INDIAN OVERSEA BANK AND DEVELOPMENT CREDIT BANK OF INDIA

Presented By Group 10: Jasmeet Singh (Roll No.57) Vikash Anand (Roll No. 61) Karan Gujral (Roll No. 62) Karma Tenzin (Roll No. 64)

Introduction Established: 1937 Head Quarter: Chennai, India It has a network of about 500 ATMs throughout India. It has 13 branches overseas The Bank operates in four segments: (treasury, corporate/wholesale banking, retail banking and other banking operations)

Introduction It is a private sector banks in India It was started as a Credit Society in the 1930s Head quarter: Kamala Mills Compound, Lower Parel in Central Mumbai The Bank operates in four business segments (treasury, corporate, retail and other banking) The Bank has 112 ATMs 80 branches in India.

Indian Overseas Bank For Senior Citizen Tenure: 5 yrs and above Rate of Interest: 9.75%

Development Credit Bank Ltd

For Senior Citizen Tenure: 5 yrs and above Rate of interest: 8.50% For Others Tenure: 5yrs and above Rate of Interest: 8.00%

For Others Tenure: 5yrs and above Rate of Interest: 9.00%

Interest rate is Better in IOB compare to DCBL

Indian Overseas Bank Quantum of Loan: 80% of the cost of the house Interest Rate :12-15.75% Eligibility (Age):18-60 yrs Tenure: 20 yrs Security : Mortgage Margin : 20% of the estimated cost

Development Credit Bank Ltd Quantum of Loan: 10lac -5 cr. Interest Rate : 10.5% Eligibility (Age):25-65 yrs Tenure: 12-240 months Security : Mortgage Margin : 20% of the estimated cost

In case of Housing Loan DCBL is more efficient because it provide Loan in lower interest rate.

Indian Overseas Bank

Quantum of Loan: 80% against commercial or residential property value Rate of Interest: 8.5014.50% Eligibility: Business man Security : Mortgage

Development Credit Bank Ltd Quantum of Loan: Rs.500,000 to 1,0,000,000 Rate of Interest:14.75% Eligibility: Business man Security :Mortgage

A bank overdraft is a limit on borrowing on a bank current account. So in this case IOB is in better position because they provide loan at low interest

Indian Overseas Bank

Development Credit Bank Ltd

Quantum of Loan Quantum of Loan India: Rs. 25,000- 10lac India: Rs, 5lac @13% @13% Abroad: Rs. 75% of course Abroad: Rs. 1-20lac @15.75% fees @ 15.50% Security : Collateral or Security : Collateral or Guarantor Guarantor Tenure: (India :7yrs, Tenure: (India :3-5 yrs, Abroad:5yrs) Abroad:4yrs) Eligibility : Student Eligibility : Student From the above figure we can say that IOB provide more education loan to the students

Indian Overseas Bank Quantum of Loan: 6 lac Rate of Interest:13.75 Tenure:1-5 yrs Eligibility : Salary and self employed Security : Hypothecation

Development Credit Bank Ltd Quantum of Loan: 1-10 lac Rate of Interest:14.75 Tenure:1-5 yrs Eligibility : Salary and self employed Security : Hypothecation

Both the bank provide vehicle loan but the quantum of loan is more in DCBL but interest rate is bit higher in DCBL

Indian Overseas Bank Quantum of loan: Rs. 50000-3 lac Rate of Interest : 15.75% Eligibility: Salaried Age limit: 55 and below Security : Salary Documents Tenure: 4 yrs

Development Credit Bank Ltd Quantum of loan: Rs. 50000- 10 lac Rate of Interest : 17-25% Eligibility: Salaried Age limit: 28-50 yrs Security : Salary Documents Tenure: 1-5 yrs

From the above figure we could say that the DCBL is not taking more risk because they charge high interest

Indian Overseas Bank Quantum of Loan: Rs. 50000- 10 lac Rate of Interest :1212.50% Eligibility (Age): 20-70 yrs Security : Gold itself Tenure: 5yrs

Development Credit Bank Ltd Quantum of Loan: Rs. 25000- 10 lac Rate of Interest :13-17% Eligibility (Age): 18-75 yrs Security : Gold itself Tenure: 1-3yrs

Indian oversea offer better credit services compared to Development Bank of India.

Indian Overseas Bank Interest rate: 24% per annum Can withdraw cash upto 40% of the limit. Valid: Up to 3 yrs Maximum Credit Limit: 5 lakhs

Development Credit Bank Ltd

Interest free period: 18-48 days Interest rate: 3.4% per month Card validity: 3yrs

Development Credit Indian Overseas Bank Bank Ltd (Life Insurance-IOB Jeevan) Eligibility: should complete 18 The bank is working with 54yrs and have account with Birla Sun Life Insurance the bank. and ICICI Lombard GIC Documents required: (Consent Ltd Letter, authorization, declaration of good health) Double the sum assured. (1 lac life insurance company will pay double amount

THANK YOU ONE AND ALL