Mangaluru: SBI Home and Car Loan Utsav inaugurated
Mangaluru: Home and Car Loan Utsav of State Bank of India, Mangaluru Centre was launched here at the St Sebastian Platinum Jubilee Hall at Bendoorwell on Sunday.
Akshay Shridhar, IAS, Commissioner of Mangaluru City Corporation inaugurated the fest. He lauded the role played by nationalised banks in general and SBI in particular in nation building by delivering government schemes to people.
"Covid-19 had caused great economic depression. Now we all have to come together to rejuvenate the market. Loan Fests like these will help us achieve it" Akshay added.
Rajesh Gupta, Deputy General Manager(B&O) of SBI said that the bank staff are ready to serve the customers and make their home and vehicles dream come true. He also thanked the Builders and automobile dealers for their enthusiasm in participating in the loan fest. He said SBI will give loans at low interest rate. Dazy Kusur, Senior Officer of the Bank was present. Regional Manager Harishankar NM welcomed the gathering. Manohar proposed the vote of thanks. Geetha Kishor compered the event.
During the inauguration, Anand Fernandes and family and Mohammed Mubeen and family were handed over home and car loan papers respectively.
22 real estate companies and many automobile dealers participated in the fest. SBI is giving on the spot temporary approval for home and car loans. Those applying for loans through YONO app are being given 100% concession on processing fee.
SBI which is the only Indian Bank in fortune 500 companies has 31% market share in home loans sector of India. It is known for offering good interest rate, speedy approval, zero processing fee. These factors have made SBI the most favourite bank for home loans.
SBI is offering home loan at 6.8% and vehicle loans at 7.5% fixed Interest rate for entire duration which is the lowest in market.
Real Estate companies and automobile dealers are offering special discounts at this fest which is an added attraction. Childrens play area and food court is also provided in the fest which is attracting customers in big numbers.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
