BOB Financial launches co-branded Credit Card with

BOB Financial launches co-branded Credit Card with Indian Navy
in partnership with NPCI

·         The specially curated co-branded credit card with the Indian Navy has been launched as a contactless offering on the RuPay network.

·         The co-branded credit card will be offered in 3 variants to the Indian Navy personnel; each variant comes with unique features and benefits                                                                         

BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB) and Indian Navy have launched a co-branded credit card for the personnel of the Indian Navy, in partnership with National Payments Corporation of India (NPCI). The co-branded credit card will be equipped with contactless features and will be offered on the RuPay platform.

Indian Navy personnel up to the age of 64 years will be eligible to choose from 3 variants of the co-branded credit card. While the base variant will be offered as a Life Time Free (LTF) credit card, the other two variants will be offered at very attractive joining and annual fees, with attractive welcome gifts and easily achievable spend-based fee reversal/waiver. As an introductory offer, the joining fee will be waived off for applications in the first three months from launch. The top variant will offer unlimited complimentary domestic airport lounge access and reduced markup on international spends.

All 3 variants will offer an attractive base and accelerated reward points. Features like Personal Accident insurance, 1% Fuel Surcharge Waiver, LTF Add-Ons, EMI offers and periodic merchant offers through tie-ups done by BOB Financial as well as NPCI will also be applicable to all 3 variants.

Speaking on the occasion, Commodore Neeraj Malhotra, Indian Navy said “Indian Navy is appreciative of the products and solutions offered by Bank of Baroda to the Officers and Sailors of Indian Navy. We thank BFSL for incorporating all features and benefits requested, so that the personnel of Indian Navy will be able to make use of the everyday convenience and benefits that the co-branded credit card promises to deliver”

Talking about the launch, Mr. Shailendra Singh, MD & CEO, BFSL said, “We are honored and pleased to partner Indian Navy. The uniquely designed credit cards will offer uninterrupted payment convenience and comfort to the personnel of Indian Navy. This partnership is also a showcase of Bank of Baroda’s commitment towards serving the Indian Armed Forces by offering different banking solutions.”

Ms. Praveena Rai, COO, NPCI said, “We are delighted to associate with BOB Financial to facilitate the issuance of co-branded contactless credit cards on the RuPay platform for the Indian Navy personnel. Through this partnership, we are looking forward to empowering the Indian Navy personnel as well as their near and dear ones with a secure, contactless and fulfilling payment experience.”

GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

GRSE Lays Keel of 3^rd Ship of Prestigious Project 17A Advanced Stealth Frigate

Garden Reach Shipbuilders and Engineers Limited (GRSE) achieved a major milestone with ‘laying of the Keel’ of Yard 3024 a ship of the Advanced Stealth Frigate Project, P 17A. As per GRSE tradition, the Keel was laid by a senior operative Shri. Mithailal Pasi, Structural Fitter of Shipbuilding Shop at the Main Works Unit of GRSE, in the august presence of Vice Admiral Sandeep Naithani, AVSM, VSM, Controller of Warship Production & Acquisition (CWP&A), Indian Navy and Rear Admiral GK Harish, VSM, Director General of Naval Design. The occasion was graced by Rear Admiral VK Saxena, IN (Retd.), Chairman & Managing Director, GRSE, Cmde. Sanjeev Nayyar, IN (Retd), Director (Shipbuilding), Cmde. PR Hari, IN (Retd), Director (Personnel) and Shri. RK Dash, Director (Finance)and other senior officials of the Indian Navy and GRSE.

 

The contract for construction of three Stealth Frigates under Project 17A is the largest ever order awarded to the shipyard by the Ministry of Defence with a value of over Rs.19293 crores. The shipyard despite all challenges amid Covid – 19 pandemic, launched 1st ship of P17A Stealth Frigate “INS Himgiri” ahead of schedule on 14 Dec 20. The Keel laying of Yard 3024 has also been achieved ahead of schedule. It is important to note that the Keels for both 1^st & 2^nd ships viz, Yard 3022 and Yard 3023 were also laid ahead of schedule on 10 Nov 18 and 24 Jan 20 respectively.

 

The important milestones of ship building involve the process of Cutting of steel which is called the ‘Start Production’ stage followed by ‘Keel laying’ subsequent to which, the other blocks are built around the keel block. The next phase is launching, when the Ship is placed in water for the first time, Subsequently, the ship is outfitted with equipment and systems post launch, followed by trials of equipment. On completion of all trials and once the compartments are ready, the ship is delivered to customer.

P17A ships shall be the most advanced state-of-the-art Guided Missile Frigates, 149 m long, with a displacement of approximately 6670 T and advanced CODOG Propulsion enabling speed of over 28 knots. These complex platforms are equipped with a powerful weapon & sensor package capable of neutralising threats in all three dimensions ofAir, Surface & Sub-surface. P17A Stealth Frigates are being built using Integrated Construction Methodology with enhanced pre-outfitting to enhance quality and reduce build periods. M/s Fincantieri, Italy is the Knowhow Provider for Technology Upgrade and Capability Enhancement in this project. An advanced PDM-PLM system is being implemented at GRSE to manage the project over its life cycle.

 

Since its takeover by the Government of India in 1960, GRSE has delivered high end warships ranging from Fast Patrol Vessels, Survey Vessels, Landing Ship Tanks, Landing Craft Utility, Fleet Tanker to Frigates and Missile/ASW Corvettes. The shipyard has made a significant advancement towards self-reliance in state-of-the-art warship design and construction and furthered ‘Atmanirbhar’ abhiyaan by achieving over 90% indigenous content onboard ASW Corvettes and Landing Craft Utility ships. Having modernised its infrastructure facilities, today GRSE is in a position to construct 20 warships concurrently using Advanced Modular Integrated Shipbuilding Technology in line with the best in the world.

 

GRSE’s Design Unit has been recognized by Dept. of Scientific & Industrial Research (DSIR). The complete designs of LCUs, Water Jet FACs, Survey Vessel (Large) and ASW - SWCs have been developed by the 100+ member Strong Design Team. The 3D Virtual Reality Lab at GRSE aids in identification of Design/ Construction issues at early Design Stage. GRSE has proven design capabilities to integrate systems onboard its platforms to meet specific needs of its customers.

 

GRSE is currently executing two more major projects of Indian Navy pertaining to construction of 04 Survey Vessel Large ships and 08 ASWSWC ships apart from the 03 P17A ships. The Shipyard also received an Export Order from Govt of Guyana for Design, Construction and Delivery of 01 Ocean Going Passenger cum Cargo Ferry Vessel and delivered FPV “SGPS Zoroaster” to Govt. of Seychelles.With proven export credentials backed by a healthy order book, the shipyard is well on its way to realise its vision of being a global leader in shipbuilding!