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The Central Bank of India plans to open 25 new branches in Punjab, Haryana and Chandigarh and Jammu and Kashmir during 2012-13. At present the total number of branches in this zone comprising four states is 302.
The Central bank would also add 150 more ATMs in this zone during this period according to the Chairman and Managing Director of Central Bank, M.V.Tanksale.
Tanksale who was here today to launch “Cent Premium Scheme” of the Bank told that “total branches of Central Bank across country at present were 4021 and the bank plans to open 250 new branches in 2012-13. The bank will also open several ultra small branches during this period. At present the bank has 1800 ATMs and has plans to raise the number to 3500 ATMs”.
He said that retail banking was a focus area for the bank. The other areas for growth would be agriculture and SME sectors. Tanksale today launched a new saving product, Cent Premium under which customers will be provided free doorstep delivery or collection of cash; fresh cash deposit and withdrawals at any branch of the Bank; free RTGS/NEFT; free demand drafts, special rates for processing charges of car and housing loan; free internet/SMS/phone banking facility; free online tax payment facility; free account statement through e-mail; free credit card issuance and renewal. He clarified that electronic transfers upto Rs one lakh did not accrue any charge on customers.
Tanksale said that this product has been launched to fulfill the growing aspiration of public and will be well received by the public. He said that Bank has enviable range of products tailor-made to suit all types of customers. To convey the message of benefits of recovery of public funds and to make aware the public about the One Time Settlement Scheme, the Chairman of the Bank flagged off the recovery van. This van will go to areas where the bank is having major concentration of overdue loan accounts and prevail upon them to avail the benefits of settlement scheme of Bank. Earlier while inaugurating, Mid Corporate branch at Panchkula, Tanksale said that the bank has already achieved 100% coverage of core banking solutions for all its branches.
The CMD said that the total business of the bank increased to Rs. 346898 crore as on March 31, 2012 from Rs 310763 crore as on March 31, 2011 registering a growth of 11.63% which includes a deposit growth of 9.38% and advances growth of 14.70%. Total deposits as on March 31, 2012 stood at Rs 196173 crore in comparison to Rs. 179356 crore as on March 31, 2011 showing a growth of 9.38 % over 2010-11.
Source: Financial Express
The Central bank would also add 150 more ATMs in this zone during this period according to the Chairman and Managing Director of Central Bank, M.V.Tanksale.
Tanksale who was here today to launch “Cent Premium Scheme” of the Bank told that “total branches of Central Bank across country at present were 4021 and the bank plans to open 250 new branches in 2012-13. The bank will also open several ultra small branches during this period. At present the bank has 1800 ATMs and has plans to raise the number to 3500 ATMs”.
He said that retail banking was a focus area for the bank. The other areas for growth would be agriculture and SME sectors. Tanksale today launched a new saving product, Cent Premium under which customers will be provided free doorstep delivery or collection of cash; fresh cash deposit and withdrawals at any branch of the Bank; free RTGS/NEFT; free demand drafts, special rates for processing charges of car and housing loan; free internet/SMS/phone banking facility; free online tax payment facility; free account statement through e-mail; free credit card issuance and renewal. He clarified that electronic transfers upto Rs one lakh did not accrue any charge on customers.
Tanksale said that this product has been launched to fulfill the growing aspiration of public and will be well received by the public. He said that Bank has enviable range of products tailor-made to suit all types of customers. To convey the message of benefits of recovery of public funds and to make aware the public about the One Time Settlement Scheme, the Chairman of the Bank flagged off the recovery van. This van will go to areas where the bank is having major concentration of overdue loan accounts and prevail upon them to avail the benefits of settlement scheme of Bank. Earlier while inaugurating, Mid Corporate branch at Panchkula, Tanksale said that the bank has already achieved 100% coverage of core banking solutions for all its branches.
The CMD said that the total business of the bank increased to Rs. 346898 crore as on March 31, 2012 from Rs 310763 crore as on March 31, 2011 registering a growth of 11.63% which includes a deposit growth of 9.38% and advances growth of 14.70%. Total deposits as on March 31, 2012 stood at Rs 196173 crore in comparison to Rs. 179356 crore as on March 31, 2011 showing a growth of 9.38 % over 2010-11.
Source: Financial Express
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