The Board of Directors of the Nagaland State Cooperative Bank undertook a study tour to Tripura State Cooperative Bank Ltd, in Agartala from 27 January to 31st January 2020 to apprise themselves of the best banking practices.
It bears recall that Tripura State Cooperative Bank operating with 66 branches in the state, is the first amongst the seven State Cooperative Banks in North East India to get Second Schedule status under the Reserve Bank of India Act.
“The study tour was possible with the support from NABARD, Nagaland R.O under Cooperative Development Fund”, says a press release from the Bank.
Kekhwengulo Lea, Vice Chairman of the Nagaland State Cooperative Bank led the team which comprised of seven Board of Directors and three bank officials headed by Abhijit Kumar Deb, General Manager.
The study focused on diversification of activities both credit & non-credit business, banking counter and digitization of business operations undertaken by PACS and LAMPS in Tripura.
The team acquainted themselves with the functioning and the best practices adopted by cooperative societies at the grass roots level.
The team visited bank’s Belonia branch, whose major operation is Tripura Government’s e-stamping services to rural customers, three Primary Agriculture Credit Societies (PACS) and two Large Area Multipurpose Societies (LAMPS) operating in autonomous district councils of the state, as well.
A joint meeting was held with BODs and HO officials of the Tripura State Cooperative Bank where the Chairman and the Managing Director of the bank apprised the team members of their management system, deposit products, diversified credit profile, NPA management through strategic recovery planning, CBS technology adopted by the bank for its inclusion in the Second Schedule of RBI.
The Management of the Nagaland State Cooperative Bank take this opportunity to convey their sincere gratitude to NABARD for sponsoring the Study Exposure.