Page 23 - Banking Finance July 2017

PRESS RELEASE

HUDCO celebrates Nirjala Ekadashi
Housing & Urban Development Corporation (HUDCO), organised
a community lunch, a 'Bhandara', at the India Habitat Centre
complex, on June 5, 2017 on the occasion of Nirjala Ekadashi.
Dr. M Ravi Kanth, CMD HUDCO, actively participated in the Jal
Vitran and Bhandara distribution along with other senior officials.
HUDCO has been organising this event over the past two
decades.

Prompt Corrective Action (PCA) - Bank of Maharashtra

In view of the high net NPAs (11.76%) as of 31.03.2017, it has been decided by RBI to put Bank of Maharashtra under
Prompt Corrective Action (PCA), which is one of the supervisory tools to ensure sound financial health of the Bank. Its
objective is to facilitate the Bank to take corrective measures to improve its health.
The PCA framework is NOT intended to constrain or restrict Bank's normal operations for the general public. On the
contrary it is intended to encourage banks to conserve capital and augment their operational efficiency.

During 2016-17 Bank has maintained capital adequacy of 11.18%, improved CASA share from 36.6% to 44.89%, posted
healthy rise of 47% in non-interest Income and recorded higher NPA recoveries.
Shri R. P Marathe, MD & CEO of the Bank said that the PCA will in no way impact Bank's existing business operations and
assured that the Bank will rebounce with renewed vigour and vitality.

Digital Banking Lobby at Bank of Baroda Sikanderpur Metro Station
Bank of Baroda in yet another customer centric initiative has become the 1st Public Sector Bank to open a Digital Banking
Lobby at Metro Station (Sikanderpur), Gurugram.
The Digital banking lobby is equipped with high tech infrastructure & offers seamless services at Sikanderpur Metro Station
with various utilities to give overwhelming experience to its customers.
The various banking services include Account Opening Kiosk to facilitate instant account opening and issuance of debit
card with E- KYC, ATM for Cash Withdrawal , Coin Vending Machine to meet up the daily change requirements of customers
& Multi- Functional Kiosk which offers facilities like cheque deposit, mobile recharge, account balance enquiry, mini
statement generation, bill payment, internet banking convenience etc.
In order to give a personal touch, Bank has also placed 2 staff members for assisting the customers resolving their queries/
clarifications & offering other products of Bank.
Shri Ashok Kumar Garg, Executive Director, Bank of Baroda, speaking on the occasion said “Bank has always maintained
its tradition of being pioneer in various branding initiatives. Today when our country is moving towards Digitization,
opening a Digital lobby at Sikanderpur Metro Station is one of the best platforms used by our Bank. We want our customers
to get the maximum benefit out of it”.
Mr. Rakesh Kumar Bhatia, General Manager (Mktg, Corp. Comm. & WMS), Bank of Baroda, speaking on the occasion
said “We have been trying to make the difference whether it is Branding or Banking. Sikanderpur Metro Station is one
of the busiest stations in Gurgaon with an average daily footfall of one lac people. Digital lobby at this station will help
customers to deal with day to day transactions and our 2 officials will also be assisting them for experiencing the “Banking
on the Move”.

BANKING FINANCE | JULY | 2017 | 23

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