Categories: Banking

Canara Bank starts gold loan business vertical

Canara Bank has started a special business vertical dedicated to gold loans. This business vertical for gold loans to meet the financial needs of its customers due to the COVID-19 pandemic. The bank has launched a gold loan campaign till 30th June 2020 with an interest rate as low as 7.85% per annum.

Click Here To Get Test Series For SBI PO 2020

The special gold loan products are designed keeping in mind the challenges faced by the customers The credit can be utilised for different purposes, such as expenses for agriculture and allied activities, business needs, health emergencies and personal needs. The loan facility can be availed of from all designated branches across the country. The loans are payable within a period of one to three years with flexible repayment options.

Important takeaways for all competitive exams:

  • Canara Bank Headquarters: Bangalore, Karnataka.
  • Canara Bank Chairman: T.N. Manoharan.
  • Canara Bank MD and CEO: L.V. Prabhakar.

Find More Banking News Here

Sumit Arora

Recent Posts

Most Polluted City in India by November 2024, Check the List of Top-10

Air pollution in India has reached dangerous levels in 2024, especially in northern cities. Many…

14 hours ago

Valdecy Urquiza Elected New Secretary General of Interpol

Brazilian Federal Police Commissioner Valdecy Urquiza has been elected as the new Secretary General of…

17 hours ago

Harbhajan & Sania Mirza Named Dubai Sports Council Ambassadors

The Dubai Sports Council has appointed four global sports icons as its Sports Ambassadors, including…

17 hours ago

World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence 2024

World Day for the Prevention of and Healing from Child Sexual Exploitation, Abuse, and Violence…

17 hours ago

Top-10 Most Common Phobias in the World, Check the List

Phobias are strong, irrational fears of specific objects, places, or situations that can make life…

17 hours ago

World Antimicrobial Resistance Awareness Week (WAAW), 18-24 November

World AMR Awareness Week (WAAW) is an annual global campaign observed from 18-24 November. Its…

17 hours ago