Bank of Maharashtra Conducts strategic meets in Bengaluru
Bengaluru: Bank of Maharashtra a premier public sector bank in the country, is making strategic meets with various key departments and stakeholders of Karnataka state, to leverage its services through its wide network of Branches in the state. Executive Director Shri. A.B.Vijayakumar, Bank of Maharashtra led the strategic meets with Top Government Officials of the state spearheading various key departments. Shri.Y Srinivas, Zonal Manager &Deputy General Manager, Bank of Maharashtra, Bengaluru Zone along with Bank’s team were also part of the meet.
Later, the Bank organised Financial Inclusion Outreach program in Bengaluru to mobilize applications as well as foster financial outreach amongst the unserved and underserved. This event was in line with the activities planned forAKAM(AzadiKaAmritMahotsav) anchor Month. Shri. A.B.Vijayakumar, Executive Director, Bank of Maharashtra presided over the program.
115 Sanction letters of SHG, Mudra, PMSVANidhi were distributed amongst the borrowers. Shri.A.B.Vijayakumar guided the customers on various Govt. schemes, Mudra, SUI, PMJJBY, PMSBY etc. and responded to their queries and doubts. He further explained the benefits of\ digital transactions especially, under PMSVANidhi through which the digitally active vendors could avail the incentive benefit of upto Rs. 1200/year.
Shri Vijayakumar said, “The Financial Inclusion outreach initiative underscores our institution’s unwavering commitment to societal well-being and economic advancement across diverse strata. This concerted effort seeks to foster an environment of equity, resilience, and prosperity. The outcomes of this program thus far have been commendable, motivating us to replicate such outreach programs in various other centres.”
Shri. Vijayakumar shared the performance of the Bank in the recently declared Q1- results, “Bank of Maharashtra has crossed the milestone Rs. 4.20 Trillion business figures in Q1 FY- 24, which indeed is truly noteworthy in Bank’s journey. This historic milestone has been supported thoroughly by Bank’s expansion of footprints across the country and transformation, driven through digitization measures. The Bank has been continuously emerging as the top performing Bank in terms of business growth in FY-21, FY-22 and FY- 23 among the PSBs and the Bank has maintained the momentum in Q1-FY -24 as well with stellar growth of 25% in total business. In terms of asset quality, bank has the lowest GNPA and NNPA at 2.28% & 0.24% respectively, with Banks CD Ratio at 72%. Introduction of various Technology driven asset-monitoring tools has helped bank in scrupulous monitoring of assets. Bank’s Branch network has crossed 2263 and the CASA base is finest among the PSBs indicating Bank’s premium customer service. Bank is riding on very good asset quality with lowest NPA amongst PSBs. Bank’s Provision Coverage Ratio has reached at 98.37%.
Shri Vijayakumar, Executive Director, BoM, on the opportunities in Karnataka state stated, “Karnataka being one of the major contributor of the Indian GDP remains in the forefront in our business expansion plan and we shall constantly leverage our Business opportunities here while catering best services to the people of the state. Bank of Maharashtra has a total presence of 74branches in the state and the Bank is planning to open more Branches to strengthen the branch network across the State. We are thankful to the policymakers of the state who are ready to proactively engage with us and giving us the opportunity for serving the people of the state. Bank on its endeavour is adopting various digitization measures to give service to Government. We have tailored our services for our Institutional Customers including Central and State Govt. Departments across country, driven on the back of technology and dedicated cell to cater to their needs.”
Thereafter, Shri. Vijayakumar interacted with all the staffs of the Zone where, he harped upon important business parameters, including Financial Inclusion Products. Staff members candidly shared their experiences, learnings, feedbacks and their suggestions to further strengthen the existing systems and processes.
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Bengaluru rains: Woman killed in wall collapse, opposition tears into Congress over city infra
Bengaluru, May 19 (PTI): A 35-year-old woman was killed in a wall collapse on Monday in this city being battered by heavy downpour, even as the opposition BJP targeted the Congress government over the city's infrastructure in the wake of the rains and resultant civic issues.
Deputy Chief Minister DK Shivakumar said the woes faced by the IT capital during rains was not new, but that the government was now working to fix them with a long-term solution.
The city received about 104 mm of rainfall in the last 24 hours, inundating many low-lying areas and leading to traffic pile-up, prompting the BJP to launch a scathing attack on the ruling Congress.
Former Deputy Chief Minister and MLA of Malleswaram, CN Ashwath Narayan criticised Shivakumar, saying, "Crores spent. Zero results."
Taking to 'X' he said: "Last night's rains didn't expose Bengaluru's infrastructure — they exposed @DKShivakumar's track record of the last two years of doing nothing."
Karnataka BJP General Secretary and MLA of Karkala, Sunil Kumar Karkala hallenged the government on 'X' to release a white paper on how much has actually been spent on Bengaluru's infrastructure in the last two years.
"Visit Silk Board once — you'll see your real contribution," he said.
Speaking at a press conference, BJP spokesperson Ashwath Narayan Gowda said that "despite the weatherman predicting heavy rainfall almost a week ago, there were no efforts made to meet any monsoon-related exigency. The deputy chief minister D K Shivakumar is directly responsible for the rain havoc in the city".
He alleged that the deputy CM kept repeating 'Brand Bengaluru' and in the last assembly session, Greater Bengaluru Governance Bill was passed.
"From Brand Bengaluru to Greater Bengaluru, and now from Greater Bengaluru, it has now become Submerged Bengaluru. This is the achievement of the state government," Gowda charged.
The BJP leader alleged no development work took place in the city in the past two years, which finally culminated in rain havoc.
"Maximum taxes in Karnataka are collected from Bengaluru, but the investment required on the basic infrastructure here is not being done," the party spokesperson said.
Shivakumar, also in charge of Bengaluru, said he was in touch with officials concerned and was "closely monitoring the situation".
In his 'X' post, he said that he is deeply concerned by the havoc caused by relentless rains in Bengaluru.
"I've been in continuous touch with the concerned officers, and I'm closely monitoring the situation. As always, I remain committed to Bengaluru - working round the clock to address challenges and ensure relief. I will be visiting the BBMP War Room and flood-affected areas personally to take stock on the ground."
He agreed that the issues Bengaluru faces are not new.
"Let us be clear: the issues we face today are not new. They have been ignored for years, across governments and administrations. The only difference now is - we are working to solve them. Not with temporary fixes, but with long-term, sustainable solutions," he said further in his post on 'X'.
Shivakumar further reiterated that he stands with Bengalureans.
"To my fellow Bengalureans - I am one among you. I understand your concerns, I share your frustration, and I assure you of my commitment to resolving them. I stand with you," he wrote.
