A recent press report said that Kolkata-based United Bank of India has just sanctioned Rs. 100-crore loan to Bandhan Financial Services, the country’s fourth-largest microfinance institution (MFI) by assets. Reports said that it is the largest loan offered to an MFI after banks virtually stopped lending to such firms after an October 2010 ordinance by… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
Krishna Grameena Bank (KGB) is a Regional Rural Bank established in terms of provisions of Regional Rural Banks Act 1976 & is sponsored by State Bank of India. The shareholders of the Bank are Government of India (50%), State Bank of India (35%) and Government of Karnataka (15 %). The Bank is established on 01-12-1978.… Read More »
A recent press report said that the RBI has cautioned banks not to issue demand drafts of Rs 50,000 and above on deposit of cash. The central bank said that any such disobedience of instructions will be viewed seriously. Reports said that the RBI has come across cases where few banks had issued demand drafts… Read More »
Purpose – General purpose loan Type of loan – Term loan or Current account overdrafts Eligibility – Employees/ Professionals/ Self-employed/ Agriculturists including those engaged in allied activities and other individuals in the age group of 21 to 55 years Income Criteria: a) Minimum net monthly income of Rs. 6.000/- for salaried people b)… Read More »
The bank was formed by amalgamation, on the 31st March 2006, of the five banks, sponsored by SBI, to participate more energetically, with synergy, in the uplift and development of Rural Farm Sector and Rural Non-Farm Sector, with emphasis on the deprived, the Rural Poor, Rural ISB and Rural Crafts. The bank offers home loan,… Read More »
As per a recent press report the banks in India are now willing to sanction more personal loan than before. According to the report, an IT professional said that he was sanctioned a personal loan in no time last week after he responded to a SMS offering the loan, this sums up the positive shift… Read More »
The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Ltd., Surat is rightly bracketed as one of the leading and top-most co-operative banks of the city. It offers home loan, personal loan, vehicle… Read More »
The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Ltd., Surat is rightly bracketed as one of the leading and top-most co-op. banks of the city. It offers home loan, personal loan, vehicle… Read More »