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Monthly Banking Awareness PDF: April 2018

Published on Wednesday, May 02, 2018
Banking and Financial Awareness April 2018

SBI Signed MoU with IMGC

  • India’s largest Public sector bank SBI and India Mortgage Guarantee Corporation (IMGC) has signed an agreement to offer mortgage guarantee scheme for planned non-salaried and self-employed home loan clients.
  • The offering will further increase home loan eligibility up to 15 percent within the administrative criteria.
  • India Mortgage Guarantee Corporation (IMGC) is India’s first Mortgage Guarantee Company which facilitates Mortgage Guarantee.

Axis Bank Opens Representative Office in Sharjah

  • Axis Bank, India’s private sector bank, has opened a new representative branch in Sharjah, UAE.
  • It is to offer better in the emirate world and to increase its retail facilities to clients in the neighbouring northern emirates country.
  • This is the third Axis Bank branch in the UAE after Dubai and Abu Dhabi.
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