NEWS & ADVICE : PERSONAL LOAN
First mobile ATM in Kerala by CSB in February
By Vaibhav Aggarwal
Jan 11, 2008
Print    Email    RSS   

Chennai: By February end, Catholic Syrian Bank (CSB), a premier private sector bank in the area will launch its first mobile ATM at Thrissur in Kerala. This was stated by the Chairman and CEO of CSB, Mr. R Venkataraman on Thursday.

CSB, which is headquartered at Thrissur, Kerala had earlier applied to RBI for opening mobile ATMs and got licenses open seven such ATMs in South India. The mobile ATMs will soon be opened at Chennai, Thiruvananthapuram and Coimbatore in addition to Thrissur. Once the police permission is through, other things will fall in place and by June, all the seven mobile ATMs will be rolled out," he added.

The chairman also announced that Sun Microsystems, a Bangalore based software company was chosen by CSB to implement Core Banking Solutions (CBS) across its network. This will help initiate a network with centralized operations and bring the benefits of latest information technology to its customers. CSB has presently a network of 356 branches, mostly located in the Southern part of the country. Venkatraman said that the entire network will be integrated with CBS by August end.

CSB has also introduced a new Gold loan scheme called the 'Kanakashree', which provides finances upto Rs. 700 per gram of gold. Hallmarked gold gets a special rate of Rs. 725 per gram of gold. This scheme is available for general customers and as a agricultural loan. For general customers loan obtained against Hallmark gold is offered at an interest rate of 12 percent for 1 year. Loans for other types of gold and over 1 year duration are available at an interest rate of 13 percent. Agricultural gold loans by CSB are available at an attractive interest rate of 7 percent.


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Guidelines to apply for NRI Personal Loans
LAP or personal loan: Which one to choose?
Loan against Securities: A viable...
What to look for while taking a personal loan
Loans to assist people with bad credit scores


ChAnDiGaRh escort service O9501441602CaℒL Giℛℒ...
ChAnDiGaRh escort service O9501441602CaℒL Giℛℒ...
ChAnDiGaRh escort service O9872814230CaℒL Giℛℒ...
DuDe @~09780560514~@ Call GiRl In ludhiana EsCoRts...
i want to get my credit report what should i do?
My loan was rejected and my name was added to civil...

NEWS THIS WEEK
E-mandate facility launched by Corporation bank Oct 20, 2014
Canara Bank to help enterprenuers through its facilitation centers Oct 16, 2014
Banks have begun to demonstrate for the wage revision Oct 15, 2014
IndusInd bank profit rises up Oct 14, 2014
Bank decided to withdraw their extra cooperation until IBA will attend their demand of wage revision Oct 13, 2014
News Archive