CORPORATION BANK UNVEILS LOAN SCHEME FOR CHARTERED ACCOUNTANTS

Corporation Bank has signed a memorandum of understanding with the Institute of Chartered Accountants of India (ICAI) to offer a specially designed scheme – Corp CA – to chartered accountants.

A bank release said that the scheme will cater to the various financial needs of CAs. Through the scheme, eligible CAs can avail themselves of finance for construction of office premises, to finance cost of furniture and fixture, fittings of office equipment, computers and other accessories, to finance working capital, etc. The scheme is also specially designed to take care of the needs of freshers (CAs with experience below three years).

               

Mr Ramnath Pradeep, Chairman and Managing Director of Corporation Bank, and Mr Amarjit Chopra, President of ICAI, signed the MoU.

Mr Vinod Rai, Comptroller and Auditor-General, Mr Sanjeev Maheshwari, Member of Working Committee of ICAI, and Mr Asit Pal, Executive Director of Corporation Bank, were present on the occasion.

SOURCE: http://www.thehindubusinessline.com/2010/10/14/stories/2010101452910600.htm