Thursday , 27 February 2020
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MPT awards work of hiring shunting locomotive to RITES

VASCO: The Mormugao Port Trust (MPT) has awarded the work of hiring of one (No-1400 HP) diesel/electric shunting locomotive for a period of 7 years to M/s RITES Ltd, New Delhi, a government of India enterprises on nomination basis to meet the day to day requirement of port’s railway operations. The new loco was commissioned at the hands of deputy chairman of MPT Guruprasad Rai recently by cutting a ribbon in the presence of senior deputy traffic manager Jerome Clemente port officers and officials of M/s RITES. NT

Union Bank to disburse `300 cr under MSME lending

PANAJI: Union Bank of India (UBI), Goa branches extended credit aggregating Rs 75 crore under MUDRA YOJNA, Rs 160 crore under agriculture and allied activities and Rs 324 crore under MSME, revealed bank officials. Further the bank will disburse Rs 300 crore under MSME and Rs 5 crore under MUDRA in the next fortnight. The bank successfully completed its consultative and ideation process on Saturday and Sunday wherein a collective decision was taken to align banking with national priorities and become more responsive to customers. The ideation meeting was headed by Prasant Kumar Sahoo, regional head who urged the branch heads to popularise government schemes like MUDRA, PMJJBY, PMSBY, PMJDY overdraft etc. He also directed branches to convey to customers about reduction in loan rates in various segments. UBI in western regional office has 39 branches, of which 15 branches are in Goa and 24 in Sindhudurg and Ratnagiri. NT

Bankers’ meet: campaign for generation of ideas, consultation

PANAJI: 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 Saturday  involving all branches within the Zone’s jurisdiction. SuryakantSawant, deputy general manager-credit, from head office, Pune and Atul Joshi, zonal manager, Goa 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 etc. NT

Bank of Baroda regional office conducts MSME customer meet

PANAJI: Bank of Baroda’s, regional office, Panaji, recently conducted an MSME (micro, small and medium enterprise) customer meet at the Goa Chamber of Commerce & Industry Building, Panaji. The meeting was presided over by Amulya Kumar, regional head of Bank of Baroda in the presence of Manguirish Pai Raikar, chairman MSME National Board and R S Kamat, director general, GCCI, Panaji. Addressing the gathering Kumar, enlightened the customers about the various MSME products offered by the bank and the importance of financial discipline. He also introduced new products from MSME entrepreneurs and explained the government initiative in growth of MSME Schemes like PSB Loan in 59 Minutes, Pradhan Mantri Mudra Yojana (PMMY), Stand-up India and other government schemes primarily for young and upcoming entrepreneurs. He also emphasised on MSME, support and outreach campaign, and restructure schemes initiated by govt of India. NT

Corporation Bank concludes regional meeting

PANAJI: A regional meeting on the bottom-up consultative process designed to generate ideas and review performance was conducted at Corporation Bank on Friday. The meeting focused on ways and means to increase credit to various sectors such as infrastructure, industry, agriculture, MSMEs, education and exports. The meeting discussed ways to make the bank more citizen-centric and responsive to the needs of citizens, farmers, small entrepreneurs, youth, students and women. The consultative process resulted in a renewed sense of involvement, at the grass-root level, with the national priorities. The bank is geared towards implementing the suggestions and ideas which have emerged out of this entire process of consultations so that it may fulfil its mandate of ‘Sarve Jana Sukhino Bhavantu,” according to officials. NT

Licious launches meat-based spread range

MUMBAI: Licious announced its foray into packaged food category with the launch of meat-based spreads. The product was unveiled by Bollywood celebrity, Shilpa Shetty Kundra in Mumbai. Abhay Hanjura and Vivek Gupta, founders, Licious, said, “From selling a range of fresh and raw meat products online, we have evolved not only in terms of core offerings in the raw and fresh meat category, but also entered the ready-to-cook (RTC) and ready-to-eat (RTE) categories with pre-marinated meats and bottled spreads. Over the next three years, Licious is aiming at growing their packaged food business to contribute to 20 per cent of the overall business. Licious meat spreads will be available in key offline and online stores across all markets in 30 gms and 200 gms packets priced at Rs 30 and Rs 199 respectively.

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