Corporation Bank will be one of the preferred financiers for development activities of BDA.
It will extend credit limits to BDA for its project to allot 25,000 EWS / MIG houses / sites and past & future projects to citizens. It will sanction loans to applicants for purchase of sites / houses from BDA. The bank will also meet various retail loan requirements of employees of BDA, and develop suitable IT solutions and integrate with BDA Server for all financial activities of BDA.
It will set up kiosks / service counter at BDA to facilitate BDA related banking services and will facilitate collection of taxes / rent or any money payable to BDA at bank’s various branches in Bangalore.
Published 19 October 2010, 15:40 IST