Page 28 - Banking Finance AUGUST 2015

PRESS RELEASE

Dena Bank signs General Refinance Agreement with MUDRA

General Refinance Agreement between Dena Bank
and MUDRA Ltd was executed in a function organized
at Head Office of Dena Bank.

The Programme was presided over by Shri Ashwani
Kumar, Chairman & Managing Director, Dena Bank.
Shri Jiji Mammen, Chief Executive Officer, MUDRA Ltd
was the Chief Guest.

Shri Ashwani Kumar in his address emphasised the need
of popularizing MUDRA Loans which has been launched
by Honorable Prime Minister on 8th April 2015 with the
purpose of "Funding the Unfunded". The scheme will
also help in developing new entrepreneurs thereby

creating new avenues for employment.

Shri Ashwani Kumar informed that, the Bank has already sensitized the field functionaries for extending finance under
Shishu, Kishore & Tarun segments of MUDRA Loans.

Dena Bank has been assigned a target of Rs 540 crores by GoI for financing under Pradhan Mantri MUDRA Yojana (PMMY).
It has already started financing under the scheme and upto 15.06.2015 around Rs.50 crores of loan has been extended
to 2650 beneficiaries.

General Refinance Agreement was executed by Shri. K C Chhipa, General Manager, (PS & RRB, Retail & MSME) on
behalf of Dena Bank and Shri Jiji Mammen, CEO, MUDRA Ltd. on behalf of MUDRA Ltd.

The Karur Vysya Bank Ltd. wins
SFBCK 6th Banking Excellence

Award 2014

Karur Vysya Bank has been awarded in 6th Banking
Excellence Awards 2014 constituted by The State Forum of
Bankers' Clubs (Kerala). The bank has been awarded SECOND
BEST BANK OF NATIONAL LEVEL UNDER PRIVATE SECTOR.
Shri. K. Venkataraman, MD & CEO received the award from
Hon'ble Kerala Governor Justice P. Sathasivam.

Jagruti - A Social Venture by | BANKING FINANCE
Oriental Bank

Under the Oriental Bank's ongoing CSR activities,
"Jagruti - A Social Venture by Oriental Bank Family"
donated stationery & other utility items to poor & needy
students of Shrimad Dayanand Vedharsh Mahavidyalya
Nyas, Gautam Nagar, New Delhi. The occasion saw
guests like Smt Padma Chauhan, President-Jagruti,
Swami Pranavanand Saraswati- Founder & Organizer -
Nyas and other members of "Jagruti".

28 | 2015 | AUGUST