Port Blair, Sept 28: The 50th General Body of A & N State Coop. Bank was held on Sunday in the conference hall of the Bank. The programme was attended by Mr Saroop Lall, Ex-Chairman of the bank, Mr Kuldeep Rai Sharma, Vice Chairman, Board of Directors of the Bank, representatives of Service Coop. societies, officials and staff of the Bank.
Mr Anjan Sengupta, DGM (Bkg & Opn) emphasised that the new board has given due attention in the development of infrastructure of the bank. The bank has very recently completed Core Banking Solution (CBS) of its 41 branches. He has also informed that the bank has commenced RTGS/NEFT facility with which the customers will be able to send money to different banks directly. The bank has given importance in social sectors like Sports, Education and cultural activities besides its regular banking services. The CASA (Current A/c & Savings A/c) of the bank is 52 % which is much above the National average of 48 %. The CRAR of the bank stood at 25 %, which is much higher than the minimum stipulated CRAR of 9 % as prescribed by Reserve Bank of India.
The bank has extended assistance to SHGs to the tune of Rs. 3.94 crores and has opined that the bank shall continue to strive hard to help people, which shall help the unemployed youths in a big way.
Mr Ravinder Rao, Managing Director of the Bank read and confirmed the proceedings of the last Annual General Body Meeting held on 24th May 2015, who also presented the Annual Report 2015 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March, 2015.
An interactive session cum future road map was also held among the members and the Management of the Bank to decide on the various upcoming programmes of the bank.
Welcoming the gathering, Mr M K Rajan Kunju, Deputy General Manager emphasised that the Management of the bank has given due importance for the overall development. He also urged that the bank had taken active participation in Govt. Sponsored schemes and covered over 15000 customers under PMJDY. A total of over 8000 customers were covered under Pradhan Mantri Suraksha Bima Yojana (PMSBY) by the bank. The bank’s total business has reached to a figure of Rs 1000 crores with an extensive reach to over 3.00 lakhs customers’ right from Diglipur at extreme North to Campbell Bay at the extreme South. The Net Profit of the Bank has gone up from Rs. 2.93 Crore to Rs. 4.44 Crore, thus registering an all time high growth of 51 %. The CD Ratio of the bank stood at 58 %. He also urged that the bank had made such an historic profit with the hard work of the staff and guidance of Management of the bank. Mr Raju M Paul, Deputy General Manager (Recovery) of the Bank proposed the vote of thanks.
