MUMBAI: Public sector lender Bank of Baroda on Saturday said it has extended financial support to business correspondents through ex-gratia of ₹10 lakh in case of loss of life and health insurance cover of ₹60,000 in the wake of the covid-19 pandemic. "Besides, to ensure maintenance of hygiene and safety, the bank is also providing additional support in tranches to keep the BC points sanitized and clean through sanitizers, disinfectants and use of mask.
In the first tranche, ₹2,000 was provided to each active and functional BC in the month of April 2020. In May, each active and functional BC will be provided ₹1,000 for hygiene maintenance purposes," the bank said.