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Bank of India opens first ever branch in Leh

Posted On: 2021-10-22 22:41:08 (Time Zone: IST)

Public Sector Bank, Bank Of India, has taken yet another step to main stream banking to the people of LEH (UT OF LADAKH) by opening its first ever branch in LEH (Bank's 5086th Branch) on 22nd October 2021. The branch is fully computerized and digitized with facility of E-Gallery to provide 24*7 banking.

The Branch was opened by MD & CEO, Shri A.K. Das in presence of Field General Manager Shri. A.K. Jain, Zonal Manager Shri. Vasudev, Branch Manager Smt. Sangeeta and various local dignitaries and customers.

While interacting with the media persons MD & CEO, Shri A.K. Das said that the Bank is fully committed to extend its banking services to the people living in the far flung areas of the country. The opening of branch at LEH is an important step towards this goal. It will not only boost economic activities in the region but will also help the local people to use various banking products viz. housing loan, vehicle loan, education loan, agriculture loan etc. and also reap the benefits of other Government schemes like PMJBY, PMAPY, Mudra, PM Swanidhi etc.

He further advised that bank has unique Salary A/c scheme for defense and paramilitary personnel providing free insurance cover. Bank also provides home loan, vehicle loan and consumer loans at very low rates. Recently bank has reduced interest rate for Housing Loan to 6.50% and that for Vehicle Loan to 6.85%. The Bank will continue to endeavor to provide best quality banking facilities to its customers and connect more and more people to main stream banking with fully digitized facilities.

The programme was attended by senior officials OF RBI JAMMU and other dignitaries, Second in Command in CRPF- RINGZIN ANGMO, President Chamber and Commerce, President Merchant Association, President Hotel Association, MD of Hotel Zen, Chairman Ladakh Public School, Principal Ladakh Public School and various officials of local administration.

In continuation to Bank's mission to reach maximum customers PAN India, Bank also conducted 'Customer Outreach Programme' at LEH branch wherein MD & CEO, Shri A.K. Das distributed loan sanction letters to various beneficiaries.

On the occasion, under Bank's CSR (Corporate Social Responsibility) Shri A.K Das is presenting 'Paper Cutting Machine' to the esteemed NGO of Ladakh "PAGIR" (People's Action Group for Inclusion and Right) who is assisting differently abled persons by empowering them with different skills to earn their livelihood and live respectable lives.

Shares of Bank of India was last trading in BSE at Rs. 60.90 as compared to the previous close of Rs. 61.25. The total number of shares traded during the day was 1060618 in over 3704 trades.

The stock hit an intraday high of Rs. 62.75 and intraday low of 60.25. The net turnover during the day was Rs. 65214004.00.

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