NEWS & ADVICE : HOME LOANS
Vijaya Bank aims to do business worth Rs. 800 cr from festive season schemes
By Joseph Samson
Oct 11, 2012
Print    Email    RSS   

Public sector lender Vijaya bank is planning to do business to the tune of Rs. 800 crore from its festival bonanza that is being offered to customers in Chandigarh. The bank's DGM, Mr. Pradeep Naik said that the bank wants to achieve a target of Rs. 500 crore for the deposits segment and Rs. 300 crore from loans and advances from the festival bonanza scheme that it is offering in its Chandigarh region. The scheme will be provided till January, 2013.

The Bangalore based bank has about 62 branches in its Chandigarh region, with the network spread across Haryana, Punjab, Uttarakhand, Himachal Pradesh and Jammu & Kashmir. The bank's total business from the region is about Rs. 5500 crore.

For the festive season scheme, the bank is extending interest rates on fixed deposits at the rate of 9.30 percent and 9.75 percent to the elderly for term deposits of up to 10 crore for 1 year.

In addition to this, it is also providing loans to doctors and schools at the special rate of 12 percent and 12.70 percent respectively for advances up to a crore. The scheme also includes home loans and auto loans at interest rates of 10.50 percent and 11 percent respectively.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
This is how a bank lends money
Home loans: a route to home sweet home
Know About Different Types of Home Loans...
The Home Loan Rate Pendulum
Bankers concerned on RBI loan recovery...


Find the balance amount of principal amount of loan...
PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive