BoM conducts Bankers’ Meet for new ideas

17/8/2019 

PUNE: Bank of Maharashtra has conducted the first stage of the bottom-up consultation process to generate ideas and review performance of public sector banks and their alignment with national priorities, at the Zonal Level on 17 th August, 2019 involving all branches within the Zone’s jurisdiction. A C Rout, Executive Director and Prashant Khatavkar General Manager and Zonal Manager of Pune City Zone also participated in the process of generation of ideas and consultation.

This was a first of its kind consultation and ideation process by Public Sector Banks where the branches were themselves asked to review their performance, deliberate on the issues before the banking sector and indicate on future strategies and the way ahead. The deliberations were focused on various discussion points involving credit growth in various sectors of economy, usage of technology to bring about innovation and enable big data analytics, and make banking citizen-centric as well as more responsive to the needs and aspirations of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women.

The meet also deliberated on bank’s performance and its alignment with national priorities in areas such as –

1. Credit for Infrastructure/Industry (other than MSME, and Agriculture and Allied Activities) 2. Credit to Farm Sector and Blue Economy 3. Jal Shakti 4. Housing Loans 5. MSME / MUDRA / Stand-Up India 6. MSME: Alignment with Local Priorities 7. Education Loans 8. Export Credit 9. Green Economy 10. Swachh Credit (Credit for Swachhata Activities) 11. Financial Inclusion and Women’s Empowerment 12. Direct Benefit Transfer 13. Less Cash / Digital Economy 14. ATM usage and performance 15. Ease of Living 16. Corporate Social Responsibility

As a result of the consultations, a number of innovative suggestions came up on how Public Sector Banks in general and Bank of Maharashtra in particular, may improve their performance for achieving aspirations of various sections of the society and fostering growth in areas of national priorities. All the branch/zone level suggestions will be sent for state level and national level consultation and implementation.

The consultative process has resulted in a renewed sense of involvement and purpose among the bank officials while keeping in view an active and purposeful involvement for overall economic growth of the country.