SBI commits Rs. 11 crores to

 SBI commits Rs. 11 crores to support GOI’s COVID-19 vaccination drive

 

In order to support next phase of government’s COVID-19 vaccination drive, State Bank of India (SBI) has decided to contribute Rs. 11 crore to the PM CARES Fund.

 

Dinesh Khara, Chairman, SBI said, “It is at times of adversity that the true form of unity is tested, and we all can take pride in the efforts that our nation has put in to fight the pandemic. The fight against the pandemic is not yet over, and as a responsible Corporate Citizen, we consider it our duty to support the government's efforts to vaccinate all. I request everyone to come forward and help in whatever way they can to ensure a successful vaccination drive.”

 

Early last year, SBI had committed 0.25% of its annual profit to support the fight against COVID-19 and also made significant contribution in the form of supply of masks, sanitizers among others to the needy. Additionally, SBI employees in their effort to support the nation in the unprecedented times had contributed Rs. 107 crores to the PM CARES Fund.

 

SBI launches ‘YONO Branches’ on

SBI launches ‘YONO Branches’ on eve of its 65^th Bank Day

·         Gives YONO, SBI's digital banking app, a brick and mortar presence

·         SBI launches first three YONO Branches in Navi Mumbai, Gurugram and Indore

·         Aims to enable walk-in customers to adopt digital banking, assisted by dedicated YONO Hosts

·         Self-serve machines enable customers to do a wide range of transactions on their own with ease

·         SBI plans to scale up YONO Branches across the country over the next 5 years

State Bank of India, the country's largest bank, launched state-of-the-art ‘YONO Branches’ on the eve of the 65^th anniversary of its Foundation Day. SBI’s integrated digital and lifestyle platform – YONO - is set to offer an enthralling experience for the customers by a perfect assimilation of human interaction and digital integration in the banking industry. The bank has launched YONO Branch in three cities – Navi Mumbai, Indore and Gurugram as part of its pilot.  With an aim to improve customer experience, YONO branches will focus towards driving adoption of digital banking among its customers.

SBI has re-imagined its traditional branch design to create a 'Digital-first’ operating model. Through the self-service zone, customers can deposit cheque into Smart Cheque Deposit Kiosks, withdraw cash using YONO Cash, deposit cash, and print passbook 24 x 7, without depending on branch staff. Self-assist kiosks with touch screen consoles will allow customers to use YONO to avail broad range of services, such as booking FD or creating an account, all on their own. In availing services digitally, customers will receive personalized assistance from dedicated YONO Hosts for a comfortable banking experience.

A large video wall will play informational content on YONO and bank's other digital banking products and services. Dedicated meeting pods will facilitate conversation between customers and branch staff around loans, credit card, insurance, mutual funds and more, at the end of which these can be availed digitally. All services will be simplified, paperless and real-time, as much as possible. SBI plans to scale up YONO Branches across the country in the next 5 years

Shri Rajnish Kumar, Chairman, SBI said, “We are glad to witness YONO SBI venturing into brick and mortar model and are delighted to launch YONO Branch on the auspicious occasion of State Bank Day. We believe YONO Branch will enable and empower customers to adopt digital banking to enjoy all banking services with ease. With a gamut of banking services being available in a specially designed YONO Branch, we are hopeful customers will walk away with a unique and memorable banking experience. At SBI it is our constant endeavor to provide new experiences to our valued customers through an innovative touch to our products and services.”

In this journey of digital transformation, the constant endeavor of YONO SBI is to offer its customers a gamut of banking and lifestyle services at their convenience. The Platform has now reached global markets with YONO Global in UK & Mauritius. YONO has also crossed the landmark of 5.1 crore downloads and 2.4 crore registered users. It has partnered with more than 85 e-Commerce players across 16 plus categories. SBI through YONO has also come up with various initiatives which include YONO Cash (Card-less withdrawal facility from ATMs), Pre-approved Personal Loan, YONO Krishi etc. catering to all categories of customers.”

ESAF Small Finance Bank MD Paul Thomas elected

ESAF Small Finance Bank MD Paul Thomas elected as Chairman of Sa-Dhan

MD and CEO of ESAF Small Finance Bank, K. Paul Thomas has been elected as the Chairman of Sa-Dhan, the largest association of community development finance institutions in India. The announcement was made at 22^nd Annual General Meeting of Sa-Dhan.  Mukul Jaiswal, MD, Cashpor Micro Credit is elected as Co-Chair and HP Singh, CMD, Satin CreditCare Network Ltd is elected as Treasurer of Sa-Dhan.

Commenting on the new role, Mr K. Paul Thomas said that he is positively looking forward to as the Chairman of Sa-Dhan, the oldest organization of financial inclusion institutions in the country. “Sa-Dhan has played a crucial role in building the standard practice norms for the sector. I strongly believe in the importance of promoting responsible finance to protect the interests of underserved and unserved borrowers,” he said.

