News and Pics from Rons Bantwal
Daijiworld Media Network—Mumbai (RD/CN)
 
Mumbai, Mar 19: The foreign exchange division of the Bharath Co-operative Bank (Mumbai) Limtied was inaugurated on Wednesday March 18.  Former Bharath Bank chairman and director Jaya C Suvarna inaugurated the foreign exchange division at their head office located at Fort. 
 
Suvarna, speaking on the occasion, said that it is a long-awaited demand and while emphasized the vital role of foreign exchange in enhancing the bank’s earnings.
 
Bank chairman Vasudev R Kotian after inaugurating the internet connectivity said that the bank has been awarded the license to deal in foreign exchange by the RBI and is among the very few co-operative banks in the country to get this facility. 

He added that it is a proud moment for the bank directors and customers alike since the bank has set up its foreign exchange division within five months of being granted the license.
 
Bank chief general manager Prof J C Poojary was also present on the occasion.
 
Bank foreign exchange division chief and assistant general manager V S Shanbagh, addressing  media persons said that the bank was transacting foreign exchange dealings with the nationalized banks in the past, and opening its own division will entitle bank customers to avail foreign exchange services besides other financial services. 

He stressed that the customers of the bank customer can expect efficient and swift banking services.
 
Bank director Bhaskar Salian, general manager B K Amin, A R Amin, C R Mulky, deputy general manager Keshav Poojary, assistant general manager Shobha Dayanand, and branch managers were present.