SRINAGAR, Oct 6: Announcing to open another branch of the Bank of India (BoI) in the Kashmir valley, Managing Director (MD) and Chief Executive Officer (CEO) of the BoI A K Das today said maiden branch of the Bank will start functioning at Leh in Union Territory (UT) of Ladakh from October 22.
He was speaking at “Customer Outreach Programme” organized at Srinagar on Wednesday by the BoI, one of the premier nationalized banks of the country.
This outreach programme marked the beginning of a series of similar programmes planned Pan India, during this festive season by Bank of India, predominantly with a view to take banking to the doorsteps and for the bank to be an active partner in the ongoing economic revival process.
Mr Das, on this occasion, interacted with several existing and potential customers during which field General Manager A K Jain, General Manager (HR) Ashok Pathak, Zonal Manager Vasudev and Branch Manager Zahid Mansoor were also present in the outreach programme.
Speaking on the occasion, Mr Das said that valley has vast untapped potential for banking business growth, which needs to be tapped immediately to pass on the benefits of the various banking products viz. housing, vehicle, education, agriculture etc. and other Banking schemes like PM Svanidhi, MSME Mudra Loan and social security schemes to the common man.
He emphasized that it will not only boost and accelerate the socio-economic growth of the regionbut will contribute to uplift the livelihood of the people at large.
He assured that bank will continue its efforts to support and provide quality banking facilities to its customers. He also said that BoI is actively considering opening of one more branch in the valley to enter mainstream banking with fully digitized facilities.
In addition, BoI is also opening its first branch in Leh on October 22nd. Mr Das also distributed sanction letters to several beneficiaries under various loan products and schemes of the bank viz. housing, vehicle, MSME, CC, Agriculture and PM Svanidhi.
At this occasion under Bank’s CSR (Corporate Social Responsibility) Mr Das presented Photo Copy Machine to the J&K orphanage (Yateemkhana) and track suits to inhabitant children.