Taking forward the agenda of reforms in public sector banks, the Department of Financial Services, Government of India has initiated a multi-layered consultation process and new suggestions at the branch level. Under this, a consultation meeting was proposed to generate innovative ideas and separate thinking on various issues related to banking so that the banking sector effectively takes the nation into dollar 5 trillion economy.
The top management of the bank held consultations with branch managers at various locations in the country. In this context, a meeting of branch managers was organized by the Indian Bank Circle Office, Ranchi on Saturday at the Zonal Office in Ranchi. This meeting was jointly presided by Chief General Manager of Corporate Office G Mahendra and Zonal Manager, Prabhat Ranjan Sinha.
The meeting was successfully conducted with the active participation of branch managers. In this meeting, a useful discussion was held by Indian Bank regarding the growth of branches business, opportunities and growth prospects, customer requirements, improvement in digitization etc. and sector-specific issues related to local priorities and needs.
Bank lending to the area was also discussed in detail including loans under stand-up India, Mudra loans, PSB loans, within 59 minutes etc. Similarly, agriculture and SHG Bank finance was also focused on.
Other sectors such as retail lending, digital transactions for both convenience and outreach were also included in the discussion.
Sinha informed that the results of this consultation process are positive. “Branch managers are the first point to establish contact with the public and many new ideas and suggestions have emerged from their interactions with them,” he added.