Vijaya Bank to restructure loan procedure


MANGALORE: Vijaya Bank is planning a loan restructuring for the benefit of micro, small and medium enterprises (MSME) and for those who obtained home loans and who are hit by the steep rise in interest rates and a slowing economy.

Bank chairman and managing director H S Upendra Kamath said that the bank had put forth an option before the customers to reduce their burden of repaying. He was delivering a talk on MSME and general banking issues at the Kanara Chamber of Commerce and Industries (KCCI) hall here on Friday.

 
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