A recent press report said that the government has asked banks to increase the share of educational loans in total credit portfolio. The loan portfolio of banks includes home loan, personal loan, vehicle loan, business loan, agri loan etc. along with the educational loan. Reports said that due to the pressure from the government, banks… Read More »
A recent press report said that the government is keen to bring down interest rate on bank loans to Self Help Groups (SHGs) and make it on par with that for crop loans. Mr.Jairam Ramesh , Rural Development Minister told the press that said that the government was also moving towards creating a dedicated bank… Read More »
A recent press report said that UCO Bank has planned to ramp up its ATM network to 3,000 machines by end March 2013 from the current level of 681. Reports said that the bank desires to expand its ATM network to 1,500 by the end of the current fiscal. The bank is also expecting its… Read More »
A recent press report said that the Reserve Bank of India has imposed a monetary penalty of Rs.5.00 lakh (Rupees five lakh only) on the Jagruti Co-operative Bank Limited, Belgaum, Karnataka, in exercise of powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS)… Read More »
A recent press report said that IndusInd Bank has posted a 52 per cent rise in net profit for the first quarter ended June 30, 2011. Net profit grew to Rs 180 crore, from Rs 118 crore in the corresponding quarter last year. Mr. Romesh Sobti, Managing Director and CEO, IndusInd Bank, said that the… Read More »
A recent press reports aid that the Karnataka Vikas Grameena Bank (KVG Bank), a Dharwad-based Regional Rural Bank, has decided to plant one lakh trees, with the involvement of school children, by giving incentives and prizes. The scheme has been named ‘Vraksha Laksha Yojana’ was inaugurated jointly by the bank and Rashtrothana Vidya Kendra, Mummigatti… Read More »
A recent press report said that the state-run Bank of Maharashtra has revised its base and lending rates by 0.25 percent each to 10.25 and to 14.50 per cent respectively. Reports said that the base rate of the bank was 10 per cent prior to the revision and its prime lending rate was at 14.25… Read More »
The Greater Bombay Co-operative Bank Limited is commonly known as Greater Bank. It started about over five decades ago on 10th December 1952, when a small group of philanthropists got together to set up the Bank. Though the founders were pursuing interests of their own, they decided to establish the bank with the sole motto… Read More »
Purpose – Bank offers loan to Small Road & Water transport operators for purchase of Taxi, Bus, Truck, auto rickshaw. Eligibility – Persons engaged in transport business or starting transport operators business, Age in between 21 yrs to 60 years, having driving license of taxi/bus/truck/auto rickshaw and plying permit from RTO office or having management… Read More »
Purpose: This loan provides cash credit. Eligibility: Businessmen, individuals doing business, contractorships with not less than 3 years experience, are eligible for this loan. The applicant should be an income tax assessee for at least the last 3 years. Quantum of Loan: The quantum of the loan is decided based on the credibility… Read More »