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Advantages And Disadvantages Of A Bank

788 Words4 Pages

IMPORTANT SCHEMES/ PROJECTS OF THE BANK
Credit Flow to Retail Sector
The Bank is offering retail loans for salaried persons, professionals, businessmen and pensioners for purchase of housing properties/ plots, repair/ renovation of house, purchase of consumer durables, two/four wheeler vehicles, education and loan for other personal needs and so forth. The retail loan portfolio of the bank is `12567.96 Crore.
Mahabank Gold Loan Scheme
Gold ornaments are the traditional and inherited form of savings amongst the people in India. Being one of the most liquid and precious asset, it serves as a dependable and acceptable form of security to raise loans for meeting immediate financial needs for business, agricultural, consumption purposes such as marriage, medical, educational expenses and so on. The People of India borrow money by pledging Gold Ornaments on very high rate of interest. To tap the possible of gold loans as a profitable asset and to meet the credit requirement of today’s customers. With an analysis to meet the credit requirement of bank’s customers, the Bank has started a new retail loan product “Mahabank Gold Loan Scheme” w.e.f. 26.09.2014. The total portfolio of Gold Loan of Bank as on 31.03.2016 is ` 31.86 Crore.
Housing loan to public
The Bank has in place Housing Loan Scheme to assemble the wants of all economic segments along with NRIs. Financing housing segment in rural and urban parts of India is a driving force area. The housing loan portfolio of Bank is `

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