Canara Bank, a leading nationalized bank, has reportedly unveiled housing loan scheme for farmers and for those who engaged in allied agricultural activities such as diary, poultry, planters and horticulturists having gross annual income of Rs 5 lakh and above. For this new housing loan scheme, the bank offers flexibility in repayment and security. The borrower can repay their loan in maximum of 30 years or up to the age of 65 years, while interest payment can be base upon an individual’s harvest patterns and pay quarterly, half-yearly or annually.
On standalone basis, the bank has posted a rise of 2.17% in its net profit at Rs 792.07 crore for the quarter ended June 30, 2013 as compared to Rs 775.24 crore for the same quarter in the previous year. Total income has increased by 14.65% at Rs 10507.88 crore for quarter under review as compared to Rs 9165.47 crore for the quarter ended June 30, 2012.
On standalone basis, the bank has posted a rise of 2.17% in its net profit at Rs 792.07 crore for the quarter ended June 30, 2013 as compared to Rs 775.24 crore for the same quarter in the previous year. Total income has increased by 14.65% at Rs 10507.88 crore for quarter under review as compared to Rs 9165.47 crore for the quarter ended June 30, 2012.
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