STATE BANK of Indore Managing Director C Narasimhan will inaugurate the three-day ‘Indore Bank Utsav’ at Abhay Prashal at 4 pm tomorrow. The ‘utsav’ will also be inaugurated at Bhopal Haat, Bhopal at 5.30 pm by Bank Chief General Manager T Padmanabhan.
Besides these two cities, the Utsav will also be inaugurated tomorrow at Khargone, Ratlam, Jabalpur, Gwalior and Raipur. The bank will provide car, education and home loans apart from loans to retail businessmen under one roof at the festival.
The loans will be provided at a discount ranging from 0.25 to 0.5 per cent, and in-principle sanction will be given on the spot. The approval will be valid for 90 days during which a customer can avail the loan after completing formalities.
Businessmen across sections including those dealing in garments, consumer durables, building, interior decoration, automobiles, books and stationery, computers and educational institute among others will participate in the Utsav. The bank also plans to take over loans from other banks if the customer is so inclined.
Different cultural events have also been planned during the three-day fest. The festival will comprise a food zone also and it will remain open from 2 pm to 10 pm on all three days.D Force Communication Private Limited will organise the event.
D Force event manager Basant Panchal stated the festival will comprise of same offers for customers across all seven cities.