Func­tion­ing of Co­op­er­a­tive Banks re­viewed

The Northlines - - STATE - NL COR­RE­SPON­DENT JAMMU, DEC 07

Sec­re­tary Co­op­er­a­tives and Tribal Af­fairs, Ab­dul Ma­jid Bhat to­day re­viewed the func­tion­ing of Co­op­er­a­tive Banks of Jammu Divi­sion, here at a meet­ing.

Reg­is­trar Co­op­er­a­tive So­ci­eties in­formed the Sec­re­tary that there are nine Co­op­er­a­tive Banks in the divi­sion with 271 branches and around 1606 em­ploy­ees.

Thread­bare dis­cus­sion was held with CEOS and MDS of Cen­tral Co­op­er­a­tive Bank (JCCB) Ltd, J&K State

Co­op­er­a­tive Agri­cul­ture and Ru­ral Devel­op­ment Bank Srinagar (JKSCARD), Ci­ti­zen's Co­op­er­a­tive Bank (CCB), Ltd, De­vika Ur­ban Co­op­er­a­tive Bank (DUCB)LTD to up­lift and make these profit earn­ing fi­nan­cial in­sti­tu­tions.

The Sec­re­tary said that banks should be farmer friendly which will help to boost the State econ­omy as large por­tion of peo­ple are de­pen­dent on farm­ing in the state. "We should co­or­di­nate with other lead­ing banks to en­hance the bank­ing fa­cil­i­ties to the com­mon masses", he added.

He fur­ther said that it was the prime duty of bank man­age­ment to im­prove the cred­i­bil­ity of their banks which would help in pro­duc­ing em­ploy­ment, earn­ing units in a big­ger way. He said main­tain­ing the ac­count­abil­ity and trans­parency in the banks forms key to make them profit earn­ing units. Stress­ing upon the dig­i­ti­za­tion, he asked of­fi­cials to in­stall the nec­es­sary in­fra and other fa­cil­i­ties to the ac­count hold­ers as other lead­ing banks do.

Ma­jid im­pressed upon em­ploy­ees to re­dou­ble their ef­forts to strengthen the banks and make gen­eral masses aware about the Co­op­er­a­tive schemes. He also asked them to work with added zeal and zest.

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