Sa-Dhan is a Reserve Bank of India recognized self-regulatory organization for non-banking financial companies and microfinance institutions. K. Paul Thomas is the Founder of ESAF Group of Social Enterprises. He has been a management professional for over 32 years out of which more than 25 years are in the financial inclusion sector.

Tata Consumer Products to spearhead FMCG

Tata Consumer Products to spearhead FMCG ambitions

The Scheme of Arrangement for Tata Consumer Products Business is operational, and it marks a new strategic direction for the Company

Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited (TCL) announced that the Scheme of Arrangement between TGBL and TCL regarding the Consumer Products Business of TCL is now operational, effective from 7^th February 2020. Following this, TGBL has been renamed “Tata Consumer Products Limited.”

The formation of Tata Consumer Products Limited (TCPL, Company) marks a new strategic direction, an accelerated expansion into India’s Fast-Moving Consumer Goods (FMCG) market, while maintaining a leading and strategic presence in the International beverages market.

In India, Tata Consumer Products’ bouquet of consumer brands will benefit from the scale of its iconic brands, including Tata Tea and Tata Salt, reaching over 200 million households. This deep distribution architecture will also be supported by the Tata Group’s brand building prowess. The Company intends to further build on the strong platform provided by its market leading positions in tea and salt by investing in R&D, branding, marketing, manufacturing and distribution to create a stronger and larger food and beverage platform. 

The Company’s innovation capabilities, product portfolio and distribution reach positions it well to meet evolving consumer needs across the food and beverages spectrum.

Tata Consumer Products stands ‘For Better.’ The Company’s endeavour is to always aim for better- better products, better nutrition, better living. It is our belief that every person in this world strives for a better life.  By constantly pushing the boundaries in everything we do – the quality of our products and services, our contribution to the community and the planet, productivity and happiness across all our workplaces and partnerships, and the wealth which we create for all our stakeholders – we will be restless evangelists for a better life.

Speaking on the announcement, Mr N Chandrasekaran, Chairman, Tata Sons said, “The merger of the consumer businesses of Tata Chemicals and Tata Global Beverages Limited under Tata Consumer Products consolidates the group’s presence in the fast-growing consumer sector. Tata Consumer Products would be in a unique position to leverage the strong brand, wider product portfolio and distribution reach to serve the growing aspirations of consumers across the country."

As announced in December 2019, Mr Sunil D’Souza, will take over as MD and CEO of Tata Consumer Products with effect from 4^th April 2020, after Mr Ajoy Misra’s retirement. Sunil has 26 years of rich and varied experience in the consumer goods industry as well as in-depth understanding of the foods and beverages categories.

Dr. GSK Velu, Chairman & MD - Trivitron Healthcare. Request you to please disseminate it to relevant media in your centers. ''Budget 2020 is visionary and in accordance with the policy of improving and expanding healthcare services reach to all. Make in India initiative for Medical devices industry has been given a big boost. Imposing health cess on the import of medical devices will help domestic manufacturing companies. Further, using tax proceeds to fund the creation of healthcare infrastructure will help in address issues of capital requirements for building healthcare infra in Tier- I & II cities. The government is focused on creating the healthcare infrastructure and invest extensively in improving healthcare services in tier I-II cities in the country. Announcement of extending the ambit of Ayushman Bharat through the establishment of PPP model hospitals in 112 new districts of India will improve healthcare infrastructure. Increasing the budgetary allocation for the healthcare sector to 69,000 crores will enhance primary health coverage and strengthen health and wellness centers (announced under Ayushman Bharat) which will help to reduce the disease burden.'' Dr. GSK Velu, Chairman & MD - Trivitron Healthcare.

Dr. GSK Velu, Chairman & MD - Trivitron Healthcare

''Budget 2020 is visionary and in accordance with the policy of improving and expanding healthcare services reach to all. Make in India initiative for Medical devices industry has been given a big boost. Imposing health acess on the import of medical devices will help domestic manufacturing companies.

Further, using tax proceeds to fund the creation of healthcare infrastructure will help in address issues of capital requirements for building healthcare infra in Tier- I & II cities.

The government is focused on creating the healthcare infrastructure and invest extensively in improving healthcare services in tier I-II cities in the country. Announcement of extending the ambit of Ayushman Bharat through the establishment of PPP model hospitals in 112 new districts of India will improve healthcare infrastructure.  

Increasing the budgetary allocation for the healthcare sector to 69,000 crores will enhance primary health coverage and strengthen health and wellness centers (announced under Ayushman Bharat) which will help to reduce the disease burden.''  

Dr. GSK Velu, Chairman & MD - Trivitron Healthcare.