NEWS & ADVICE : CAR LOANS
Corporation bank planning to raise its retail loan growth
By Joseph Samson
Feb 6, 2014
Print    Email    RSS   

One of the Public sector lending Banks Corporation bank is planning to hike its Retail Loan portfolio by 25%. An executive of the bank reported that with more user oriented facilities bank will increase its retail loan portfolio within a year.

Managing director of the bank reported that the bank is doing well MSME and agriculture, they are having a growth of more 30% in these areas, but in retail they are having 15%, so they wanted to increase it up to 25%. To accomplish their goal bank is setting up SMSE centers and introducing more user friendly facilities.

Bank is providing lower interest rate i.e. 10.65% on auto loan in comparison to other banks. The interest rate for the home loan of the bank is 10.25%. In addition to this bank is planning to initiate 300 new branches across the country, out of which 150 have already been opened.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #4
A chronicle of excesses by loan recovery...
Tata Nano: How would Bank Loans look
Selecting the appropriate car loan
Used Car Loan Melas in India


CAR LOAN STETMENT
Hello I am looking to renew my car insurance and I...
my loan no

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive