Corporation Bank has bagged the ‘Best Performance Award 2010-11' in SHG-bank linkage in Karnataka from National Bank for Agriculture and Rural Development (Nabard).
A bank release said that the bank has won this award for its ‘highest recovery performance in lending to SHG (self-help groups)' among all participating banks in Karnataka.
In Karnataka, Corporation Bank has financed 3,714 SHGs directly, to an extent of Rs 50.38 crore.
Since inception, the groups are guided on credit discipline and close follow up, due to which the recovery percentage is at a high at 92 per cent. For the creditable performance, the bank has been recognised with the best performance award by Nabard, it said.
Mr Amar Lal Daultani, Executive Director of Corporation Bank, received the award from Mr Umesh Katti, Karnataka Minister for Agriculture, in Bangalore on Wednesday. Mr Rama Murthy, General Manager of Corporation Bank, was present on the occasion.
FINANCIAL INCLUSION
Corporation Bank has actively implemented and operationalised its branchless banking model of financial inclusion in 3,216 locations in the country at the end of January. Apart from southern states, the bank has also expanded to states such as Gujarat, Maharashtra, Haryana, Punjab and West Bengal.
The bank has opened 14.12 lakh ‘no-frill' savings accounts with a balance of Rs 54.82 crore and around 24,000 general credit cards with an outstanding balance of Rs 33 crore, the release added.
it is really a good idea about to provide all the updates in the form of bits to all job seekers. thank u very much .........Kairaju 9704364252
ReplyDelete