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Bank ties up with microfinance body
Staff Reporter
KOCHI: Bank of Baroda (BoB) has signed a memorandum of understanding (MoU) with the Centre for micro Finance (CmF) for strengthening micro-finance activities of the bank.
CmF is registered under the Societies Registration Act. Under the tie-up, CmF would help the bank with its expertise in ensuring 100 per cent financial inclusion in select districts.
CmF would also organise location-specific training programmes for upgrading the skills of field functionaries of the bank. Both institutions would focus on the formation and nurturing of quality self-help groups.
Bank chairman Ali K. Khandelwal said, the bank, with more than 1700 branches, was committed to serve rural India with new products and services. .
0He appreciated the initiatives taken by CmF for introducing a certificate course on microfinance development and management for rural youth..
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