Saturday, February 15, 2014

One Time Settlement Scheme for NPAs in agriculture sector by State Bank of Mysore

One Time Settlement Scheme for NPAs in agriculture sector by State Bank of Mysore
With a view to provide impetus to AGRI sector, State Bank of Mysore has (i) drastically reduced the interest on Agricultural loans ranging between 1.00 to 2.75% and (ii) has offered a One Time Settlement Scheme (OTS) scheme for NPAs under agriculture sector.