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Corporation Bank opened a loan centre for small and medium enterprises and a gold loan shoppe at Chandigarh recently.
A bank release said here that Chairman and Managing Director Ajai Kumar launched the centre in the presence of Ashwani Kumar, Executive Director of the bank.
The SME loan centres of the bank are located in Delhi, Hyderabad, Bangalore, Chennai, Coimbatore, Pune, Mumbai, Vadodara, Kolkata, Mangalore, Ludhiana and Chandigarh.
The release said that the gold loan shoppe is an exclusive gold loan counter to provide quick and fast clearance of gold loans to the customers. The bank provides loans to the customers against gold ornaments. The loans will be given at Rs 2,000 a gram if repayable within 12 months, and at Rs1,900 a gram if repayable above 12 months, it added.
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