The bank has been granting loans to various
categories of borrowers for various purposes
keeping in view the national objective including
priority sector advances such as :
- Small Scale Industries, Artisans, Professionals,
Transport operators, Business Enterprises,
Housing loans under Kal Housing loan Scheme.
- Loans for consumer durables such as
T.V., Refrigerator.
- Loan for Motor car, two wheeler vehicles.
- Loans to individuals against shares
and debentures/bonds, Govt. Securities.
- Other non-priority sector loans.
- Real estate loans.
- Loans for activities allied to agriculture
for Farm Mechanisation, Poultry, Dairy
etc.
- Guarantees are issued.
- Bank opens Inland Letters of Credit.
- Arrangements made to open Foreign Letters
of credit.
Rate of interest
|
Sr. No.
|
Aggregate Limit of advances
|
|
Advances Rates
|
1.
|
Upto Rs. 2.00 lakhs
|
|
11.00%
|
2.
|
Above Rs. 2 lakhs but less than Rs.
10 lakhs.
|
|
11.50%
|
3.
|
Rs. 10 lakhs and above but less than
Rs. 50 lakhs
|
|
12.00%
|
4.
|
Rs. 50 lakhs and above
|
|
13.00%
|
* Interest rates subject to change without
prior notice.
|