EDB launches ‘loan against gold’

GK NEWS NETWORK

Jammu, July 10: Ellaquai Dehati Bank, a regional rural bank sponsored by the State Bank of India, today launched “loan against gold” scheme in Jammu. 
Launching the scheme at EDB Lower Roop Nagar branch, here, A K Razdan, Chairman of the Bank said Jammu was the “largest” market for the gold in the State and therefore there was a vast potential for gold loan.
 "The gold prices are very volatile and people would like to retain the gold, but at the same time utilize it for productive or consumption purpose," Razdan said.  “The product has been designed to cater to the instant cash needs of the clients so as they are not compelled to sell their gold ornaments,” he said.
 The gold loan facility is ideal for the clients to harness the power of gold by transforming it as a productive asset, he added.

Lastupdate on : Tue, 10 Jul 2012 21:30:00 Makkah time
Lastupdate on : Tue, 10 Jul 2012 18:30:00 GMT
Lastupdate on : Wed, 11 Jul 2012 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

'International’ airport faces petty problems

No AC; 2 gates, 3 conveyer belts cater to 5000 visitors

MUDDASIR ALI

Srinagar, July 10: At the Srinagar Airport, claimed to be international in standards, the Air Conditioning system is lying defunct for past many days in the ongoing heat conditions. This is not the More


  • Srinagar City

Civil society wakes up to skewed bridge mess

Construction environmental disaster, says KCSDS; Asks Govt to stop work forthwith

GK CITY CORRESPONDENT

Srinagar July 10: Breaking silence over the upcoming skewed bridge across Jhelum, civil society Tuesday expressed serious concern over the construction terming it “environmental disaster and attempt at More



  • Jammu

2 of family die, 5 injured in highway mishap

MUHAMMAD TASKEEN

Ramban, July 10: At least two persons died and five others of a family were injured when a Maruti car they were traveling in skidded off the road and plunged into the River Chenab near here early today More


  • Uri

Contractors abandon Govt school constructions at Bimyar

STUDENTS FACE INCONVENIENCE

NAYEEM SHOWKAT KHAN

Bimyar (Uri): Despite passing of seven years, the buildings for the Government High School Bimyar in Baramulla district are yet to be completed. The construction work on the four buildings of the More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions