The Meghalaya Cooperative Apex Bank Ltd. was incorporated on 16th February, 1971 under the provisions of Meghalaya Cooperative Societies Act and on obtaining the required license from the Reserve Bank of India under the Banking Regulation Act, 1949 (as applicable to Cooperative Societies) it commenced banking business on and from 1st July, 1971. The Bank… Read More »
Purpose – We provide Education Loan for financing professional courses like- Engineering, Medical, Computers (hardware, software), Agriculture, Veterinary, Craft and designing, Management, Cost Accountant, Chartered Accountant, Company Secretary, Aeronautics, Marine Engineering etc. Eligibility – Professional course like engineering, medical, computers (hardware and software) agriculture, veterinary, craft & designing, management cost accountant, chartered accountant, company secretary,… Read More »
Purpose – The loan is offered for traders Margin – 20 % in case of cash credit and term loan Amount of Loan – Maximum Rs.10 Lakh Guarantee – one guarantor of sufficient means and standing, Personal guarantee of all partners or directors as the case may be. Processing Fee – 0.5 % of loan… Read More »
Purpose – To meet the cash requirements of customers having gold jewellery or ornament then you can take loan against such gold jewellery or ornament as security Eligibility – Existing clients having satisfactory Dealings with the bank or other person introduced by our reputed existing client; salaried individual, self employed business or Professional Doctor, CA,… Read More »
Small Business Enterprise Loan to give support to the small business enterprise setup mainly for giving loan to small business enterprise on following terms and conditions . Purpose – The loan is offered for the purchasing equipment, repairing or renovating existing equipment and or acquiring and repairing business premises or for purchasing tools and /… Read More »
According to recent press reports Mr. Sandeep Das has been appointed as Managing Director and Head of Standard Chartered Bank. Reports said that Mr. Das has 20 years of experience with the bank and were earlier General Manager Premium Banking, Consumer Banking. He will be responsible for the private bank’s strategy for growth in India,… Read More »
A recent press report said that the banking sector regulator Reserve Bank of India has imposed a penalty of Rs 100,000 Gandhinagar Nagrik Cooperative Bank Limited, which is located in the Indian state of Gujarat. The Reserve Bank of India had found the bank guilty of allowing interest rebate in loan accounts of directors and… Read More »
A recent press report said that Oriental Bank of Commerce (OBC) has planned to increase its business mix growth of more than 20 per cent during 2011-12. Mr. Nagesh Pydah, Chairman and Managing Director, of the bank said that the bank has planned to open more than 150 branches during the current fiscal in order… Read More »
Purpose – To offer loan to professionals to excel in their field of expertise Eligibility – Professionals like Medical practitioner, chartered accountant, architect, surveyors, construction contractors, management consultant, lawyer, engineer, software professional or person trained in any other profession who holds either a degree or diploma from any institution established, aided, or recognized by govt.… Read More »
Purpose – The scheme provides for financing of various consumer durables and utility articles like Two Wheeler, T.V, Refrigerator, air conditioner, CD/DVD, mobile phone, washing machine, personal computers, furniture etc. Eligibility – Salaried Employees whose monthly income is Rs.5000/- per month (net salary), self employed whose annual income is Rs.100000 per annum Repayment – Two-Wheelers-1yr… Read More »