Business Bureau: THE opening phase of the bottom-up consultative process designated to generate ideas and review performance of banks and their alignment with national priorities was conducted at the Bank of India, (BOI) Zonal level on August 17 and 18. Briefing media about the review performance consultation Vilas Parate, Zonal Manager of Nagpur said, “It is a first of its kind consultation, involving all branches within the Zone’s jurisdiction. The branches were themselves engaged in self-assessment, deliberated on the issues and evolved ideas on future strategy.
The meet focused on the ways and means to increase credit to various sectors of the economy with greater IT content to bring about innovation and leverage big data analytic.” G Nagmohan, Deputy General Manager of Head Office Mumbai added that the idea is to make banking citizen-centric as well as more responsive to the needs and aspiration of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women.” He said that several topical themes such as digital payments, corporate governance in PSBs, credit for MSMEs, retail, agriculture, export credit, establishing financial grid and enabling bank credit towards a $5 trillion economy were discussed during the meet with a view to chart out specific road map for PSBs.
He said such a comprehensive exercise facilitated conception of a number of implement able and innovative suggestions as to how PSBs in general and Bank of India (BOI) in particular, can play a more effective role in nation building. Also present were Premkumar Gupta, Deputy Zonal Manager and other senior executives of BOI.