Page 24 - Banking Finance AUGUST 2015

PRESS RELEASE

129th SLBC meeting for West Bengal

United Bank of India Convened 129th SLBC-WB meeting at Kolkata on 27.06.2015 to review the performance of banks
during 2014-15. Dr. Amit Mitra, Hon'ble Finance Minister,
Govt. of West Bengal presided over the meeting in
presence of Shri P. Srinivas, Managing Director & CEO of
United Bank of India and Chairman, SLBC-WB. Shri H.K.
Dwivedi, Principal Secretary, Finance, Dr Ariz Aftab,
Secretary, SHG & SE, Govt. of West Bengal, Shri Sanjay
Arya, Executive Director, United Bank of India, Ms. T.S.
Raji Gain, CGM, NABARD, Shri Manas Dhar, General
Manager, United Bank of India & Convener, SLBC-WB and
other Senior Executives of State Government, RBI,
NABARD and banks attended the meeting.

Dr. Mitra, in his keynote address, appreciated the banks
for improved CD ratio of 68% along with issuance of 17.31
Kisan Credit Cards to Small & Marginal farmers (against target of 10 lacs), credit linkage to fresh SHGs to the tune of
1,14,041 during 2014-15. Dr. Mitra appreciated the banks for increased credit flow to MSME Sectors, Minority Community,
SCs/STs. He requested for opening brick & mortar branches in those Gram Panchayats where there is no bank branch in
the current year. He assured to provide space free of cost at GP offices.

Shri P. Srinivas, informed having an agriculture disbursement under Annual Credit Plan for the FY 2014-15 stood at Rs.23,327
crore, increase of 12.90% over last year. The disbursement to MSE sector at Rs.15046 crore, achieving 92% of target
against ACP is commendable against a credit growth of around 10%. Credit to Minority Community has increased to 18%
against 15.90% as of Mar'14. Banks in the state have opened 1.10 crore accounts with Rupay cards issued to 85% of
them.

In the second phase of Financial Inclusion Plan, banks have enrolled 42.69 lac customers for Prime Minister Suraksha
Bima Yojana (PMSBY) and 13.70 lac customers for Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY) thus totaling 56.39
lakh such cases upto 31.05.2015.

Shri P. Srinivas, MD & CEO of United Bank of India finally urged upon the banking fraternity to facilitate speedy
implementation of economic activities in the State and ensure all round economic development, particularly when the
State is poised to transform its potentialities into realities in terms of prosperity.

Oriental Bank launched Monsoon Bonanza- a Limited Period Offer

Oriental Bank of Commerce launched 'Monsoon Bonanza' scheme for a Limited period. During the Bonanza period, the
bank has waived full Process Fee for Home Loan, Car Loan & Oriental Mortgage Loan Scheme (OMLS). Further the Bank
is offering Car Loan at 10.50% by allowing concession of 0.25%. Additional 0.25% concession for the existing loyal customers
is also available.

21st Annual General Meeting of Oriental Bank of Commerce

The 21st Annual General Meeting of the Shareholders of Oriental Bank of Commerce was held on 26th June, 2015 at PHD
Chamber of Commerce and Industry, PHD House, New Delhi.

Seen in the picture (5th from left) is Shri Animesh Chauhan, MD & CEO, Oriental Bank of Commerce, addressing the
shareholders. Also seen in the picture (L to R) are Sh. CH S S Mallikarjuna Rao, GM & CFO, Shri N J Kotiawala & Shri Paras
Mal Chopda, Directors, Shri Bhupinder Nayyar, ED, Shri Suresh N Patel, ED, Shri Desh Deepak Khetrapal, Shri Ashok
Kumar Sharma, Shri Dinesh Kumar Agrawal, Directors & Shri A.K. Jain, CGM of the Bank.

24 | 2015 | AUGUST | BANKING FINANCE