Sanjay Malhotra, Secretary, Department of Financial Services, Ministry of Finance, Govt. of India visits Bank of Maharashtra
Pune (Maharashtra) [India]Sep 5 (ANI/PNN): Sanjay Malhotra, Secretary, DFS, Ministry of Finance visited Bank of Maharashtra on September 3, 2022 at its head office in Pune.
Bhushan Kumar Sinha, Joint Secretary and Hardik Sheth, Director, DFS, Ministry of Finance also accompanied him. AS Rajeev, MD & CEO, Bank of Maharashtra, hosted him along with Executive Directors, AB VIjayakumar & Asheesh Pandey and Managing Directors.
Sanjay Malhotra chaired a meeting with senior management of the Bank, where he reviewed the performance of the Bank. Malhotra was also briefed on the Bank’s three-year strategic roadmap in line with EASE 5.0 reforms. Speaking to the secretary of the meeting, DFS appreciated the efforts made by the bank in expanding business and promoting financial inclusion. He affirmed to bring the necessary reforms as envisaged by the Indian government, to improve the ease of banking services, keeping the needs of the customers at the center. He urged banks to innovate in products and services through digitalization and add value to customer satisfaction.
AS Rajeev, MD and CEO, while deliberating on the Bank’s progress and actions taken, said: “The Bank has taken a series of measures to improve performance, profitability and efficiency over the past three years. , while expanding the Bank’s footprint through the branch network at the level of PAN India.The bank is implementing several strategies to improve digital prowess and align initiatives with EASE 5.0 reforms.There has been growth in core activities of the Bank as well as a strong improvement in results.
Rajeev said, “We are committed to delivering government flagship programs easily with digital services and delivering the desired reforms to have the most efficient way of operating.”
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