Bank Of India organizes loan program in Srinagar


CEO says Valley has vast potential to tap into

Srinagar- The Kashmir Valley has vast untapped potential for banking growth that must be tapped immediately to pass the benefits of various banking products on to customers, Bank of India Managing Director and Managing Director AK Das said on Wednesday.

Das was speaking at a program where the bank undertook a major initiative to widely expand traditional banking services to people in the Kashmir Valley by holding a “customer outreach program” here.

The outreach program marked the start of a series of similar programs planned across the country during this festive period by Bank of India, primarily with the aim of bringing home banking services and for the bank to be a partner. active in the ongoing economic recovery process. .

Das interacted with several existing and potential clients.

“The valley has a vast untapped potential for the growth of banking activities, which must be tapped immediately to pass on the benefits of the various banking products namely housing, vehicles, education, agriculture, etc. and others. banking programs like PM SVANidhi, the MSME Mudra loan and common man social security schemes, ”he said.

The Director General and CEO stressed that this will not only boost and accelerate the socio-economic growth of the region, but will also help improve the livelihoods of the population as a whole.

He said the bank will continue its efforts to support and provide quality banking services to its customers.

Das, in the presence of Field General Manager AK Jain, also distributed sanction letters to several beneficiaries under various loan products / programs of the bank.

The BoI is actively considering opening an additional branch in the valley to enter the traditional banking sector with fully digital facilities. In addition, BoI also opens its first branch in Leh in the UT of Ladakh on October 22.

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