Ludhiana
Indian Overseas Bank launched its new service, ‘Cash Credit against Jewellery’, at a function held at its regional office in Civil Lines on Monday. The function was presided over by chief regional manager V K Gupta. Speaking on the occasion, he gave details about the newly-launched product which includes credit against jewellery for individuals in small business/trade/professional and the self-employed. Under the scheme, credit from Rs 50,000 up to Rs 10 lakh with no margin and low processing charges is available. The bank also plans to open a new branch at Focal Point, Ludhiana soon. A new ATM machine will also be inaugurated on February 18 at the air force station in Halwara, said Gupta.
Chief manager, Civil Lines branch, A K Chugh along with chief managers Hari Om Grover and R K Bhanot were also present at the function.
