A recent press report said that UCO Bank plans to increase its business by Rs 1 lakh crore to Rs 3.5 lakh crore by March 2013 by getting existing branches to do more business and by increasing its number of branches. The bank currently has 2,239 branches, and it has planned to increase it by… Read More »
Purpose – Any purpose Eligibility – Salaried, self employed or professional with repaying capacity Margin – 50% (Valuation Rate of Interest – The rate of interest 12.5 %; Interest on monthly reducing balance Duration – 84 months Security – Mortgage of Immovable Property Guarantor – one or two individual… Read More »
Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample funds… Read More »
A recent press report said that IndusInd Bank has entered into a memorandum of understanding (MoU) with the Indian Army in order to provide a whole gamut of banking and wealth management products to all the cadres of the Army. Reports said that IndusInd Bank is the seventh bank to enter into a tie-up with… Read More »
A recent press report said that State Bank of Hyderabad (SBH) has entered into a memorandum of understanding with Heritage Foods India Ltd to extend dairy loans. Ms. Renu Challu, Managing Director, SBH, told the press that the objective of the MoU is to help the poor by providing investment credit in agriculture. She said… Read More »
Purpose – Any purpose Eligibility – The borrower should have N.S.C., K.V.P., Relief Bond etc. Margin – 20% Rate of Interest – The rate of interest is 11% Duration – Till date of maturity of Securities Other Conditions – The applicant borrower must open Saving Bank/Current Account and furnish… Read More »
A recent press report said that Oriental Bank of Commerce reported a 2.37 per cent decline in net profit for the first quarter ended June 30, 2011 at Rs 354.70 crore. Reports said that the decline in profit was due to the increase in the cost of deposits much sharper than the increase in yield… Read More »
The Kottayam District Cooperative Bank Limited No.4309 is the apex body of the PACS in the District. The Bank was registered on 31.07.1958 under the Travancore-Cochin Cooperative Societies Act and has started functioning on 01.09.1958. It is at present functioning under the control of KCS Act 1969 & byelaws, as approved by the RCS. As… Read More »
Purpose – To offer financial assistance for purchase or construction of shop, office or shed Eligibility – Salaried, self employed or professional with repaying capacity Margin – 30% Rate of Interest – 13.5% Duration – 84 months Prepayment Charges – No prepayment charges similar to other personal loan offered by… Read More »
Vijay Co-operative Bank Limited was instituted by Sh. Natwarlal Prabhudas Patel in the year 1963. Its registered office then was situated in Naroda at the Vijay Mills. The prime objective of commencement of Vijay Bank was to work for the less fortunate members of the community by enhancing their economic enterprises and create ample… Read More »