Corp Bank opens zonal office at Vadodara

Corporation Bank inaugurated its new zonal office at Vadodara and opened a senior citizens' lounge and special gold loan counter at Alkapuri branch in Vadodara on Friday.

A bank release said here the Vadodara zonal office controls the bank's operations with 33 branches and 20 ATMs.

It said the senior citizens' lounge is an air-conditioned sitting area for the convenience of elders. A special officer has been deputed to take care of the entire banking needs of them like cash payments, passbook updation and pension payments . A free annual basic medical check up will also be provided for the senior citizens.

The release said an exclusive gold loan counter has been set up at the Alkapuri branch to provide quick and fast clearance of gold loans to customers. The bank provides loans to the customers against gold ornaments. The loans will be given at Rs 2,000 per gram if repayable within 12 months and at Rs 1,900 per gram if repayable above 12 months.

Mr Vinod R. Rao, Collector and District Magistrate of Vadodara, inaugurated these facilities. Mr Ajai Kumar, Chairman and Managing Director of the bank, presided over the function.

Mr Y.S. Jain, General Manager, Mr Prabhakar Shenoy, Deputy General Manager and Zonal Head of Vadodara, were present on the ocassion, the release added.

vinayakaj@thehindu.co.in