Allahabad Bank launches new schemes
By Our Banking Bureau | 26 Apr 2004
Kolkata: Allahabad Bank has launched a slew of schemes for its customers, which include free personal accident scheme for savings bank depositors maintaining a monthly average balance of Rs 5,000, Gold Card and Silver Card schemes for privileged borrowers who will be charged concessional rates of interest (i.e. below PLR) and Kisan Shakti Yojana under which, farmers with excellent transaction record will be entitled to a loan (including personal loan) up to Rs five lakh at an affordable rate of interest.
While rural schemes in the form of Gramin Vikas Kendra will act as a credit-delivery-cum-consultancy channel, 100 more retail banking boutiques in will come up by March 31, 2005.
Talking
to press persons here on Saturday, the chairman and managing
director, O.N. Singh, said that the bank would leverage
its strength of vast branch network particularly in the
rural and urban areas not only to step up credit delivery
in those areas but also to add to its business and profits.
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