Mangaluru: Walkathon promotes digital banking

coastaldigest.com news network
December 9, 2017

Mangaluru, Dec 9: Karnataka Bank on Saturday organized a walkathon in the city to create awareness about banking among the general public and popularise its financial inclusion initiative. The walkathon, aimed to popularise digital banking and other banking products, coincided with the bank's ongoing CASA Campaign from November 15, 2017 to February 28, 2018.

“Though the country has completed more than 7 decades of independence, forty percent of population is still not covered under formal banking system. This march is conducted to promote Honourable Prime Minister’s mission to provide banking facility to all the citizens of the country especially un-banked population in remote villages and rural areas and thus realise financial inclusion in its true sense,” stated a release issued by the bank.

Karnataka Bank chairman P Jayarama Bhat flagged-off the march at the bank’s old head office building at Kodialbail in the city. Managing Director and CEO Mahabaleshwara M S and other executives of the bank led the walkathon which culminated at its head office premises at Mahaveera Circle, Pumpwell.

Speaking on the occasion Mahabaleshwara M.S, MD & CEO, said “The major objectives of today’s road show are to promote financial literacy, popularise customer friendly products of the Bank, convey the importance of savings habit and create awareness about the safety measures to be adopted in digital banking, etc. The road show assumes significance in the context of demonetization and digitalization drive launched by Govt. of India.”

“Bank is fast moving into the next generation of banking, offering the best products in line with latest developments happening in the digital technology space to on-board the unbanked sections of the society.  We are sure that this initiative will help in increasing the financial awareness among public and contribute towards strengthening the economy of the country. The initiative will be replicated in other major cities of the country in the months to follow,” he said.

Jayarama Bhat said “Major share of the branches of the Bank are located in villages and rural areas. The Bank has always treated it as its responsibility to offer banking services to rural population. Bank today enjoys the trust of its customers due to the consistent support that it has extended to them over the years. We hope to strengthen this bond with various customer centric initiatives. We believe that this march is a “Walk towards our Customers”. I wish all the best to this initiative.”

P. R. Karanth, General Secretary, All India Karnataka Bank Employees’ Association (AIKBEA), top executives of the Bank and around 700 staff members of the Bank working in different offices of the Bank at Mangaluru took part in the road rally by holding placards carrying messages promoting awareness about various aspects of general banking from the Regional Office of Mangaluru at Kodialbail to the Head Office of Bank at Pumpwell covering major points of the city viz, Hampankatta, Balmatta and Kankanady.

Comments

Arif
 - 
Sunday, 10 Dec 2017

India once had best GDP without banks and digital money. It is time to go back to Gold and Silver as money and get rid of banks and bankers who eats the wealth of the people for every transactions they do. Charging of interest on money is a sin and it is un-natural.

Hari
 - 
Saturday, 9 Dec 2017

Karnataka bank people getting more salary by sitting. Once in a month they should walk. it good for their health

Kumar
 - 
Saturday, 9 Dec 2017

Why they want digital banking?  If they do without charge then its ok.

Ganesh
 - 
Saturday, 9 Dec 2017

These bank people wants money by doing online transactions. All banks charging for each and every transaction

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 19,2020

Bengaluru, May 19: Karnataka State Road Transport Corporation (KSRTC) has begun booking of tickets from May 18. Ticket counters have been opened after implementation of new guidelines for the fourth phase of COVID-19 nationwide lockdown.

People seeking to travel can book the tickets through KSRTC booking counters, authorised franchises booking counters and online, mobile booking, according to a release.

The advanced booking has started for Bengaluru-Shivamogga, Bengaluru-Mysuru, Bengaluru-Mangaluru routes, among others.

Bookings can be made upto 30 days in advance, as per the release.

Amid COVID-19, Bengaluru Metropolitan Transport Corporation has restricted the operation services of the bus between 7 AM to 7 PM, said the release.

Passengers are permitted to travel with social distancing measures while the transport corporation will follow the standard operating procedure issued by the Ministry of Home Affairs.

The MHA had issued updated guidelines after the implementation of the fourth phase of nationwide lockdown on May 17th.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 17,2020

Riyadh, Jun 17: Saudi Arabia is expected to scale back or call off this year's hajj pilgrimage for the first time in its modern history, observers say, a perilous decision as coronavirus cases spike.

