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Wednesday, Dec 27, 2006

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Allahabad Bank to increase retail credit

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Kolkata , Dec. 26

Allahabad Bank is focussing on the need to increase its retail credit portfolio. In pursuance of this objective, its Kolkata Metro zonal office has organised credit camps at strategic locations, says a press release.

The bank has come out with a bouquet of retail credit products such as car loans, loans against rent receivables, loans against property, saral loans, loans for purchase of jewellery, housing loans and education loans.

A number of credit camps have already been held in areas such as Elgin Road, Garia and New Alipore. A camp was held at Tollygunge today where the bank sanctioned Rs 6.05 crore to 201 beneficiaries, adds the release.

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