Overseas Bank (IOB) is negotiating with the Government for capital funding to the tune of Rs. 1,400 crore in the current year. Mr. M. Narendra, Chairman and Managing Director, IOB said that the bank had received capital infusion of Rs 1,054 crore from the Government in March this… Read More »
A recent press report said that Lakshmi Vilas Bank has effected a downward revision in its domestic term deposit rates across select maturity periods, starting August 1. Reports said that the bank sources have maintained that this downward revision in the short-term deposit rates (of one year and below) has been made purely from an… Read More »
According to a recent press report, Mr. Anand Sinha, Deputy Governor, Reserve Bank of India has said that the transaction costs of financial services to the poor are ‘exceedingly large’ in comparison to their revenue generation potential in the short term. Mr. Sinha said the existing banking business model was not able to adequately address… Read More »
The bank offers the loan to farmers to make the small and marginal holdings economically viable, bring fallow lands and waste lands under cultivation, to step up agricultural production and productivity and to finance the share croppers /tenant farmers to purchase land to enable them to increase their income Purpose – The objective of this… Read More »