PNB has proposed to set up a Farmers’ Training Centre in South Orissa’s Ganjam district. The FTC would provide training to the farmers on different aspects linked to their profession. Initially 40 farmers would be given training with free lodging and boarding. The proposed FTC would be the 9th in the country. (BS080509)
Banks are considering partially modifying the repayment terms of education loans to help the borrowers because of the economic slowdown which is impacting the job market. The proposal is to increase the moratorium period from one to two years and the repayment period from 5-7 years to 7-10 years. (BL110509)
Under Corp compassion scheme, Corporation Bank has donated Rs 1 lakh to Ramakrishna Mission Seva Pratishthan, a hospital run by Ramakrishna Mission. (BL110509)
Public sector banks have major plans of broadening their ATM network this financial year. With RBI doing away with licensing for opening offsite ATMs, PSBs have geared themselves to expand their reach through ATMs. ATMs help in reducing costs and simultaneously promotes brand building. (BL080509)
Corporation Bank has reduced interest rates on their housing, vehicle, education and personal loans w.e.f.04.05.2009. (BL060509)
Corporation Bank has signed MOU with Karnataka State Organic Farming Mission for promotion of organic farming. Corporation Bank will be nominated as the preferred bank by the Mission for financing farmers and other entities in taking up organic farming. (BL070509)
Updated, 6th May 2009
