Page 24 - Banking Finance August 2017

PRESS RELEASE

Dr. M Ravi Kanth, CMD, HUDCO, inaugurated the Vijaya Bank's

Branch Managers Meet of NCR Region

Dr. M Ravi Kanth, CMD, HUDCO, inaugurated the Vijaya
Bank's Branch Managers Meet of NCR Region, to ensure
speedy disbursal of credit under the Pradhan Mantri Awas
Yojana - (Urban) aimed at providing 'Housing for All by
2022.' Dr. Ravi Kanth stressed that all stake holders have
to ensure the success of PMAY-U and Credit Linked Subsidy
Scheme, in which the bankers have a crucial role to play.
CMD, HUDCO assured of providing Information Education
Communication (IEC) Material and imparting training to
field level officers of Vijaya Bank across the country. Shri
Sidheshwar Patra, General Manager & Regional Head
Vijaya Bank was also present, and assured cooperation in
this endeavor.

State Bank of India, Jaipur celebrates Bank's Foundation day

State Bank of India, Administrative and Business Unit, Jaipur has celebrated Bank's Foundation day on 1st July. Various
programs were organized by the Bank on this occasion. Starting with lightning of the lamp by Chief General Manager
Shri Vijuy Ronjan, he invited all the staff members to take the Bank to a new height by providing their best customer
service & enabling customers on digital platform. A medical and health checkup camp was also organized at A&BU
Jaipur building. Further 'Disha Foundation' a social organization involved in rehabilitation of multiple disorders was
recognized for service towards society and was given a cheque of Rs. 3,91,500/- under CSR activity by the Bank.

A cultural program was also organized at 'Deep Smriti Auditorium" Mansarovar Jaipur in which noted poet Shri Surendra
Sharma, Comedian Shri Shambhu Shikhar, Singer Ravindra Upadhyaya and Dancers have given their best performance.
Bank has felicitated few staff and their family members for their contribution to various fields outside Bank. CGM Shri
Vijuy Ronjan alongwith General Managers Shri S. Sali, Shri A.K. Choudhary, Dy. General Managers and Staff members
with their families were present during the function.

HUDCO posts 51.80% growth in PAT

HUDCO's Quarterly results for the Quarter ended 30th June, 2017 reflect excellent performance on QoQ Basis. HUDCO
has posted 51.80% growth in Profit After Tax (PAT) in comparison with corresponding quarter ended June, 2016. HUDCO
sanctions increased by 100% on QoQ Basis and in the same period disbursements increased by 38% on QoQ Basis.
HUDCO is one of the Central Nodal Agencies (CNA) to channelize the subsidy under the Pradhan Mantri Awas Yojana's
Credit Linked Subsidy Scheme (CLSS) and is making sincere efforts in 'Reaching the Unreached'. HUDCO as a 47 years
old CPSE has always been an integral part of Govt of India's actionable programmes & policies pertaining to housing and
urban infrastructure. HUDCO has financed various prestigious projects such as Cochin International Airport, National
Games Village - Imphal, Bangalore Metro Rail, etc.
HUDCO is also extending financial assistance for flagship schemes of many State Govts. like Safe Drinking Water Project
'Mission Bhagirathi' and 'Two Bed Room Housing' of Govt. of Telangana and Affordable Housing Project of Govt. of Andhra
Pradesh.

During April - June Quarter, HUDCO has sanctioned loans to various housing projects to Uttar Pradesh, under Pradhan
Mantri Awas Yojana (Urban) & Pradhan Mantri Awas Yojana (Gramin) besides, Urban Infrastructure Schemes for
improvement of roads and construction of bridges.

24 | 2017 | AUGUST | BANKING FINANCE

Sashi Publications Pvt Ltd Call 8443808873/ 8232083010