Bank of India, one of the first nationalized banks in India, has undertaken a major initiative to widely expand everyday banking services to residents of the Kashmir Valley by holding a “Customer Awareness Program” in Srinagar on October 6, 2021. This outreach program marked the start of a series of similar programs planned Pan India, during this festive period by Bank of India, mainly with the aim of bringing the bank to the door and for the bank to be an active partner in the process. economic recovery underway.
MD & CEO Shri AK Das, on this occasion, interacted with several existing and potential clients. Field General Manager Shri A. K Jain, General Manager (HR) Shri Ashok Pathak, Zone Manager Shri Vasudev and Branch Manager Shri Zahid Mansoor were also present in the outreach program.
Speaking on the occasion, Shri Das said that the valley has vast untapped potential for the growth of banking business, which needs to be harnessed immediately to pass on the benefits of various banking products, viz. housing, vehicle, education, agriculture, etc. He stressed that not only will this boost and accelerate the socio-economic growth of the region, but will help improve the livelihoods of the population as a whole.
He assured that the bank will continue its efforts to support and provide quality banking facilities to its customers. He also said that 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 is also opening its first branch in LEH in the UT of Ladakh on the 22nd of this month.
Shri Das also distributed sanction letters to several beneficiaries under various bank loan products / programs, viz. housing, vehicle, MSME, CC, Agriculture and PM Svanidhi.
On this occasion, as part of the Bank’s CSR (Corporate Social Responsibility), Shri AKDas presented Photo Copy Machine at the J&K orphanage (Yateemkhana) and tracksuits to the residents’ children.
Bank of India shares were last trading in the BSE at Rs. 56.10 from the previous close of Rs. 57.45. The total number of shares traded during the day was 556,736 in more than 2,188 trades.
The action hit an intraday high of Rs. 58.40 and an intraday low of 55.90. The net turnover during the day was Rs. 31798121.00.