Indian Overseas Bank launches Cash Credit against jewellery scheme

Indian Overseas Bank launched its new service,Cash Credit against Jewellery,at a function held at its regional office in Civil Lines on Monday.

Written by Express News Service
Ludhiana | February 17, 2009 06:00 AM IST

1 min read

Indian Overseas Bank launched its new service,Cash Credit against Jewellery,at a function held at its regional office in Civil Lines on Monday. The function was presided over by chief regional manager V K Gupta. Speaking on the occasion,he gave details about the newly-launched product which includes credit against jewellery for individuals in small business/trade/professional and the self-employed. Under the scheme,credit from Rs 50,000 up to Rs 10 lakh with no margin and low processing charges is available. The bank also plans to open a new branch at Focal Point,Ludhiana soon. A new ATM machine will also be inaugurated on February 18 at the air force station in Halwara,said Gupta.

Chief manager,Civil Lines branch,A K Chugh along with chief managers Hari Om Grover and R K Bhanot were also present at the function.