Maharashtra based Nashik Road Deolali Vyapari Sahakari Bank is aiming to achieve a business mix of Rs one thousand crore by 2020. The UCB also vows to open branches in each tehsil of Nashik, said Datta Namdeo Gaikwad to Indian Cooperative.
“Presently we have achieved a business mix of over 750 crore in which deposits are around Rs 475 crore and Loan and advances are about Rs 271 crore. We have set the target of Rs 1000 crore to be achieved till 2020. It will be easily achievable”, he claimed.
Gaikwad further asserted that the UCB has branch network of 27 along with 15 ATMs in the Nashik district. “We are also looking to open more branches to attract more and more customers in the coming days. Our target is to open branches in every tehsil of Nashik”, added Chairman of the Bank.
During his visit to Nashik, the State Registrar of Cooperative Societies Satish Soni visited the bank headquarters and reviewed the financials of Bank.
Soni praised the efforts of the bank in maintaining the NPA accounts and was happy with the progress of the bank. The bank management also felicitated Soni with shawl and memento.
Highlighting the financial achievement of the UCB Gaikwad further said, “Our Net NPA is 0 percent and Gross NPA is less than 5 percent which indicate our recovery is good. More than 70,000 shareholders are associated with the bank and they are mostly farmers. In last FY bank earned a net profit of Rs 5 crore”, he underlined.
Bank is also ahead in the field of technology. It has a Data Centre of its own and it also offers mobile banking facilities to its members. All branches facilitate ABB, SMS Banking, Phone Banking as well as Core Banking.
ATM Card swapping facilities on all swapping machine at malls, petrol pump, hotels, paying utilities bill, Dish recharge, mobile recharge, cheque book request, A/c statement request, registration / change of mobile number request, fixed deposit receipt request etc are some other features which have made the UCB popular in the region.
Established in 1961, the bank has made steady progress with the geographical presence in the city of pilgrimage Nasik, Maharashtra, India. The bank has taken leap towards progress through technology under the dynamic board of directors.
The Bank has launched different schemes and services tailor-made to suit the needs of various customers.