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SBT to organise loan mela

KOCHI: The State Bank of Travancore (SBT) will hold a monsoon loan mela at its 140 branches in Ernakulam, Alappuzha and Idukki districts from June 15 to 27. The bank intends to lend Rs.900 crore during 2009-10 through these branches in personal, agricultural and other segments. Special thrust will be given to sanctioning housing, car loans and agricultural loans, according to a bank release. — Special Correspondent

KOCHI: The Nagarjuna Ayurvedic group has signed a memorandum of understanding with representatives of the South Korean government for setting up ayurveda centres in that country. It will set up a specialty clinic for allergy within two months in Jinan. Earlier, a foreign delegation visited the group’s ayurveda centre at Kalady, a release said. — Special Correspondent

KOCHI: The Marine Drive branch of Union Bank of India launched a savings bank mela on June 8. The bank offers facility to open accounts on simple terms and conditions. Over 1,500 savings bank accounts have already been opened under the scheme. The mela will conclude on June 20, a release issued by the bank said. — Special Correspondent

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