Bank of India has conducted a mass-contact programme ‘Star Mahotsav’ across its branch network on May 31, 2017. The thrust was in contacting every customer at their doorstep for recovery of bad loans, disbursement of retail loan, including housing and vehicle loan, disbursement under MSME and agriculture, and promotion of its products including debit/credit cards, PoS machines, internet banking, etc. The response was good in this zone (Coimbatore).
The bank has disbursed about Rs 46 crore under retail, MSME and agriculture advances, and could recover close to Rs 3 crore from borrowers.
