Friday, Mar 29 2024 | Time 21:21 Hrs(IST)
image
States » East


President virtually inaugurates 50 new branches of UCO Bank

President virtually inaugurates 50 new branches of UCO Bank

Kolkata, March 28 (UNI) President Droupadi Murmu on Tuesday virtually inaugurated 50 new branches of UCO Bank.

Gracing the celebration of completion of 80 years of UCO Bank, the President stated that UCO
Bank has been a pioneer and leader in the banking sector since its inception in 1943.
She said, " It has played a vital role in the economic development of our country by providing credit and financial services to various sectors such as agriculture, industry, trade, infrastructure and social welfare. "
Murmu said it has also contributed to the nation's progress by supporting various government schemes and initiatives.

Gracing the celebration of completion of 80 years of UCO Bank, the President virtually inaugurated 50 new branches of the Bank.

She also laid foundation stone for renovation of Sri Aurobindo Integral Education and Research Centre at Rairangpur, Odisha, under CSR initiative of UCO Bank.


The President expressed confidence that UCO Bank would continue to uphold its legacy and reputation in the coming years and remain committed to its core values and principles while embracing change and innovation.

She said, " Banks have two major responsibilities. First, they have to be custodians of public money. Second, they use savings of today to create assets for tomorrow. Balancing these two responsibilities is a challenge for every bank. Inability to strike the right balance has sometimes led to economic worries in different parts of the world. "


" Banks are duty-bound to sustain the trust reposed in them by millions of people who save their money in the banks. She expressed confidence that the professional staff and alert leadership of UCO Bank will discharge these responsibilities effectively, " Murmu said.

The President further said, " Fin-tech has been transforming the way people access and manage their money. In India, the widespread fin-tech adoption, even among the poorest and the remotest areas, is a proof that people in India are open to adopting technology that empowers them and provides social justice. Today, UPI is widely regarded as one of the most successful fin-tech innovations globally. "
Earlier, The President visited the famed Belur Math, global headquarters of the Ramakrishna mission, founded by Swami Vivekananda in the late 19th century.

UNI BM-PC SJC

More News
Arunachal: BJP candidates ‘set’ for getting elected in 7 Assembly seats 'without contest'

Arunachal: BJP candidates ‘set’ for getting elected in 7 Assembly seats 'without contest'

29 Mar 2024 | 8:41 PM

Itanagar, Mar 29 (UNI) In a repeat of previous poll outcomes, the hilly Northeastern state of Arunachal Pradesh is ‘set’ to witness seven candidates from ruling Bharatiya Janata Party (BJP), including Chief Minister Pema Khandu, getting elected 'unopposed' to the 11th Legislative Assembly of Arunachal Pradesh, 'without a contest'.
After ‘complete’ scrutiny of nominations filed for all 60 Assembly Constituencies, including the ‘adjourned’ scrutiny of papers done for Itanagar and Daporijo seats today, altogether seven validly nominated BJP candidates were found to be opponent free, and they are likely to be declared elected unopposed on Saturday after the last date of withdrawal of candidature, Joint Chief Electoral Officer Liken Koyu said.

see more..

Assam Chief Minister to address 30 public meetings for first phase of polling

29 Mar 2024 | 6:06 PM

Guwahati, Mar 29 (UNI) Assam Chief Minister Himanta Biswa Sarma will attend 30 public meetings in 15 days beginning from April 1 to 15 for the first phase of polling in the state.

see more..

Lok Sabha Polls : Amit Shah to visit Assam on Apr 6 for campaign

29 Mar 2024 | 5:23 PM

Guwahati, March 29 (UNI) Union Home Minister Amit Shah will visit Assam on April 6 to campaign for the Lok Sabha election.

see more..

Refund claim invited from depositors of Rose Valley: SEBI

29 Mar 2024 | 2:12 PM

Agartala, Mar 29 (UNI) The Asset Disposal Committee (ADC), constituted by Securities and Exchange Board of India (SEBI) has invited claims from the depositors of Rose Valley – a leading Non-Banking Financial Company which cheated thousands of people across India alluring with attractive returns for 15-20 years ago.

see more..

Odisha: BJP MLA Sukanta Nayak resigns, Ex-Cong MLA Surendra Singh joins BJD

29 Mar 2024 | 2:12 PM

Bhubaneswar, Mar 29 (UNI) BJP MLA from Nilgiri Constituency Sukanta kumar Nayak on Friday resigned from the primary membership of the party.

see more..
image