Jamshedpur: Central Bank of India conducts credit awareness program, education loan of Rs 40 crore disbursed among XLRI students

Jamshedpur, June 13: The Central Bank of India organized a Mega Credit Camp under its project, Credit Outreach, which included the Bank’s main Jamshedpur branch and its regional office in Ranchi. The Chief Executive of the Central Bank of India, Alok Srivastav, was present on the occasion. The Bank disbursed an education loan amounting to Rs 40 crore among XLRI students. The Executive Director of the Bank, said on the occasion, “The Central Bank of India is always mindful of its obligations and among these there is a provision to provide a student loan up to Rs 40 lakh without any collateral guarantees or co-debtors with the aim of securing a solid future for the students. The nation celebrates ‘Azadi ka Amrit Mahotsav’ on the occasion of the 75^e year of independence and as one of many other projects of the Central Bank of India launched on this occasion, the credit awareness program was launched across the country.

Welcoming the guests, including esteemed clients of the Central Bank, the Bank’s Senior Regional Manager of Ranchi Region, Sunil Kumar, explained the purpose of the outreach program saying, “This program aims to facilitate the process providing loans to people in need. The execution time (TAT) will be reduced so that the loans can be disbursed to the beneficiaries as soon as possible.

Anshu Jha, Principal Manager, Jamshedpur Branch, Central Bank of India, offered the vote of thanks to all those present at the program.