Jalgaon Janata Sahakari Bank Ltd. was established on 20th January, 1979. The Bank attained “Scheduled Bank” status on 29th January, 2000. The bank works with a vision of”Carve the names on the heart of common man instead of carving names on marble”. Bank had all its branches computerized by the year 2000. By the time… Read More »
According to a recent press report Vijaya Bank’s net profits went down 58.5 per cent to Rs 54.23 crore, compared with Rs 130.92 crore in the corresponding quarter of the 2009-10 fiscal due to increase in the employee costs compared to the fourth quarter of the last fiscal. Mr H.S. Upendra Kamath, Chairman and Managing… Read More »
The Scheme aims to provide loan assistance to meritorious students keeping in mind their financial circumstances for pursuit of higher studies in India or Abroad. The loan amount will cover admission fees, tuition fees, examination fees, and cost of books stationery, instruments and equipment, Boarding and mess expenses etc. Unlike other personal loan, students eligible… Read More »
Purpose: This loan is for financing personal needs. (e.g. family holiday tour, medical treatment, education expenses, marriage etc.) or business needs. Eligibility: The applicant of personal loan has to be a minimum of 21 years of age. Repayment: Repayment tenures are up to 60 months. One may prepay the loan with no penalty, or pay… Read More »
Purpose: This loan is for those who are self employed and professionals like Doctors, Lawyers, Teachers, Chartered Accountants, etc. Eligibility: Any professional or self-employed person can avail this loan. Margin: There is a margin of 20%. Rate of Interest: The rate of interest of this personal loan is 10.5% per annum. Repayment: The repayment period… Read More »
Purpose: This loan finances businessmen and industrialists for plant machinery, fixed assets, cash credit, overdraft, working capital term loan, cash purchase cum credit sales, etc. Quantum of loan: The quantum of loan varies with the category to which the loan belongs. Margin: There is a margin of 20% in the amount of personal loan granted.… Read More »
Purpose: This loan finances purchase of consumer items like TV, Washing Machine, Refrigerator, AC, etc. Eligibility: Any salaried individual, professional, businessman or self-employed individual can avail this loan. Margin: Up to a maximum of 70% of the total expenses will be granted as loan. Rate of Interest: The rate of interest is 14% per annum.… Read More »
Purpose: To provide financial assistance for Graduate/Post Graduate professional course in private professional colleges and universities (medical, engineering, management, computer science etc.) Eligibility: Students having consistently good academic record, who have secured admission in College/University against merit or payment seat can avail this loan. The college and the course must be affiliated to the university… Read More »
A recent press report said that Kotak Mahindra Bank has posted a net profit of Rs 249 crore for the quarter ended March 31, 2010, up 23 per cent from Rs 203 crore in the corresponding year-ago period. Reports said that the growth in its profit was due to the higher interest income and lower… Read More »
Mehsana Urban Co-Op Bank Limited was established on 23rd October, 1983, registered under Co Operative Society Act 1961 Registration No. 20052 the RBI License No. DB/UBD GJ 357 P dt. 28/09/1983. The Bank started with one branch at Mehsana with Share Capital of Rs. 15.00 lakhs, made continuous Progress as on 31/03/2010 paid up share… Read More »