Bank Of Maharashtra Announces Closure Of 51 Branches To Cut Costs
Pune (Maharashtra), Oct 3 : Public sector bank, Bank Of Maharashtra (BoM) has announced the closure of 51 branches across the country as part of cost-cutting measures being implemented in the banking industry, an official said on Wednesday.
All the branches were in urban centres and have been identified for the action as they were declared nonviable and were incurring huge losses, said the official of the Pune-headquartered bank.
Declining to be identified, the senior bank official said that these 51 units have been closed down and merged with neighbouring branches.
This is the first such measure initiated by any PSB in Maharashtra. The BoM has around 1,900 branches all over India. In a terse announcement on Monday, the BoM said that it has closed down and merged these 51 branches for public convenience.
The IFSC Code and MICR codes of these branches have also been cancelled and all the savings, current and other bank accounts have been transferred to the branches with which they have been merged.
All customers have been directed to deposit their cheque-books issued from the closed branches with the old IFSC/MICR Codes by November 30, and collect their payment instruments bearing the new branch's IFCS/MICR codes.
The BoM cautioned that since the old IFSC/MICR Codes have been spiked and shall be discontinued permanently from December 31, the customers, henceforth, should conduct all their banking transactions only with the new IFSC/MICR Codes.
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RCB beat MI by 18 runs after batters fire
Mumbai (PTI): Royal Challengers Bengaluru skipper Rajat Patidar, Phil Salt and Virat Kohli blasted half-centuries as the defending champions beat Mumbai Indians by 18 runs in an Indian Premier League match here on Sunday.
Salt (78 off 36 balls) and Kohli (50 off 38 balls) stitched together a 120-run stand for the opening wicket before Patidar scored a rapid 53 off just 20 balls as RCB posted 240 for 4.
In response, Mumbai Indians were restricted to 222 for 5, with RCB spinner Suyash Sharma (2/47) putting the skids on the home side with a double strike in the eighth over, from which they could not recover.
Sherfane Rutherford top-scored for MI with an unbeaten 71 off 31 balls.
While opener Rohit Sharma appeared to be struggling with a hamstring issue and had to retire hurt on 19, his partner Ryan Rickelton made 37, while Suryakumar Yadav (33) and Hardik Pandya (40) were the other contributors for MI.
Brief scores:
Royal Challengers Bengaluru 240 for 4 in 20 overs (Phil Salt 78, Virat Kohli 50, Rajat Patidar 53, Tim David 35 not out).
Mumbai Indians: 222 for 5 in 20 overs (Sherfane Rutherford 71 not out, Ryan Rickelton 37, Hardik Pandya 40; Suyash Sharma 2/47).
