Centenary celebrations: BoI to honour City luminaries | india | Hindustan Times
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Centenary celebrations: BoI to honour City luminaries

india Updated: Sep 07, 2006 14:33 IST

BANK OF India’s (BoI) centenary celebrations will culminate with a felicitation function to honour some luminaries from the City at Ravindra Natya Griha on Thursday. Senior bank functionaries gave this information during a press conference held at the Press Information Bureau (PIB) today.

Zonal Manager RC Khurana said the bank was established in 1906 and since then has been constantly working on its principle of gaining customers’ trust.

The year-long centenary celebrations which began under the guidance of Member of Parliament (MP) Sumitra Mahajan on September 7, 2005 will culminate with the felicitation of those who have brought national recognition to the City.  Indian Institute of Management (IIM-I) director Dr SP Parashar who will be the chief guest at the function will felicitate economist Vishnudutt Nagar, ophthalmologist Dr PS Hardia, Board of Cricket Control of India (BCCI) selector Sanjay Jagdale, Jayesh Acharya and Sushma Golvalkar.

The programme will end with a cultural presentation though the last activity undertaken as part of centenary year celebration will finish with a three-day State-level table tennis competition beginning from September 12 at Abhay Prashal.

Khurana said several programmes had been undertaken as part of the centenary year celebrations in which two villages each from Indore and Dhar district constituting the bank’s Indore zone were adopted for all round development.

Free school uniform and textbook distribution, tubewell digging, construction of public library and other socially beneficial works were undertaken in village Ashapura and Osra in Indore and Achana and Ekaldeora in Dhar districts.

Similarly, a water tank was excavated in village Palia, an ambulance donated to village Amjhera, a water cooler installed at Government hospital, Dhar, a hand pump installed at village Bagri and a running trophy given to School of Excellence, Dhar.

The bank currently has 2,645 branches across the country and abroad and with 1,036 branches connected with CBS it has posted a net profit of Rs 208.73 crore till June 2006.

The gross profit has been Rs 2,000 crore and the net NPA has been less than 1.5, which is targeted to be reduced to less than one. One thousand thirty-six branches have been connected through core banking and 175 ATMs have been installed, while an accord has been reached with the State Bank of India for use of their ATM facility.

The bank has adopted Real Time Gross Settlement System (RTGS), which allows a customer to transfer his funds to any account within two hours and that too at 50 per cent of the cost of a draft. The bank has vowed to take forward their tradition of service in the centenary year.