BANK OF INDIA
The opening phase of the bottom-up consultative process designated to generate ideas and review performance of banks and their alignment with national priorities was conducted at the Zonal level on 17th and 18th August 2019 by Bank of India in
Hyderabad. This was also carried out across other zones of the Bank Pan India. In a first of its kind consultation, the
branches were themselves engaged in self-assessment, deliberated on the issues, and evolved ideas on future strategy. The
meet focused on the ways and means to increase credit to various sectors of the economy with greater IT content to bring
about innovation and leverage big data analytics. The idea is to make banking citizen- centric as well as more responsive to
the needs and aspiration of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women.
Shri.C.G Chaitanya ,Executive director , bank of india said ‘This is a first-of-its kind initiative being undertaken by the bank. Several topical themes such as Digital payments, Corporate Governance in PSBs, Credit for MSMEs, Retail, Agriculture, Export Credit, Establishing Financial Grid and Enabling Bank Credit towards a $5 Tn economy were discussed during the meet with a view to Chart out specific road map for public sector banks.’The meet also reviewed the Bank’s contribution to various national priorities in areas such as – Credit support for economic growth, Infrastructure / industry, Farm sector and blue economy, Jal Shakti, MSME sector and MUDRA loans, Education loans, Export credit, Green economy, Swachh Bharat, Financial inclusion and women empowerment, Direct benefit transfers, Less cash/digital economy, ease of living, leveraging local potential.The consultative process has resulted in a renewed sense of involvement and purpose down to the branch level and Bank of India is geared towards implementing the road map for the future, improve its performance, and further align itself to national priorities.
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