Corporation Bank launches Visa Signature Debit Card
Murali Kodancha, an elite customer of Corporation Bank, receiving the first Visa Signature Debit Card from Ramanath Pradeep, CMD, Corporation Bank, flanked by Uttam Nayak, Group He
ad for Asia and Pacific, Visa International, U. Balakrishna Bhat, Chief General Manager, Greater Mumbai Zone, Corporation Bank and CVR Rajendra GM Information Technology Division, Corporation Bank. Corporation Bank has launched a new product with VISA International ” Visa Signature Debit Card”, whose features are unique and customer- friendly. This product is very unique and Vis has launched such high end debit cards only with Corporation Bank tie- up till date. With the launch of this elite Debit Card, customers who hold this card, get an air accidental insurance coverage of Rs 50 lakh free of cost. During the launch period, no charges will be levied to customers till Dec 2011.
M V Nair to chair RBI panel on priority sector
The Reserve Bank of India has constituted a committee on a priority sector under the Chairmanship of M V Nair, CMD, Union Bank of India, to reexamine the classification and suggest revised guidelines with regard to priority sector lending classification and related issues.
According to Nair, it is essential that extension of formal credit is broad- based, timely and adequate. ” We have reached a point where it is important to have a holistic view on the entire gamut of priority sector. Significant efforts have been made by banks over the years in making credit available to the so- called priority segments. However, the ground reality remains that a large section of farmers and micro & small enterprises do not have access to bank finance”.
Bank of Baroda enters into an MoU with TVS Motor Co
J Ramesh, GM ( SME & Wealth Mgmt- 2nd from left) Bank of Bank of Baroda, exchanging MoU with K Srinivasan, VP ( Sales & Service)- TVS Motor Company. The MoU would enable BoB to pool mutual resources and increase financing to eligible customers in line with applicable lending norms and interest rates. The understanding is thus one more step taken by the bank for achieving its commitment to this vital sector.
Bhandary given a fond farewell
Suresh Bhandary being felicitated by Shree Kant Singh, IAS, Chairman MbPT, on his retirement as Dy Secretary, on superannuation on 31.8.2011, in the presence of S. G. Tahiliani, Manager ( HR) and P. Mohanachandran, Secretary. Suresh Bhandary joined MbPT on 14.7.1971 and retired as Dy Secretary, on superannuation on 31.8.2011. He has contributed valuable service for 41 years in MbPT. He has handled many portfolio like recruitment drive, establishment and general matters during his illustrious carrier.
Shri Shiv Kumar Gupta joins PNB as Chief Vigilance Officer
Shiv Kumar Gupta has been appointed in consultation with CVC as Chief Vigilance Officer of Punjab National Bank for three years.
Gupta joined PNB at Delhi on August 26, 2011.
A B Tech, MBA and also a diploma holder in Banking Management, Gupta started banking career in State Bank of India in 1981 as an officer. He has an experience of over 30 years in almost all areas of banking, such as IT, High Value Credit, Retail Banking, Inspection and Training and others. His last assignment was as GM in State Bank of India.
Independence Day celebrations at ICF
Vijay P Meshram, Controller of Stores, Integral Coach Factory ( ICF), Chennai, inspecting a guard of honour presented to him by the Railway Protection Force contingents before unfurling the Tricolour on the I- Day in Chennai. Addressing the gathering, Meshram said, ICF turned out an all- time high record production of 1,503 coaches. He also said that ICF has been sanctioned Rs 250 crore project for manufacturing technologically upgraded coaches of stainless steel shells and high speed bogies.
Vasco- Velankanni Weekly Express flagged off
Goa Chief Minister Digambar Kamat flagging off the speci