Corporation Bank launches festival bonanza for various loans schemes

[email protected] (CD Network)
August 30, 2012

bank

Mangalore, August 30: The city based Corporation Bank has announced a festival bonanza for various loans schemes of the Bank from September 1 for three month period.

The bonanza is offered for home loans, vehicle loans, NRI home loans, Doctor Plus (finance for medical professionals) and Vyapar schemes (loan for trade and business)

Ajai Kumar, chairman and managing director, who launched the festival bonanza here on Wednesday, said the bank is doing so in challenging times and with sole intention of taking its retail business forward. "It is the retail and small and medium enterprise sectors that will ultimately take the bank and country forward," he said adding this would be the thrust of the bank over the next quarter. "This sector will get some focused attention over next three months," he said.

Corp Home housing loan for construction of house/flats or purchase of ready built house/flat or take-over of housing loans from other Banks/institutions will be under the floating rate of interest for all tenor and for amount up to Rs 50 lakh will be offered at 10.50% per annum. For amount up to Rs 1 crore, loan is offered at 10.75% and for amount above Rs 1 crore is offered at 11.00%. The processing charges are fully waived, Ajai Kumar said.

Rate of interest for Corp Vehicle, vehicle loan for a period of five years is offered at 11.25% and for period of seven years at 11.75%. The processing charges are fully waived. Doctors can obtain finance for setting up of clinics/hospitals/pathology labs and purchase of electro medical equipments under Corp Doctor Plus. Any registered medical practitioner, dentist, physiotherapist or firm managed by doctors can apply. Rate of interest is 12.10%.

Under Corp Vyapar - loan for trade and business, traders/businessmen engaged in buying and selling of goods/commodities either on retail or wholesale business are eligible for the loans. The rate of interest for amount up to Rs 20 lakh is offered at 12.50% and for amount above that at 13.50%. For persons taking both Corp Home and Corp Vehicle Loan together will get an additional concession in the rate of interest on vehicle loan by 0.25%, he said.

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News Network
January 29,2020

Hubballi, Jan 29: Thousands of people took part in a protest march against the Citizenship (Amendment) Act (CAA) causing traffic snarl in the city on Tuesday.

Various Dalit organisations had taken part in protest organised under the aegis of the 'Samvidana Samrakshana Samiti'.

KPCC members including MLA Prasad Abbayya, former Minister A.M. Hindasageri and office-bearers also joined the protest.

They congregated first at B.R. Ambedkar Statue near the Head Post Office in Hubballi. Holding flags and banners, the protesters marched from Ambedkar statue to mini Vidhana Soudha covering Lamington Road, Sangolli Rayanna Statue and Kittur Chennamma Circle.

Mr. Abbayya said that despite opposition from various minority communities and progressive organisations, the Union government had not changed its stand. The opposition would continue till the new law was repealed, he said.

He termed the CAA as a draconian law that meted out injustice to not only Muslims but also to Hindus. “Giving citizenship based on documents is highly condemnable. At a time when the country is undergoing an economic slowdown, it is highly condemnable that thousands of crores are being spent to enact the law. The Union government should immediately abolish the new law,” he said.

They submitted a memorandum to the Hubballi tahsildar that was addressed to the President, seeking abolition of the new law. In view of the march, the police had diverted traffic and had made elaborate bandobast.

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News Network
March 1,2020

Mangaluru, Mar 1: A youth lost his life in a lift crash at a wedding hall at Kallapu near Thokkottu on the outskirts of the city today. 

The deceased has been identified as Hamzah (30), a resident near Thumbay, who was part of the catering team hired for the marriage ceremony. 

The tragedy occurred at around 2 p.m. when Hamzah was getting ready to bring utensils and other things by lift from the third floor of the hall. All of a sudden, the lift’s ropes came loose and Hamzah lost his balance and got trapped inside.

He was pulled out and rushed to a hospital in Deralakatte, but he breathed his last on the way. He is survived by his wife and three children.

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Sunday, 1 Mar 2020

Inna lillah.. I think someone with a good computer knowledge under an organisation shud come up with fund raisals so that we can donate in a transparent manner

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News Network
February 21,2020

Thiruvanthapuram, Feb 21: Rape-accused Bishop Franco Mulakkal has been accused of sexual abuse by another nun. Police sources say that there is at least one more nun who has given a statement of sexual assault against the bishop.

This nun is a witness in the rape case registered against Franco Mulakkal. She is the 14th witness in the case and in her statement, she said that the bishop made sexually-colored and lewd remarks to her over the phone.

As per the nun, they were in communication via phone calls, chat and video calls for a period of two years from 2015 to 2017.

In the statement, the nun said that she kept quiet as she was scared of the bishop.

In her witness statement in September 2018, she said that in 2017, the bishop visited the convent she was in and hugged and kissed her.

Police say that the witness was not ready to file a complaint against the bishop. They had alerted the police in the jurisdiction and when the team met her, she refused to file a complaint. Hence a separate case wasn't registered against Bishop Franco

The first nun of Missionaries of Jesus had accused Franco of raping her multiple times at the Kuruvilangadu convent in Kottayam. The FIR in the case was registered in June 2018.

Then after protests, Franco was arrested on September 21, 2018.

The chargesheet in the case was submitted in April 2019. In the chargesheet, Bishop Franco Mullackal has been charged under various sections of the IPC: 342 (wrongful confinement), 376 (2k) (rape on a woman incapable of giving consent), 376 (2n) (causing grievous bodily harm during rape), 376 (c) (a) 377 (unnatural offence) and 506 (1) (criminal intimidation).

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