Current Affairs - Banking - Discussion

The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) has launched a special gold loan scheme -- Vikas Laghu Suvarna -- with a reduced interest rate of 7.25 per cent. Quoting P Gopi Krishna, Chairman of the bank, a press release said on Friday that the bank has reduced the rate of interest to provide easy and affordable credit to needy customers at a cheaper cost considering the pandemic situation in the country.