Page 29 - Banking Finance April 2018

PRESS RELEASE

Bank of Baroda honours Mumbai University student

Bank of Baroda under its “Baroda MedhaviSammanYojana” felicitated meritorious students of Mumbai University, who
had secured the highest marks in M.A. (Hindi)
exam during a programme organized, in the
honour of noted poet Muktibodh in the University.
The programme started with the address speech
of Dr. Ratan Kumar Pandey. During the event
Bank’s Deputy General Manager (Official
Language) Dr. JawaharKarnavat handed over cash
prize of Rs. 5000 and certificate to the second
topper of University Mrs. Arti Mishra. The chief
guest of the programme was Dr. Promod Sharma,
Professor & Head, SantTukodiMaharaj University,
Nagpur. Dr. Vishnu Sarvade, Head of the Hindi
Deptt., Mumbai University, was also present on
the occasion.
While addressing the gathering Dr. JawaharKarnavat highlighted the innovative initiatives taken by the Bank in the areas
of Official Language implementation. The keynote address was delivered by Dr. Ratan Kumar Pandey and Dr. Hubnath
Pandey conducted the programme.

ICICI Bank announces launch of ‘InstaOD’, the country’s first online

and instant overdraft facility for MSMEs

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of an instant overdraft facility
for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Christened
‘InstaOD’, this first-ofits-kind offering in the Indian banking industry enables a few lakhs of pre-qualified current account
customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents.

This facility significantly improves customers’ convenience, as they get an overdraft facility upto Rs. 15 lakh for a year
anytime, anywhere, using the bank’s internet and mobile banking app. The application procedure incorporates an additional
level of authentication in order to make the security of the process robust.
ICICI Bank will also offer a facility of instant online sanction of overdraft facility to MSME customers of other banks
shortly.

Bank of Maharashtra pledges to promote ‘Clean India’

The employees of Bank of Maharashtra (BoM) undertook the ‘Swachhata Pledge’ under the guidance of Shri. R.P.
Marathe, MD &CEO, BoM and Executive Directors, Shri. RK Gupta & Shri A.C. Rout.
The leadership team urged the employees to keep the bank and its surroundings clean and also educate the customers
and people living in the vicinity on the importance of cleanliness. The bank is undertaking various innovative initiatives to
make this a success during the Swacchta Pakhwada between January 16-31, 2018, under the government initiative -
‘Swacch Bharat Abhiyaan.

Bank of Maharashtra, one of the leading banks in the state of Maharashtra, plans to create awareness amongst villagers
by visiting one village in the vicinity of branch on a Sunday or any public holiday during the fortnight. The Bank’s employees
will volunteer in carrying out ‘Shramdan’ activities for promoting cleanliness in the village in true spirit.

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