Jamshedpur: Bank of India focuses on loan facilities as envisioned in government plans

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Jamshedpur, Aug 19: Addressing a press meeting, Bank of India (BOI) Deputy General Manager (Jharkhand-Chhattisgarh) Subodh Kumar informed that the bank was trying to initiate all possible steps to attain the target of $ 5 million within the ensuing five years.  A detailed discussion on the matter was held over two days with the 103 Branch Managers of Kolhan Division. Kumar said that a report on the result of the discussions would be sent to the bank’s Jharkhand main office.

DGM Subodh Kumar said that certain glitches that were coming in the way of disbursal of loans under various schemes were discussed in the meeting and the participating members put forth their suggestions to eliminate the hitches and facilitate loan disbursal. The road map prepared after detailed discussions during the Branch Managers’ meeting included the bank’s problems and the government’s expectations from the bank.

BOI’s DGM Subodh Kumar said, “All Branch Managers have been directed to provide appropriate loans to stable SSI and MSI units. They have also been instructed to set up special camps for implementation of Atal Pension Yojna.”

The bank’s Regional Manager Amit Kumar Khan and DRM Sukanto Kumar Mohanty were also present during the press meeting. They said that special attention was being paid to loans for farmers, SHGs, education, Stand Up India and Mudra schemes.

DGM Subodh Kumar said that prime focus during the BMs’ meeting was laid on ways of providing loans to the various sectors of the economy to bring in innovative methods through the benefits of analytics with improved IT contents. “The basic target is to make the bank citizen oriented and provide banking services including loans and advances especially to senior citizens, farmers, small traders and manufacturers, youth and women.”

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