Which bank has started a scheme for women called as Atmanirbhar Women Gold Scheme?(Dec)

Which bank has started a scheme for women called as Atmanirbhar Women Gold Scheme?(Dec) Correct Answer BOB

The correct answer is BOB.

Key Points

  • Bank of Baroda (BoB) has launched the Atmanirbhar Women Scheme as part of its Baroda Gold Loan.
  • Under the scheme, the bank is offering loans at a 0.50 percent concession for women.
  • The bank under the gold loan scheme is also offering agri-gold loans at 0.25 percent concession and for a retail loan at 0.50 percent concession.
  • The scheme was launched at BOB's Ramamurthy Nagar branch in Bengaluru and simultaneously in 18 branches coming under 18 zones in the country, virtually by Sanjiv Chadha, MD & CEO, Bank of Baroda.
  • M Ravindra Rai, head, gold loan vertical, said: “This Atmanirbhar scheme is exclusively meant for helping women to be self-reliant.”

Important Points

  • MD & CEO, Bank of Baroda: Sanjiv Chadha.
  • Headquarter: Vadodara.
  • The tagline of Bank of Baroda is "India's International Bank".
  • Vijaya Bank and Dena Bank merged with Bank of Baroda (BoB) from April 1 2019 to create the third-largest lender of the country. 

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.