Co-Op Bank Information

Co-op banks seek rate cut to boost farm lending

Normally, Nabard charges 3.5 per cent interest rate for seasonal agriculture loans, which directs funds to primary agricultural credit societies (PACs), which in turn lend roughly at 7 per cent interest rate to farmers. However, in view of the ...

Co-op banks seek rate cut to boost farm lending

Oct 14, 2008
Business Standard, India -
Normally, Nabard charges 3.5 per cent interest rate for seasonal agriculture loans, which directs funds to primary agricultural credit societies (PACs), which in turn lend roughly at 7 per cent interest rate to farmers. However, in view of ...

Nabard declares four co-op banks under OSCB

Monday, September 22, 2008
Business Standard, India -
The outstanding loan amount stood at Rs 44.21 crore with the 19886 self-help groups (SHG) out of which over due was only Rs 2.21 crore, sources added. As many as 5,560 SHGs were linked with the central cooperative bank, Koraput with Rs 8.54 crore, ...

Co-op bank raises crop loan target 53 per cent

Jul 20, 2008
Business Standard, India -
Around 6.5 lakh new farmers would be eligible for fresh loans after the debt waiver scheme. As a result the overall credit to the agriculture and allied activities is set to increase by 40 per cent in FY09. "For 2008-09, the total loan target ...

Co-op bank chiefs in police custody

Thursday, May 29, 2008
Business Standard, India -
The prosecution cited several instances of glaring discrepancies, where unsecured loans were granted by alleged misuse of power. These loans include Rs 5.55 crore advanced to Amanraj Hemani, the chairman of a local company, who is currently behind bars for defrauding the ...

Co-op bank NPAs may rise on loan waiver

Thursday, May 15, 2008
Business Standard, India -
"In anticipation of a similar scheme or the extension of the current scheme, farmers are declining to repay fresh loans due after March 31, 2007. But they fail to understand that they would not be eligible for fresh loans and even if they repay, ...

Co-op Loan

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