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.
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