CENTRAL BANK INITIATES GOOD COMMITMENT TO PEOPLE

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Mr.Kannan Chief Manager , G.Ramakrishanan, Chief Manager and N.Stephen at  ASEAN meet in Bengaluru

CENTRAL BANK INITIATES GOOD COMMITMENT TO PEOPLE

Bengaluru. Central Bank started in 1911,was only the first commercial bank of India. India’s first Swadeshi Bank, celebrates its Centenary this year and I would like to, on this occasion, quote the stirring words of our founder, Sir Sorabji Pochkhanawala who said, “The benefits of a good bank are not restricted to the four walls of its banking hall, nor are they limited by the frontiers of its banking business; they transcend far into the realms of commerce and industry and every other branch of economic activity. The value of ‘national banking’ in the promotion of national good is obvious and undeniable. The Central Bank lives on people’s faith. In the past it has received this support in an unstinted measure and it hopes in the future also it would continue to enjoy this confidence on an ever-increasing scale. It regards itself as the ‘People’s Own Bank’ and as in the past, so in the future, it fully entrusts itself to the keeping of its own people.” Our customers are pre-eminent to us and our initiatives such as “C4C” (Centralites for Customers) honours our customers and reaffirms our commitment. The journey has been exciting and invigorating. Born in a small office with just two persons in 1911 and a paid up capital of Rs. 10 lakhs, the Bank has become one of the largest banks in India. As a customer centric bank, it introduced many innovations to make banking easier for its customers such as “The Home Savings Safe” and “A
ladies department”. We were the first bank to take over another bank. We are the only bank to have managed another bank. We employed the first women in the banking sector. We were the first to permit withdrawals by cheques from savings accounts. We set up India’s first safe deposit vault. We introduced cash certificates. The list goes on. Our journey mirrors the growth of banking in India and Central Bank of India has always been at the forefront of change. Today we are the third largest bank in the country in terms of network and the sixth largest bank in terms of size and as we go forth into the next hundred years we rededicate ourselves to our nation and to our customers. Our aim is to build an organisation that grabs the opportunities of change and delight of customers – an organisation that will lead with the banner of people’s confidence
Central Banks gave following schemes people with PERSONAL
Deposit Accounts
Retail Loans
Digital Banking
Cards
CORPORATE
NRI
AGRICULTURE
MSME
PAYMENTS
RuPay Offers new
BILL PAYnew
MUDRA YOJNA
• GST ID/HSN CODE/GST RATES
• Banking Facilities to Senior Citizens/Differently Abled Persons/Visually Impaired Persons
• Cash Management Services
• Bancassurance
• AADHAAR LINKING
• MSME Revival and Rehabilitation application
• Mutual Funds
• Enforcement Agency
• List of Aadhaar Seva Kendra of Central Bank of India
• Depository Services
• RETIREES
