“Aryans Times” released by CMD, Bank of India

By Punjabnewswire4u

CHANDIGARH, FEB 19

“Aryans Times”- News Magazine of Chandigarh based Aryans Group of Colleges was released by Mrs. Vijayalakshmi R. Iyer, Chairperson and Managing Director, Bank of India (BOI) at BOI Head Quarter, Sector  31, Chandigarh today. Mr Gauri Shankar, General Manager - North (BOI) was the Guest of Honour. Dr. Anshu Kataria, Chairman, Aryans Group presided over the function. More than 50 top industrialists, academicians and bank employees attended the function.

Speaking on the occasion, Mrs Iyer said that Chandigarh is the Education Capital of the region and this year BOI would be very aggressive in supporting students for higher education. She added that BOI would disburse around Rs.50 crore in Chandigarh zone for Education Loan in 2013. She further said that at the same time, more than 50 branches and 150 ATMs would also be launched in North India in 2013. Mr K.L.Sharma, ZM North (BOI) and Mr A.K.Jain, AGM (BOI) were also present in the function.

Mrs Iyer further added that new innovative products in Education Industry including pre paid cards, Joint MIS with Banks and Colleges, Missed call balance check service, ATMs in colleges, Education Loan Melas would also be introduced.

Dr. Anshu Kataria said that Aryans Times is a platform for the Students, Staff and Management of Aryans Group of Colleges to express their views/opinions. The magazine has covered all the events of Aryans Group. He added that this magazine would lead the readers right path about Aryans Group of Colleges.

Giving more information, Mrs Iyer said that Bank of India is coming with an aggressive plan for expanding the branch network to over 4300 by March, 2013 and total ATMs to 3000 by March, 2013. She added that the Bank has Lead District responsibilities in 48 districts of the country.  The Bank has covered 10,867 villages under 100% Financial Inclusion as against allotted villages of 2992, one year in advance.

Mrs Iyer further said that over 107 years old, the Bank has a network of branches comprising 4,169 Indian Branches, 48 foreign branches and 4 Representative Offices. She added that Bank’s Global business is presently more than 630000 crore consisting deposits of over `349000 crore and advances of 281000 crore. The business mix of the Bank has grown 17.7% on a y-o-y basis over February 2012. Global deposits grew 16.0% and global advances grew 20.1% over the corresponding period of the previous year. Capital Adequacy of the Bank is at 10.59% and Net NPA is 1.97%.  CD ratio of the Bank is around 71%.

It is to be mentioned that Mrs Iyer has been the CMD at Bank of India since November 5, 2012. She served as General Manager and Deputy General Manager of Union Bank of India. She also served as an Executive Director of Central Bank of India from September 1, 2009 to November 5, 2012.