[STC-Salt Lake] SBI Shoppe

From: "Anup Sen, Salt Lake City, Kolkata" <anupsen@xxxxxxx>
To: E-Group <stcsaltlake@xxxxxxxxxxxxx>
Date: Mon, 03 May 2004 11:53:20 +0530

From : E-Group, STC, Salt Lake, Kolkata
 


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Using Internet Explorer in ATM PC of your branch, please browse 
http://10.128.74.200  (our Intranet Web-Site). 
We have provided lots of Reading Materials for you at the site. Happy browsing!

 

 

Dear Member,

 

Kindly double click on the enclosed attachment to read it.

 

 

With regards,

 

 

 

Anup Sen, Moderator

E-Group, STC, Salt Lake, Kolkata

 

email : stcsaltlake@xxxxxxxx

 

 

We shall be glad to receive your feedbacks through emails regarding the mails 
being sent to you through this e-group.

Title: State Bank of India, Staff Training Centre, Salt lake City, Kolkata

SBI Shoppe

1	Eligibility	v Individuals/ Firms/ Partnerships/ Trusts/ Franchises
2	Purpose	v For purchase of new/ old shops/ establishment/ offices v Modernisation / renovation / face lifting of shops v Expansion/ addition / alteration to shops v Dealer?s showroom under tie-up arrangement with the reputed industries. v Building of Training Centres, Service Centres v Repairs centre/ Garage v Building for Consultant/ Chartered Accountants v All furniture / fixtures / electrical fittings and other accessories required to the showroom/ offices/ shops
3	Type of Facility	v Term Loan
4	Quantum of Advance	v For both SSI and SBF the maximum loan will be Rs.20 Lacs
5	Security	v Hypothecation of assets created out of Bank finance v Mortgage of lease hold property v Any other alternative property equivalent of the loan amount
6	Margin	v 25% in case of new property v 40% in case of old property
7	DSCR	v Minimum DSCR 1.75
8	Repayment	v Repayment of loan will be made between 3 to 7 years excluding moratorium period of 6 months.
9	Take over	v Takeover of limits from other banks is permitted subject to observance of takeover norms laid down by the bank
10	Other Terms	v Viability of the proposal and due diligence is to be done before disbursement v No disbursement before completion of proper documentation/ hypothecation/ creation of charge v All clearances from the local government authorities should be obtained v Opening of Savings Bank Account/ Current Account at the branch is compulsory v Legal opinion on property needs to be obtained v Property on hire purchase from government undertaking need not be financed due to onerous discriminatory clauses v Wherever required, a certificate from Chartered Accountant regarding the completion of project be obtained
11	Benefits to the Bank	v Tapping of quality asset business v Fully securitised asset v Less incidence of depletion of asset

[STC-Salt Lake] SBI Shoppe

SBI Shoppe

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