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Nainital Bank registers operating profit of Rs 82 crore

Friday, 20 OCTOBER 2023  | PNS | NAINITAL

The Nainital Bank has registered operating profit to the tune of Rs 82 crore by the end of September 2023. Stating this, the managing director of the bank Nikhil Mohan said on Thursday that the bank has registered 6.67 per cent annual growth in savings deposit and an annual growth of 7.78 per cent in total deposits.  He added that the bank’s net profit has increased by 2.46 times in the year.

Speaking of the new products the bank is rolling out, he said that mobile banking vans are being extended to the people from rural areas.  He further said that the bank is all set to provide POS/UPI and QR code services to its customers and added that the bank is going to launch mobile banking application to enable its customers to benefit from modern banking facilities. Plus, the bank is set to provide home and vehicle loans to customers sans processing and documentation charges. Further, the bank is preparing to set up digital banking units in every branch. As a festival gift, the bank has launched a new scheme titled Lakhpati Scheme for the holders of Naini savings platinum account, Naini current platinum account and RD account. This aside, the bank has launched schemes to finance self-help groups for opening new job opportunities through them in the rural areas. The bank’s vice president Sanjay Lal Sah and chief financial officer Mahesh Kumar Goyal were also present on the occasion.  

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