Vaish Cooperative Adarsh Bank Ltd is an urban cooperative bank that was established in the year 1936. Purpose: This personal loan finances purchase of consumer durables. Eligibility: The annual income of the applicant should not be less than 12 times the monthly installment of the loan. In case of salaried employees, the employers consent to… Read More »
Vaish Cooperative Adarsh Bank Ltd is an urban cooperative bank that was established in the year 1936. Purpose: This personal loan finances purchase of vehicles. Eligibility: The applicant should not be over the age of 55 years. The applicant should have a minimum annual income of Rs. 1 lakh. In case of salaried employees, the… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
A recent press report said that Vijaya Bank has planned to recover its bad debts. Employees irrespective of the cadre can attempt the recovery of bad loans and they would carry an incentive, which will be a percentage of the recovered amount. The bank has doubled its recovery target of bad debts to Rs 1,000… Read More »
According to recent press reports Tamilnad Mercantile Bank has signed an agreement with HDFC Asset Management Company for marketing the its mutual fund products through select authorized branches of the bank. Mr. S. Selvan Rajadurai, TMB’s General Manager, Business Development told the press that the bank has already tied-up with five leading mutual fund companies,… Read More »
Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »
According to a recent press repots loans against bank fixed deposits are gaining traction. As per the data released by the RBI, these loans jumped by about 25 per cent in April 2011, against about 3 per cent in April 2010. The loans against bank deposits went up by Rs 11,966 crore between April 23,… Read More »
A recent press report said that ING Vysya Bank, the private lender has planned to raise funds by issuing up to 28 million equity shares to the promoters and qualified institutional players. The bank has not yet mentioned about the amount that is to be raised from the proposed offers. Reports said that with reference… Read More »
According to recent press reports, Corporation Bank, has launched a new loan-linked savings bank account called ‘Corp Mahila Power’. The scheme was launched by Mr. Ramnath Pradeep, Chairman and Managing Director of the bank, at the 12th Commonwealth-India Small Business Competitiveness Development Program in Bangalore. The release said that ‘Corp Mahila Power’ was designed for… Read More »