Leading car loan lender, Union Bank of India intends to earmark a corpus of Rs 500 crore to help farmers in Andhra Pradesh. The bank is also targetting the Surat-Ganjam (Orrisa) corridor and the migrant laborers out there. It intends to offer mobile based savings accounts in the region.
Union bank is targeting 32,000 villages which it plans to envelop in the next 3 years. The bank is estimated to add 6.2 million new clients during this period, thus boosting its client base to 10 million.
The bank is also testing offering finance to the associates of Primary Agricultural Cooperative Societies (PACS) in Andhra Pradesh via Co-options Technologies Ltd (COTL).
It has already completed funding for 2 crop seasons. Nair said, “In the next stage, we are extending this to 650 PACS covering around 1.25 lakh farmers with a loan corpus of Rs 500 crore. Fina
Business motion is busyness while momentum is what moves things forward, Martin Zwilling explains in Don’t Confuse Business Motion With Momentum (Startup Professionals Musings). Motion achieves nothing in itself; only motion with momentum is productive.
Now Zwilling is writing of startups, but it seems to me that this is a problem experienced by experienced and beginning small business owners alike. Who hasn’t hit the end of a day or pursued a particular project only to discover that they didn’t actually accomplish anything?
A scary statistic: “Recent research”, writes Zwilling, “indicates that across all business organizations, as much as 50% the work that people do in that stage is just motion not related to their company’s strategies.
I’m out on vacation this week, driving through Oregon down the 101 with my father.
We stopped in a small town called Reedsport to look around in a few shops along the way, and as I entered one establishment noticed a peculiar sign on the door.
The sign itself was not pequliar. The typical “Welcome, Kindly Step In” message at the top was as American as apple pie, which isn’t nearly as good as the blueberry sour cream pie I had in the same town for lunch. What made the sign peculiar was the message below giving the hours of operation.
The sign read, “Hours – 8 or 9 til about 5, 6 or 7, Mon. to Sat.; Sun 11 to 5; When we’re here we’re open. WELCOME!!!”
A bank is eligible to demand additional security when property prices fall. Even if you are loyal on your EMI payments, this clause demands a security cover in addition to your loan amount and if a borrower fails to provide such a security then he/ she may be declared a defaulter by the lender.
Sameer Tiwari, a Pune based mechanical engineer, thought he had made a “prudent decision” by opting for a fixed rate EMI when he took his home loan five years ago from a reputed national bank.
Three years after the date of disbursement, Sameer received a letter, which said it was time for renewal of his loan and that the interest on his fixed home loan had been increased by 0.5 per cent. Though this did not mean a change in the actual EMI he paid, this would however reflect first on his loan tenure, which would be increased to accommodate the interest change. On
We stopped in a small town called Reedsport to look around in a few shops along the way, and as I entered one establishment noticed a peculiar sign on the door.