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Bank of Baroda unveils National Pilot Agri Loan Factory: Report

24 Jun 2013 Evaluate

Bank of Baroda (BoB), country’s public sector lender has reportedly unveiled its National Pilot Agri Loan Factory at Himatnagar in Gujarat on June 21, 2013. By opening this new factory the bank would give a boost to the State’s agricultural sector. The Agri Loan Factory started off with a sanction of Rs 53 crore in advances to the farm sector. Sanctioned cheques were also distributed to top borrowers. Under this new ‘Loan Factory’ the bank will providing all types of loans related to agriculture under one roof.

Recently, the bank announced that it will be charging home loan for the new and existing customers at the Base Rate of 10.25% per annum across all tenures and for any amount. The single rate of interest for all home loan customers is effective from June 01, 2013.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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