Media Release
Mangalore, Aug 8: Corporation Bank is organizing a SME Mega Expo on Saturday August 10 at Bhuvanendra Hall, Canara High School (Main), Dongerkery at Kodialbail in Mangalore city between 10 am to 7 pm.
The SME Mega Expo is specially designed for the SMEs. Various stalls on SME Products, Retails Products, Deposits, Alternative Delivery Channels etc. will be positioned at the Expo. Various SME customers of the Bank will also exhibit their products at the expo. Relationship managers and help desk people have been deputed at the stalls to entertain the queries of the visitors and in assisting them.
The Bank has launched “Corp SME Monsoon Bonanza” on SME Credit Schemes offered by the Bank for a limited period till September 30, 2013. The ‘SME Grand Festival Loan Bonanza’ is specially launched for the benefit of the SMEs for the Monsoon season. The various offers are as follows:
a] 0.50% Interest Rate Concession on Applicable Interest Rates.
b] Additional 0.25% Interest Rate Concession to Women Beneficiaries.
c] Additional 0.25% to 0.50% Interest Rate Concession to Rated SME Customers.
d] Additional 0.50% Interest Rate Concession to Accounts Covered under Credit Guarantee Scheme of CGTMSE.
e] 50% Concession on Processing Charges.
The offers are subject to ultimate rate of interest not falling below the base rate.