Bank of Baroda signs MoU with Indian Army for customised services

बैंक ऑफ बड़ौदा ने अनुकूलित सेवाओं के लिए भारतीय सेना के साथ समझौता ज्ञापन पर हस्ताक्षर किए

Points to Remember:

  • Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with Indian Army, under which the bank will offer customised services, along with a host of facilities to account holders.
  • The MoU includes free personal accident insurance cover, free air accident insurance cover of 15 lakh to 50 lakh, and an overdraft facility up to three times of the monthly net salary, the public sector bank said in a statement.
  • The features are also applicable for pensioners of Indian Army up to the age of 70 years, it said.

About Bank of Baroda (BoB):

  • Founded: 20 July 1908
  • Founder: Sayajirao Gaekwad III
  • Headquarters: Vadodara, Gujarat, India
  • Chairman: Hasmukh Adhia
  • MD & CEO: P. S. Jayakumar
Important Possible questions based on above News:
  1. Which bank has signed a Memorandum of Understanding (MoU) with Indian Army, under which the bank will offer customised services, along with a host of facilities to account holders? Bank of Baroda (BoB)
  2. Who is the current MD & CEO of Bank of Baroda (BoB)? P. S. Jayakumar

 

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