Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Bank Sohar sponsors seminar on Retail Banking Renaissance  Join our daily free Newsletter

MENAFN - Muscat Daily - 19/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Bank Sohar recently sponsored a CPE seminar organised by the Muscat Chapter of the Institute of Chartered Accountants of India (ICAI) titled Retail Banking Renaissance'.

Held at the Muscat Hall of College of Banking and Financial Studies (CBFS) in Bausher, the event was attended by Ram Santhanam, CFO of the Salalah Free Zone, as the guest of honour, as well as more than 150 ICAI members and guests. Representing Bank Sohar at the event were R Narasimhan, DGM and head of retail banking, Nandakumar, senior AGM of retail banking and products, Salim Khamis al Maskeri, Senior AGM of branches, Khamis Masoud al Rahbi, AGM of branches, Sandeep Soni, head of retail sales and distribution, Redha al Lawati, head of retail liabilities, together with several other branch managers from the Muscat region.

The seminar was inaugurated with a welcome address by CA Anuradha Venkatkrishnan, chairperson of ICAI Muscat Chapter followed by a detailed presentation on the Changing landscape in the Retail Banking business and Retail Renaissance' by Narasimhan, who gave a comparison of global changes in retail banking business which is equally well adapted by Oman's retail banking space.

Further, Narasimhan gave a full view of the supporting role of the regulator, challenges and Bank Sohar's strategy to position in the retail banking by adopting superior technology, skilled human resources and innovative products. This was followed by a presentation by Nandakumar, who touched on the role of technology in structuring retail products, including loan origination system, remote online payment services, bank assurance and latest remittance platforms.

In addition an overview of the bank's Al Mumayaz Savings Scheme 2014 was presented to the audience by Redha, head of retail liabilities. The final presentation was delivered by Soni who focused on effective customer contact strategies, achieving productivity through smart approaches and distribution strategies to reach the customer. The event concluded with a vote of thanks by CA Umesh Kumar, vice chairman of the ICAI Muscat Chapter.

Bank Sohar's retail banking division offers customers a comprehensive range of products and services. These start with the Al Mumayaz Children Savings Account, a customised savings product exclusively for young children, together with other incentive linked savings products, business banking current accounts, high-yield fixed deposits and various other investment linked products to cater to the savings and investment requirement of the bank's customers.<


 


Muscat Daily




  MENA News Headlines
 Feb 27 2015 - UAE's Etisalat posts USD13.28b revenue in 2014MENAFN
(MENAFN) UAE's Etisalat , or Emirates Telecommunications Corporation, posted USD2.42 billion net profit on revenues of USD13.28 billion in 2014, Gulf News reported.The telecommunications company said ...

 Feb 27 2015 - Oman's economic growth projected at USD75b in 2015MENAFN
(MENAFN) Oman's real gross domestic product (GDP) growth is projected at about 3.2 percent and 3.4 percent in 2015 and 2016, respectively, by global rating agency Standard & Poor's, Times of Oman ...

 Feb 27 2015 - UAE's Meraas gets USD588.8m contracts for advanced Dubai property projectsMENAFN
(MENAFN) UAE's Meraas was awarded USD588.8 million worth of contracts to Al Futtaim Carillion to build its ambitious Le Mer and Dubai Creek Waterfront schemes, The National reported.The project is ...

 Feb 27 2015 - Lebanon-born Syrian refugees risk stateless legal limboAFP
(MENAFN - AFP) Syrian refugee Yasmine Khalaf lies next to her day-old daughter Israa in a Lebanese hospital, worrying that her tiny newborn risks life without a legal identity. Israa, sleeping ...

 Feb 26 2015 - Jordan- King departs for CairoJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)- His Majesty King Abdullah II on Thursday left for Cairo on a visit to Egypt during which he will hold talks with Egyptian President Abdul Fattah ...

 Feb 26 2015 - Jordan- 688 dead 14000 injured in traffic accidents in 2014Jordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Statistics issued by the Central Traffic Department (CTD) Thursday showed that the number of traffic accidents and deaths had declined in 2014 ...

 Feb 26 2015 - Jordan- Conference on women in Sharia concludes meetingsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb.26 (Petra) - The closing session of Women in Sharia" conference which concluded meetings Wednesday evening discussed challenges faced by workers in the defense ...

 Feb 26 2015 - Jordan condemns burning of church in Jerusalem by Jewish extremistsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Minister of State for Media Affairs Mohammad Al Momani Thursday condemned the burning of a church by Jewish extremists in occupied Jerusalem earlier ...

 Feb 26 2015 - Jordan NATO discuss ties counter- terrorism effortsJordan News Agency
(MENAFN - Jordan News Agency) Amman Feb. 26 (Petra)Secretary-General of the Ministry of Foreign Affairs and Expatriate Affairs Mohammad Bani Yaseen and NATO Assistant Secretary General for Emerging ...

 Feb 26 2015 - Lebanese economy to grow 2.2 percent in 2015MENAFN
(MENAFN) Lebanon anticipates its economy to grow 2.5 percent in 2015, according to finance minister, after reporting a Eurobond of USD2.2 billion, the largest issue in the country's history, ...

more...


 






Google

Electronic & Mobile Payment

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help