New Delhi: Executive Director, Bank of Maharashtra Shri R. K. Gupta handed over the cheque of Rs. 10.00 Lakhs to Shri Rajiv Yadav, Secretary (Sports), Ministry of Youth Affairs and Sports as a CSR contribution. NSDF will utilize this fund for promotion of sports and individual sports persons for achieving excellence at the National and International level.
NSDF supports sportspersons who excel in the various sports by providing opportunities to train under coaches of international repute with technical, scientific and psychological support and also in getting exposure to international competitions.
Bank of Maharashtra has come up with good Financial Results with Total Business of Rs 2.34 lakh crore as on 31.12.2015. Net Profit (Rs 89.00 crore) of the Bank for Q3 grew by 55.59% over corresponding quarter of previous year. The share of CASA to Total Deposits improved to 35.11% and the capital adequacy ratio under Basel III norms was at 11.50% as on 31.12.2015 against the regulatory required level of 9%.
Bank of Maharashtra has donated this fund under its CSR (Corporate Social Responsibility) policy to support youth emerging in various sports discipline.
Bank of Maharashtra is having pan India presence always supporting sports person. Bank is always showcasing its social responsibility by providing financial assistance on various occasions, e.g. Swachh Bharat Abhiyan, Chennai Flood, Providing drinking water to villages etc.
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