Financial Daily from THE HINDU group of publications
Saturday, Mar 23, 2002
Financial Daily from THE HINDU group of publications Saturday, Mar 23, 2002 |
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Money & Banking
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Credit Cards & Debit Cards Canara Bank Laghu Udhyami Card Our Bureau
BANGALORE: Canara Bank has introduced the Laghu Udhyami Credit Card to provide free credit to small borrowers under retail trade, small business, artisans, village and small industries and professionals. A bank release said here that the credit limit on this card would be Rs 2 lakh for meeting working capital requirements. The release added that all borrowers having three years of dealing with the bank would be eligible for the credit card. The release said that it would also work cheaper for the borrowers as they have the liberty to credit their surplus cash and withdraw it later, since interest is charged only on the outstanding portion in the credit card account.
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