Muslim nations are pressing Riyadh to give its much-delayed decision on whether the annual ritual will go ahead as scheduled in late July.

But as the kingdom negotiates a call fraught with political and economic risks in a tinderbox region, time is running out to organise logistics for one of the world's largest mass gatherings.

A full-scale hajj, which last year drew about 2.5 million pilgrims, appears increasingly unlikely after authorities advised Muslims in late March to defer preparations due to the fast-spreading disease.

"It's a toss-up between holding a nominal hajj and scrapping it entirely," a South Asian official in contact with Saudi hajj authorities said.

A Saudi official said: "The decision will soon be made and announced."

Indonesia, the world's most populous Muslim nation, withdrew from the pilgrimage this month after pressing Riyadh for clarity, with a minister calling it a "very bitter and difficult decision".

Malaysia, Senegal and Singapore followed suit with similar announcements.

Many other countries with Muslim populations -- from Egypt and Morocco to Turkey, Lebanon and Bulgaria -- have said they are still awaiting Riyadh's decision.

In countries like France, faith leaders have urged Muslims to "postpone" their pilgrimage plans until next year due to the prevailing risks.

The hajj, a must for able-bodied Muslims at least once in their lifetime, represents a major potential source of contagion as it packs millions of pilgrims into congested religious sites.

But any decision to limit or cancel the event risks annoying Muslim hardliners for whom religion trumps health concerns.

It could also trigger renewed scrutiny of the Saudi custodianship of Islam's holiest sites -- the kingdom's most powerful source of political legitimacy.

A series of deadly disasters over the years, including a 2015 stampede that killed up to 2,300 worshippers, has prompted criticism of the kingdom's management of the hajj.

"Saudi Arabia is caught between the devil and the deep blue sea," Umar Karim, a visiting fellow at the Royal United Services Institute in London, told AFP.

"The delay in announcing its decision shows it understands the political consequences of cancelling the hajj or reducing its scale."

"Buying time"

The kingdom is "buying time" as it treads cautiously, the South Asian official said.

"At the last minute if Saudi says 'we are ready to do a full hajj', (logistically) many countries will not be in a position" to participate, he said.

Amid an ongoing suspension of international flights, a reduced hajj with only local residents is a likely scenario, the official added.

A decision to cancel the hajj would be a first since the kingdom was founded in 1932.

Saudi Arabia managed to hold the pilgrimage during previous outbreaks of Ebola and MERS.

But it is struggling to contain the virus amid a serious spike in daily cases and deaths since authorities began easing a nationwide lockdown in late May.

In Saudi hospitals, sources say intensive care beds are fast filling up and a growing number of health workers are contracting the virus as the total number of cases has topped 130,000. Deaths surpassed 1,000 on Monday.

To counter the spike, authorities this month tightened lockdown restrictions in the city of Jeddah, gateway to the pilgrimage city of Mecca.

"Heartbroken"

"The hajj is the most important spiritual journey in the life of any Muslim, but if Saudi Arabia proceeds in this scenario it will not only exert pressure on its own health system," said Yasmine Farouk from the Carnegie Endowment for International Peace.

"It could also be widely held responsible for fanning the pandemic."

A cancelled or watered-down hajj would represent a major loss of revenue for the kingdom, which is already reeling from the twin shocks of the virus-induced slowdown and a plunge in oil prices.

The smaller year-round umrah pilgrimage was already suspended in March.

Together, they add $12 billion to the Saudi economy every year, according to government figures.

A negative decision would likely disappoint millions of Muslim pilgrims around the world who often invest their life savings and endure long waiting lists to make the trip.

"I can't help but be heartbroken -- I've been waiting for years," Indonesian civil servant Ria Taurisnawati, 37, told AFP as she sobbed.

"All my preparations were done, the clothes were ready and I got the necessary vaccination. But God has another plan."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 13,2020

New Delhi, Feb 13: Ashoka Buildcon on Thursday said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka.

The project entails four laning of a section of NH-206 in the state.

Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing.

"The company emerged as the lowest bidder at the financial bid opening meeting held on February 13," Ashoka Buildcon said.

The quoted bid project cost for the project is Rs 1,035.50 crore, it added.

The company's stock was trading at Rs 103.05, down 2.78 per cent, on the BSE.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.