Port Blair, Jul 22: The 58th Annual General Body of Andaman & Nicobar State Cooperative Bank Ltd was held on 20th July, 2024 at its Conference Hall of the Bank. The programme was Chaired by Mr. K. Subramanian, Chairman, (In-Charge) A&NStCB Ltd and attended by Board of Directors of the Bank, Members of PACS (Primary Agriculture Cooperative Societies Ltd), representatives of various affiliated Apex, Central and Primary Cooperative Societies, Senior officials and staff members of the Bank.
The 58th Annual General Body was started by observing 02-minute mourning for remembrance of our Late. Bhagat Singh, Chairman, A&N State Cooperative Bank Ltd and lighting up the traditional lamp.
At the beginning, Mr. K. Murugan, Managing Director welcomed all the Delegates for the 58th Annual General Body Meeting and emphasized that the Management of the bank has given due importance for the overall development in terms of, Banking, IT etc. He appraised the forum that the Bank is in sound position and had earned a Net Profit of Rs. 272.59 Lakhs for the year 2024. He appreciated the team for overall performance of the Bank. He further informed that the Bank have started new initiative for the welfare of the customer and the General Publics. The Bank is started new schemes i.e. Micro Loan for small traders, Holiday loan, Maternity Loan, Tuition loan, Maha Dhan Labh Schemes etc. The Bank has also launched RuPay KCC, QR code facilities, and 02 Nos. Demonstration van for Mayabunder and Havelock Branch for unbanked areas.
Mr. Narayan Chandra Mondal, Manager, (Finance & Account) of the Bank read and confirmed the proceedings of the last Annual General Body Meeting held on 23.09.2023, and also presented the Annual Report 2023-24 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March, 2024.
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 Banks’ total business has crossed Rs. 2500 Crores and the Banks’ CRAR stands at 14.28%.
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 58th General Body Meet ended with vote of thanks proposed by Mrs. Jolly James, GM (Dev.), A&N State Cooperative Bank Ltd.
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