Kottayam District Cooperative Bank has bagged award at a two day India Investment Summit 2016 organised by the Finance Ministry. Union Finance Minister Arun Jaitley also participated in the function.
Awards were given to several other banks in different categories for their performance in the Atal Pension Yojana. State Bank of India (SBI) received the award for highest number of accounts sourced. Andhra Bank was adjudged the “Best Performing Bank in the category of Public Sector Banks (PSBs)” and Tamilnad Mercantaile Bank in the category of private banks. Madhya Bihar Gramin Bank was picked in the category of regional rural banks.
The summit aimed at inviting foreign investors in roads, highways, oil and gas, urban infrastructure and railways. In the summit Jaitley promised to come out with insolvency clause billed as crucial for success of start-up industries.
He also held meeting with the UAE Official Delegation and several potential investors including European investment banks and sovereign funds of countries such as Singapore.
