NEWS & ADVICE : PERSONAL LOAN
PSU banks helping upcoming Bank – Bandhan
By Vaibhav Aggarwal
Jul 11, 2014
Print    Email    RSS   

It has been reported that previous month three leading Banks - Bank of India, Vijaya Bank and HSBC, have assisted the new upcoming bank Bandhan with a loan of Rs 700 crore. Bank of India has given Rs 500 crore with an interest of 13.80%, Vijaya bank has given Rs 50 crore with an interest of 14.50 and HSBC provided a loan of Rs 150 crore.

Bandhan got the approval in April from the apex bank to work as the bank, with in a period of 18 months Bandhan has to establish fully fledge banks with proper infrastructure. The company requires financial help and hiring of the new people to establish full fledge branches. In the ongoing fiscal year 2014/15, the microfinance institution has set a disbursement target of close to Rs 12,000 crore. Sources have stated that more are expected to provide the loans to the Bandhan.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How far can new banking licenses be banked...
Guidelines to apply for NRI Personal Loans
Bankers concerned on RBI loan recovery...
Is the Base Rate system really transparent?
How to decide on a loan for business?


My monthly salary 11000 and i want personal loan...
i want to check my loan balance in canara bank my...
i want to check my loan balance in canara bank my...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive