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Port Blair, Mar 26: The 54th General Body of A & N State Coop. Bank was held on 25th March, 2018 at the Conference Hall of the Bank. The programme was chaired by Shri. Kuldeep Rai Sharma, Vice Chairman and also attended by the Board of Directors of the Bank, representatives of various Service Coop. societies, Senior officials and staff members of the Bank.
At the beginning, Shri. Kuldeep Rai Sharma, Vice Chairman of the Bank welcomed all the delegates for the 54th Annual General Body Meeting. He further appraised the forum that the Bank is in sound position and had earned a Net Profit of Rs. 3.90 Crores for the year 2016-17. The bank has achieved “A” Grade certificate from the Registrar of Coop. Societies (RCS) and has earned 1st Prizes among all the State Cooperative Banks across the Country as per the decision of the NAFSCOB Meeting.
At the outset, Shri. K. Murugan, Managing Director welcomed all the Delegates and has emphasized that the Management of the bank has given due importance for the overall development in terms of IT, Infrastructure, Banking, etc. He also urged that the bank had taken active participation in all the Govt. Sponsored schemes and covered over 14000 Savings Accounts account under PMJDY with 100 % Aadhar linkages in PMJDY accounts. The CD Ratio of the bank stood at 56.96 %. He also urged that the bank had made such an historic profit with the guidance of the Management and hard work of the staffs. He has also informed that the bank has commenced RTGS/NEFT/IMPS facility with which the customers will be able to send money to different banks directly.
The Banks’ total business has crossed Rs. 1269 Crores with an advances portfolio of Rs. 438 Crores and Deposit portfolio of Rs. 829 Crores. The Banks’ CRAR stands at 22 % and the bank is maintaining a surplus of Rs. 185 Crores as on 31.03.2017 after making all commitments. He also opined that the bank shall continue to strive hard to help people improve socio-economically and touch more lives.
Shri. K Murugan, Managing Director of the Bank read and confirmed the proceedings of the last Annual General Body Meeting held on 18.12.2016, who also presented the Annual Report 2017 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March, 2017.
An interactive session cum future road map was also drawn among the members and the Management of the Bank to decide on the various upcoming programmes of the bank.
All the members from various Cooperative Societies present in the General Body Meeting appreciated the Management & Staff of the bank for performing to get 1st Prize in All India Level.
The 54th General Body Meet ended with vote of thanks proposed by Shri. Anjan Sengupta, DGM (Banking).
