BoI holds loan outreach programme in Srinagar; CEO says Valley has vast potential to tap

The BoI is actively considering opening one more branch in the Valley to enter mainstream banking with fully digitised facilities. In addition, BoI is also opening its first branch in Leh in the UT of Ladakh on October 22.

Kashmir Valley has a vast untapped potential for banking business growth that needs to be tapped immediately to pass on the benefits of various banking products to the customers, Bank of India MD and Chief Executive A K Das said here on Wednesday.

Das was speaking at a program where the bank undertook an important initiative to extensively take mainstream banking to the people of the Kashmir Valley by organizing a 'Customer Outreach Programme' here.

The outreach program marked the beginning of a series of similar programs planned across the country during this festive season by the Bank of India, predominantly to take banking to the doorsteps and for the bank to be an active partner in the ongoing economic revival process.

Das interacted with several existing and potential customers.

''The Valley has vast untapped potential for banking business growth, which needs to be tapped immediately to pass on the benefits of the various banking products viz. housing, vehicle, education, agriculture, etc. and other banking schemes like PM SVANidhi, MSME Mudra loan, and social security schemes to the common man,'' he said.

The MD and CEO emphasized that it will not only boost and accelerate the socio-economic growth of the region but will also contribute to uplift the livelihood of the people at large.

He said the bank will continue its efforts to support and provide quality banking facilities to its customers.

Das, in the presence of Field General Manager A K Jain, also distributed sanction letters to several beneficiaries under various loan products/ schemes of the bank. The BoI is actively considering opening one more branch in the Valley to enter mainstream banking with fully digitized facilities. In addition, BoI is also opening its first branch in Leh in the UT of Ladakh on October 22.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)