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Achievements |
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Introduction:
- Established in 1945
- Completed 65 years as on 12th November 2010
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• Last 6 years have been of excellent performance.
• Audit Class A by Joint Registrar Co-op. Society in F.Y. 2010-11.
• Implementation of CBS.
• Introduction of ATM.
• The Bank declared Dividend @8% in F.Y. 2010-11.
• The employees were paid ex-gratia @8.33%.
• Implimentation of Personalized Cheque Book.
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| Particulars |
2009-10 |
2010-11 |
| Capital |
2.42 |
3.00 |
| Reserves & Surplus |
6.52 |
6.46 |
| Deposit |
82.00 |
97.00 |
| Advances |
53.00 |
66.00 |
| Profit |
0.33 |
0.42 |
| CRAR |
12.25% |
11.08% |
Some of the important work-ethics of the Bank:
(a) Complete transparency
(b) Appointment of personnel at important position on permanent basis
(c) Retention of talent by offering better service conditions
(d) Introduction of Accountability Policy
(e) A proper hierarchy in recommending/sanctioning of loans.
(f) More weightage to collateral security while granting loans.
(g) Unique Loan Products for each type of client.
(h) our ALCO Committee decides interest rate policy based our own
Assets-Liability maturity position
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