Corporation Bank launches festival bonanza for various loans schemes

[email protected] (CD Network)
August 30, 2012

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Mangalore, August 30: The city based Corporation Bank has announced a festival bonanza for various loans schemes of the Bank from September 1 for three month period.

The bonanza is offered for home loans, vehicle loans, NRI home loans, Doctor Plus (finance for medical professionals) and Vyapar schemes (loan for trade and business)

Ajai Kumar, chairman and managing director, who launched the festival bonanza here on Wednesday, said the bank is doing so in challenging times and with sole intention of taking its retail business forward. "It is the retail and small and medium enterprise sectors that will ultimately take the bank and country forward," he said adding this would be the thrust of the bank over the next quarter. "This sector will get some focused attention over next three months," he said.

Corp Home housing loan for construction of house/flats or purchase of ready built house/flat or take-over of housing loans from other Banks/institutions will be under the floating rate of interest for all tenor and for amount up to Rs 50 lakh will be offered at 10.50% per annum. For amount up to Rs 1 crore, loan is offered at 10.75% and for amount above Rs 1 crore is offered at 11.00%. The processing charges are fully waived, Ajai Kumar said.

Rate of interest for Corp Vehicle, vehicle loan for a period of five years is offered at 11.25% and for period of seven years at 11.75%. The processing charges are fully waived. Doctors can obtain finance for setting up of clinics/hospitals/pathology labs and purchase of electro medical equipments under Corp Doctor Plus. Any registered medical practitioner, dentist, physiotherapist or firm managed by doctors can apply. Rate of interest is 12.10%.

Under Corp Vyapar - loan for trade and business, traders/businessmen engaged in buying and selling of goods/commodities either on retail or wholesale business are eligible for the loans. The rate of interest for amount up to Rs 20 lakh is offered at 12.50% and for amount above that at 13.50%. For persons taking both Corp Home and Corp Vehicle Loan together will get an additional concession in the rate of interest on vehicle loan by 0.25%, he said.

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News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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News Network
December 19,2025

Mangaluru: In a decisive move to tackle the city’s deteriorating sanitation infrastructure, the Mangaluru City Corporation (MCC) has announced a massive ₹1,200 crore action plan to overhaul its underground drainage (UGD) network.

The initiative, spearheaded by Deputy Commissioner and MCC Administrator Darshan HV, aims to bridge "missing links" in the current system that have left residents grappling with overflowing sewage and environmental hazards.

The Breaking Point

The announcement follows a high-intensity phone-in session on Thursday, where the DC was flooded with grievances from frustrated citizens. Residents, including Savithri from Yekkur, described a harrowing reality: raw sewage from apartments leaking into stormwater drains, creating a "permanent stink" and turning residential zones into mosquito breeding grounds.

"We are facing immense difficulties due to the stench and the health risks. Local officials have remained silent until now," one resident reported during the session.

The Strategy: A Six-Year Vision

DC Darshan HV confirmed that the proposed plan is not a temporary patch but a comprehensive six-year roadmap designed to accommodate Mangaluru’s projected population growth. Key highlights of the plan include:

•    Infrastructure Expansion: Laying additional pipelines to connect older neighborhoods to the main grid.

•    STP Crackdown: Stricter enforcement of Sewage Treatment Plant (STP) regulations. While new apartments are required to have functional STPs, many older buildings lack them entirely, and several newer units are reportedly non-functional.

•    Budgetary Push: The plan has already been discussed with the district in-charge minister and the Secretary of the Urban Development Department. It is slated for formal presentation in the upcoming state budget.

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News Network
December 7,2025

SHRIMP.jpg

Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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