Page 30 - Banking Finance October 2015

PRESS RELEASE

Vijaya Bank launches Hindi
Website

Vijaya Bank, a Prime Nationalised Bank launched Hindi
website. The website was launched on the occasion of Hindi
Day Celebration by The Joint Secretary, Govt. Of India, Ministry
of Home Affairs, Smt. Poonam Juneja in presence of Executive
Director of Bank Sri. K R Shenoy and Guest of Honour Sri
Harendra Kumar, Director, Ministry of Home Affairs. On the
occasion executive Director Mr . K R Shenoy released a book
" Vivida" . Smt Juneja appreciated Vijaya Bank for their path
breaking initiatives in promoting technology with Hindi.

Bank of Maharashtra Launches MUDRA CARD

Bank of Maharashtra, a leading Public Sector Bank today
launched "MUDRA Card" for Micro and Small entrepreneurs
to meet their credit requirement. The MUDRA Card was
launched by Shri. S. Muhnot, CMD on the occasion of Bank's
81st Foundation Day Celebrations.

MUDRA Card issued as a Rupay Debit Card is hassle free
flexible Credit Product that meets in working capital needs
of Micro and Small Entrepreneurs and Cash can be
withdrawn from any ATM or purchase from Merchandise
using POS machine.

Hon'ble Prime Minister has launched MUDRA Scheme with

aim to fulfill Micro/Small entrepreneurs engaged in all non- Shri.R.H.Phadnis, GM(1st from left), Shri. N.V.Pujari, GM(2nd
farm sector income generating activities such as from left), Shri. Rajkiran Bhoir, GM(3rd from left) and Shri.
manufacturing, trading and services whose credit needs are V. Mhaske, DGM(4th from left) are also seen in the picture.
up to Rs. 10 Lakh. Bank of Maharashtra is offering MUDRA

loans at competitive rates @ Base Rate and no processing charges are levied for the loans up to Rs 5.00 lakh.

LIQUOR FIRMS IN TRADE MARK BATTLE

The Delhi High Court had earlier dismissed two appeals involving the trade mark and copyright of popular whisky
brands and confirmed the injunctions against them. Allied Blenders & Distillers produces and markets whisky with the
trade mark 'Officers Choice'. It objected to two rival companies using similar words for their whisky.

Sentini Bio Products used 'Officers Special', while the other company, Shree Nath Heritage Liquour Ltd used 'Collec-
tors Choice'. Allied argued that the choice of words is likely to confuse the consumers, especially when the products
are sold through the same vendors.

The rivals argued that the words employed are common dictionary words on which there could be no copyright.
Rejecting their argument, the high court confirmed the injunction against them. The judgment noted that there was
stark similarities in the colour and design of the products. The whole attire was likely to confuse the buyers who may
not be discriminating "especially when it is likely that he consumes one subsequent to the other and after some time,
he or she may even confuse the experience associated with them," the judgment said.

30 | 2015 | OCTOBER | BANKING FINANCE

Copyright@ The Insurance Times. 09883398055 / 09883380339