The Himachal Pradesh State Co-operative Bank will open four new branches and nine extension counters of the Bank in the State during current financial year. This was revealed in the Board of Directors of HP State Co-operative Bank meeting presided over by the Chief Minister, Shri Virbhadra Singh, here today.
The Chief Minister stressed for opening more branches in the far- flung areas of the State for expansion of its business and benefiting the rural population. He congratulated the Bank for recovering the Non-Performing Accounts (NPA) amounting to Rs 21 crore from the defaulters in the last two months, adding that it was for the first time that the NPA of the Bank had gone below 10% i.e. 9.6% at present.
The Chief Minister asked the bank to provide door step services through business correspondence, mobile vans and branch networks to its consumers.
He appreciated the efforts of the Bank for incorporating a new scheme namely ‘Loan Against Property’ in Banks Loan portfolio and also for implementing the Direct Benefit Transfer Scheme (DBT).
The Chief Minister expressed happiness over the Bank working as ‘Service Implementation Agency for the department of Information Technology through the Lok Mitra Kendras as all the electricity bills, HRTC tickets, land records etc were being deposited in the Bank through Village level entrepreneurs. He said that this would certainly profit the bank to the tune of rupees one crore per day after three months or so.
Shri Harsh Mahajan, Chairman, HP State Co-operative Bank said that the bank will set up 100 ATM’s by the end of this fiscal in the State.
He said that the bank intends to open new branches at 12 new places for which the licenses had been obtained from the Reserve Bank of India. The Bank will open full fledged branches at Gothai in Bilaspur, Gatadhar in Sirmaur, Rajnagar in Chamba and Mandal in Shimla. Besides the extension counters will be opened at Kudu, Matiana and Kamla nagar in Shimla district, Nanawan and Kothipura in Bilaspur district, Bir Road, Ahju and Ropri in Mandi district and Obri and Sarol in Chamba district respectively.
Apart from this, proposals for opening twenty branches and extension counters in rural and remote areas has been sent to RBI for granting licences which will soon get the approval to set up the branches in next fiscal.
These branches include Mehla, Sahoo, Killar and Dharwala in Chamba district, Narain, Delath, Rampur Bus Stand, Jalog, Thachi, Sangti, Junga, Mandarli and Mashobra in Shimla district, Paddar and Chakkar in Mandi district, Harlog, Damli and Kaulan Wala Toba in Bilaspur district, Leo in Kinnaur district and Kafota in Sirmaur district, revealed Shri Mahajan.
The extension counters will be opened at Kaithu and Jathia Devi in Shimla, Chandol in Sirmaur, Chandpur and Barmana Market and Bhager in Bilaspur, In Government Engineering College and ESIC Medical College campus in Nerchowk in Mandi.
Shri Amitabh Awasthi, Managing Director of the State Co-operative Bank said that HP State Co-operative Bank was the first bank in the country to be completely on Core banking Solutions (CBS). He said that to meet out the financial requirements of the Hydel Projects entrepreneurs adequately per mega watt rate from existing rupees six had been enhanced to rupees eight.
He said that in the quarter ending 30th September 2014 the operational profit of the bank was to the tune of rupees 107.19 crore and authorized capital to the tune of rupees ten crore.
The Non-official members of the BoD were also present in the meeting.
No comments:
Post a Comment