Indian
Bank generates business worth Rs120 crore at global property
and home loan fair
Our
Banking Bureau
31 August 2004
Indian
Bank sanctioned loan worth Rs120 crore to over 626 visitors
in three days at the recently concluded Global property
and Home Loan Fair at Pragati Maidan in New Delhi.
The
housing segment of the bank contributes over Rs250 crore
towards its total business volume. Of the total business
generated by Indian Bank at the fair, Rs.63.72 crore
resulted from home loans. All branches of the bank in
Northern India were roped in to ensure prompt and world-class
service to the homebuyers. Educational loans, 'IN mortgage',
'my own shop', 'car loans' and 'trade finance' were
the other loan options availed by customers. All participants
at the property fair were pre-approved for loans from
Indian Bank.
According
to the organiser, DK Jain, "The global fair was
a major success and was an innovative means to reach
out to customers. It was directed towards encouraging
greater transparency and healthy competition among with
free flow of information on all aspects from the purchase
to the sale of property."
Top
builders from the country including participated at
the global fair. The properties on display included
independent houses, 
bungalows,
independent floors, builder flats, apartments, shopping
malls, cine-multiplexes, showrooms and office spaces.
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