Rate Of Interest on Retail Schemes w.e.f 01.01.2017 Sr.No Retail Schemes MCLR % (12 M) Spread 1 Cent Home loan MCLR + 0 2 Cent Home loan Double Plus (OD) MCLR +0 3 Cent Home-3 rd or 4th House MCLR +1.00 5 OD Top up –Existing Home Loan MCLR +1.00 6 Loan to Pensioner MCLR +2.00 7 Cent Swabhimaan MCLR +2.00 8 Cent Swabhiman Plus MCLR +0.50 9 Personal Loan to Teachers MCLR +2.75 10 Cent Personal Loan MCLR +3.00 11 Cent Vehicle -2 Wheeler -4 Wheeler -4 wheeler (old) MCLR MCLR +0.40 +1.50 12 Cent Vidyarthi -Studies India/Abroad -Female/SC/ST/IIT MCLR MCLR +2.00 +1.50 13 Cent Vdyarthi–IIMs / 4Reputed Institution -Male Student without Joint Borrower -With joint borrower /Female/SC/ST MCLR MCLR +0.50 +0.00 14 Cent Vidyarthi -Vacational Training MCLR +1.50 15 Cent Vidyarthi -NCGTC Guaranteed MCLR +2.00 16 Cent Vidyarthi -Executive MBA MCLR +0.50 17 Cent School –HNI Customer MCLR +1.00 18 Personal Gold Loan MCLR +2.00 19 Cent Doctor -Equipment, Ambulance and working capital -Construction of Clinic /Residence cum Clinic MCLR MCLR +2.25 +2.50 20 Cent Mortgage MCLR +2.50 21 Cent Mortgage-Education Institution MCLR +3.50 22 Cent Trade -Internal Rating Based MCLR +1.50 To +3.00 23 Cent Rental MCLR +2.50 24 Future Fees Receivable -Upto 3Years -3 years to 10 years MCLR MCLR +2.00 +2.50 25 Bihar Student Credit Card MCLR +2.00 26 Cent Shop -Based on Repayment Period MCLR +2.25 To +3.00 27 Cent Liquid MCLR +4.00 28 Cent EMD MCLR (6M) +0.00
Proposed Rate of Interest under Agriculture Advance
Segment MCLR applicable Gender Tangible Security Past Track record with us Market Competition Market liquidity (Basis Points)
1 Farm Credit
A.
a. Up to 3 lakh 12 m MCLR 0-10 20-30 30-40 30-50 20 MCLR+(100 to 150)
b. Above Rs. 3.00 lakh to up to Rs. 25 lakh 12 m MCLR 0-10 40-65 40-65 40-80 30 MCLR+(150 to 250)
c. Above Rs. 25 lakh to up to Rs. 100 lakh 12 m MCLR 0-10 45-85 45-85 35-70 50 MCLR+(175 to 300)
Above Rs. 100 lakh as per credit rating
CBI-1 to CBI-3 12 m MCLR 0-10 30-55 30-55 20-35 20 MCLR+(100 to 175)
CBI-4 to CBI-6 12 m MCLR 0-10 40-70 40-70 30-60 40 MCLR+(150 to 250)
CBI-7 to CBI-9 12 m MCLR 0-10 50-95 50-95 40-90 60 MCLR+(200 to 350)
B.
Loans Under Cent Gold and Silver Loan Scheme (Agriculture- Non subvention)
a. Up to 3 lakh 12 m MCLR 0-10 25-30 25-30 20-20 10 MCLR+ (080 to 100)
b. Above Rs. 3.00 lakh to up to Rs. 25 lakh 12 m MCLR 0-10 40-70 40-70 40-70 30 MCLR+(150 to 250)
c. Above Rs. 25 lakh to up to Rs. 1 crore 12 m MCLR 0-10 45-85 45-85 35-70 50 MCLR+(175 to 300)
C.
Loan against Ware house Receipt-Loan up to Rs. 50lakh*
Where services of approved collateral manager are availed
Up to Rs. 10 lakh 12 m MCLR 0-10 25-35 25-35 10-20 0 MCLR+(060 to 100)
Above Rs. 10 lakh & up to Rs. 50 lakh 12 m MCLR 0-10 30-55 30-55 20-35 20 MCLR+(100 to 175)
Collateral Manager Charges wherever applicable @ max up to 0.75% to be recovered additionally . Collateral Manager Charges wherever applicable @ max up to 0.75% to be recovered additionally .
D.
Poultry Advances
Up to Rs. 1 crore 12 m MCLR 0-10 30-60 30-60 20-50 20 MCLR+(050 to 075)
Above Rs. 1 crore
CBI 1 to 3 12 m MCLR 0-10 30-45 30-45 10-20 30 MCLR+(075 to100)
CBI 4 to 6 12 m MCLR 0-10 40-70 40-80 30-50 40 MCLR+(110 to 150)
CBI 7 to 9 12 m MCLR 0-10 50-70 50-95 50-75 50 MCLR+(200 to 300)

