Bank of Baroda is going to provide an ex-gratia payment of Rs 10 lakh to the next of kin of business correspondents (BCs) in case of loss of life due to COVID-19. It will also provide health insurance cover of Rs 60,000 to the BCs. In the first tranche, Rs 2,000 was provided to each active and functional BC in the month of April 2020. In May, each functional BC will be provided Rs 1,000 for hygiene maintenance.
Further, the bank will pay an amount of Rs 100 per working day towards transportation as an incentive to the BCs to encourage them to extend their services from 10 am to 5 pm till June 30, 2020, (except where local level restrictions are imposed), subject to minimum 40 transactions.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
Company Name | CMP |
---|---|
SBI | 818.35 |
Bank Of Baroda | 255.65 |
PNB | 123.85 |
Canara Bank | 548.20 |
Union Bank Of India | 142.05 |
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