Port Blair, Sep 24: The Annual General Body of A & N State Coop. It was held on 23rd September, 2023 at the Conference Hall of the Bank. The programme was chaired by Mr. Bhagat Singh, Chairman and also attended by Board of Directors of the Bank, representatives of various Service Coop. societies, Senior officials and staff members of the Bank.
The 57th Annual General Body was started with the presentation of bouquets to the chairman and Board of Directors.
At the beginning, Mr. K. Subramanian, Director, A&NStCB, Chairman In-Charge of the meeting welcomed all the delegates for the 57th Annual General Body Meeting.
At the outset, Mr. 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, Banking, etc. He appraised the forum that the Bank is in sound position and had earned a Net Profit of Rs. 607.77 Lakhs for the year 2023. He appreciated the team for the overall performance of the Bank.
Mr. Narayan Chandra Mondal, Manager, (A&I) of the Bank read and confirmed the proceedings of the last Annual General Body Meeting held on 31.10.2022, and also presented the Annual Report 2022-23 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March,2023.
He also urged that the bank resolves to achieve continuous and meaningful growth by making effective use of its human resources and leveraging its large network of branches and technology. The CD Ratio of the bank stood at 71.14%. He also urged that the bank has launched RuPay KCC debit Card for crop loan and the Bank has tied up with one 97 communication Ltd. (PAYTM) to provide QR code facilities to the 42 Gram Panchayats, 01 Panchayat Samity, Merchants and customers of the Bank. The Bank has inaugurated 02 Nos. Demonstration of banking products through mobile van at Hut bay and Campbell Bay Branches. He showed the comparative statement that all over India as per population wise our bank is doing well.
The Banks’ total business has crossed Rs. 220215.87 Lakhs with an advances portfolio of Rs. 91541.15 Lakhs and Deposit portfolio of Rs. 128674.72 Lakhs. The Banks’ CRAR stands at 10.06%.
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.
The 57th General Body Meet ended with a vote of thanks proposed by Mrs. Jolly James, GM (Development).