2 AGRICULTURE INFRASTRUCTURE
A. Loans for construction of storage facilities (warehouses, market yards, godowns and silos) including cold storage units/cold storage chains designed to store agriculture produce/products,irrespective of their location.
Up to Rs. 100Lakhs 12 m MCLR 0-10 15-30 15-30 20-30 0 MCLR+(050 to 100))
Above Rs. 100 Lakhs & up to Rs. 10000 Lakhs-based on credit rating as under:
CBI 1 to CBI 3 12 m MCLR 0-10 20-30 20-30 20-25 5 MCLR+(065 to 100)
CBI 4 to CBI 6 12 m MCLR 0-10 25-45 25-45 15-30 20 MCLR+(085 to 150)
CBI 7 to CBI 9
B
(1) Soil conservation and watershed development .
(2) Plant tissue culture and agri-biotechnology, seed production, production of bio-pesticides, bio-fertilizer and vermi composting.
Up to 3.00 lakh 12 m MCLR 0-10 30-55 30-55 20-35 20 MCLR+(100 to 175)
Above 3.00 lakh to up to 25 lakh 12 m MCLR 0-10 40-70 40-70 40-70 30 MCLR+(150 to 250)
Above 25 lakh to up to 1.00crore 12 m MCLR 0-10 45-85 45-85 35-70 50 MCLR+(175 to 300)
Above 1.00 crore- As per credit Rating as under:
CBI 1 to CBI 3 12 m MCLR 0-10 30-55 30-55 20-35 20 MCLR+(100 to 175)
CBI 4 to CBI 6 12 m MCLR 0-10 40-70 40-70 30-60 40 MCLR+(150 to 250)
CBI 7 to CBI 9 12 m MCLR 0-10 50-80 50-80 50-80 50 MCLR+(200 to 300)
3 Ancillary Activities:-
A. Loans up to Rs. 5 crore to co-operative societies of farmers for disposal of the produce of members 12 m MCLR 0-10 15-30 15-30 20-30 0 MCLR+(050 to 100)
B. Loans for setting up of Agri-clinics and Agribusiness Centres
Up to Rs. 3 lakh 12 m MCLR 0-10 30-45 30-45 20-30 20 MCLR+(100 to 150)
Above Rs. 3 lakh 12 m MCLR 0-10 50-70 55-70 40-70 30 MCLR+(175 to 250)
C. Loans for Food and Agro-processing up to an aggregate sanctioned limit of Rs.100 crore per borrower from the banking system
1. Up to Rs. 100 Lakh 12 m MCLR 0-10 25-30 25-30 20-25 5 MCLR+(075 to 100)
2. Above Rs.100 lakh as per credit reting and extent of collateral security available
I. Where the collateral security coverage is more than 100% based on realisable vale of security, ROI will be charged at flat rate ( Irrespective of Rating). The concession up to 025 may be allowed by the authority not below the rank of DGM/Zonal Manager. 12 m MCLR 0-10 30-45 30-45 10-20 30 MCLR+(100 to 150)
II. Where the collateral security coverage is between 75% to 100%, the following rates are to be charged:
CBI-1 and CBI-2 12 m MCLR 0-10 10-15 10-15 45-50 10 MCLR+(075 to 100)
CBI-3 and CBI-4 12 m MCLR 0-10 20-25 20-25 40-45 20 MCLR+(100 to 125)
CBI-5 and CBI-6 12 m MCLR 0-10 30-35 30-35 35-40 30 MCLR+(125 to 150)
CBI-7 12 m MCLR 0-10 35-40 35-40 40-45 40 MCLR+(150 to 175)
CBI-8 12 m MCLR 0-10 40-45 40-45 45-50 50 MCLR+(175 to 200)
CBI-9 12 m MCLR 0-10 55-60 55-60 55-60 60 MCLR+(225 to 250)
III. Where the collateral security coverage is between 50% to 75% the following rates are to be charged:
CBI-1 and CBI-2 12 m MCLR 0-10 20-25 20-25 40-45 20 MCLR+(100 to 125)
CBI-3 and CBI-4 12 m MCLR 0-10 30-35 30-35 35-40 30 MCLR+(125 to 150)
CBI-5 and CBI-6 12 m MCLR 0-10 35-40 35-40 40-45 40 MCLR+(150 to 175)
CBI-7 12 m MCLR 0-10 40-45 40-45 45-50 50 MCLR+(175 to 200)
CBI-8 12 m MCLR 0-10 45-50 45-50 50-55 60 MCLR+(200 to 225)
CBI-9 12 m MCLR 0-10 50-55 50-55 55-60 70 MCLR+(225 to250)
IV. Where the collateral security coverage is less than 50% the following rates are to be charged:
CBI-1 and CBI-2 12 m MCLR 0-10 40-45 40-45 40-45 30 MCLR+(150 to 175)
CBI-3 and CBI-4 12 m MCLR 0-10 45-50 45-50 45-50 40 MCLR+(175 to 200)
CBI-5 and CBI-6 12 m MCLR 0-10 50-55 50-55 50-55 50 MCLR+(200 to 225)
CBI-7 12 m MCLR 0-10 55-60 55-60 55-60 60 MCLR+(225 to 250)
CBI-8 12 m MCLR 0-10 60-65 60-65 60-65 70 MCLR+(250 to 275)
CBI-9 12 m MCLR 0-10 65-70 65-70 65-70 80 MCLR+(275 to 300)
D. Bank loans to Primary Agricultural Credit Societies (PACS), Farmers Service Societies(FSS) and Large size Adivasi Multi-Purpose Societies(LAMPS) for on lending to agriculture.
Irrespective of limit 12 m MCLR 0 20-30 20-30 10-40 0 MCLR+(050to 100)
E. Loans sanctioned by banks to MFIs for on-lending to agriculture sector as per the conditions specified in the Annexure.
Up to Rs.100 lakh 12 m MCLR 0 40-50 30-40 50-55 30 MCLR+(150 to 175)
CBI 1 to 3 12 m MCLR 0 45-55 35-45 55-60 40 MCLR+(175 to 200)
CBI 4 to 6 12 m MCLR 0 50-60 40-50 60-65 50 MCLR+(200 to 225)
CBI 7 to 9 12 m MCLR 0 55-65 45-55 65-70 60 MCLR+(225 to 250)

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