Financial Daily from THE HINDU group of publications
Tuesday, Feb 15, 2005
Financial Daily from THE HINDU group of publications Tuesday, Feb 15, 2005 |
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Money & Banking
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Private Banks TMB loan mela Our Correspondent
Madurai , Feb. 14 TAMILNAD Mercantile Bank sanctioned Rs 8 crore at a spot sanction camp held at Pavoorchatram recently, "as part of an aggressive marketing strategy." The loans, totalling 235, included 38 tractor loans, 56 kisan credit cards, five PMRY loans, three agri land development loans, five SSI loans, 46 trader loans, 10 two-wheeler loans, four doctor loans, 20 home loans, 10 car loans and 35 personal loans. According to the TMB Deputy General Manager, Mr Selvan Rajadurai, the bank has been conducting loan melas mostly in rural and semi-urban areas with thrust on agriculture and allied activities, small-scale industries and retail loans. During the current financial year, the bank sanctioned Rs 87 crore, registering a 33-per cent growth.
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