Page 28 - Banking Finance MAY 2017

PRESS RELEASE

HDFC Bank opens first digital branch in Pune

HDFC Bank has recently opened its first digital branch in Pune. Located at Hinjewadi's IT hub in Pune, the branch has a
state-of-the-art lobby with a variety of digital banking platforms to
ensure 24*7 banking for customers.
The digital branch offers Cash Deposit Machine, ATM, Passbook
Printer, Netbanking Tab. At an event organized to mark the occasion,
the digital lobby was inaugurated by Mr. Ravi Narayanan, Country
Head - Branch Banking, HDFC Bank in the presence of senior
representatives of IT companies.
"Today, customers want to conduct banking transactions at their time
and convenience and our objective is to make it possible by offering
an array of digital banking platforms round-the-clock. The digital
branch at Hinjewadi, Pune is part of the Bank's effort to drive
digitization further in this region, in line with the Government's
overall digital push," said Mr. Ravi Narayanan, Country Head - Branch
Banking & Retail Trade Forex, HDFC Bank. In Pune, the Bank has a total of 81 branches and 490 ATMs.

HDFC Bank to improve quality of education for 17,000 students in
government schools

HDFC Bank Ltd., to improve the quality of education for over 17,000 students in government schools across four states
partners up with Magic Bus India Foundation and state governments. The Bank will work with the governments of four
states namely Madhya Pradesh, Chhattisgarh, Rajasthan, and Maharashtra to make a difference in the lives of school
students in these states.
Named 'Project Disha', this initiative is a holistic model of development for students studying in government schools at
remote locations. Through 'Project Disha', HDFC Bank strives to improve delivery of education to make it easier and
interesting for students to grasp concepts of various subjects. In addition, the initiative will build the life skills of students,
particularly their self-belief and resilience to help them imbibe the academic knowledge better.
"Education is one of the core focus areas of the bank's Corporate Social Responsibility. With 'Project Disha,' we want to make
education accessible, effective and bring it in tune with changing times. This one-of-its-kind initiative is a part of the Bank's
sustained endeavour to create a positive impact in the lives of the local populace through its Corporate Social Responsibility
programme," said Mr. Sudesh Jaisinghani, Zonal Head - Madhya Pradesh, HDFC Bank while launching the initiative.
Bank of Maharashtra shareholders

approve Capital infusion of 300

Crore by Government of India

The Extra Ordinary General Meeting of the shareholders of
Bank of Maharashtra held today at Lokmangal, Pune approved
the capital infusion of Rs. 300 Crore by the Government of
India on preferential basis. Accordingly, Bank can now
augment its equity capital by issuing 8,88,88,888 equity shares
of Rs 10/- each at premium of Rs. 23.75. This will enhance
the CET 1 ratio of Capital adequacy by approx. 30 basis points
and take the Government holding in the Bank up from 81.61%
to 82.91%.

28 | 2017 | MAY | BANKING FINANCE

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