Success story of The Gujarat State Co-op Bank Ltd. Ahmedabad

The Gujarat State Cooperative Bank has achieved a lot in the preceding years. We present below a list of its achievements.
  • Extended the benefits of agri-crop loans at 7% to 25 lakh farmers of the entire State and 4% to the farmers who repay their loans within due date with benefit of 3% interest subvention.
  • NABARD has first time certified that Bank protects the interest of the depositors under Sec-23 of BR Act
  • Helped the farmers availing loans from coop. Banks to get the benefit of 2% interest subvention to the extent of Rs.123 crores from Government of Gujarat.
  • MOU with TCS through NABARD to link 15 District Cooperative Banks by CBS
  • RTGS, NEFT, Stamp Franking, Negotiated Dealing System (NDS) and Safe Deposit Locker Facilities available.
  • Successful re-functioning of Panchmahal District Cooperative Bank by removal of restriction imposed by RBI under Section 35(A)
  • Infusion of capital assistance of Rs.84 crores by Government of Gujarat to attain eligibility for Banking License for Kutchh, Surendranagar, Baroda and Junagadh district cooperative Banks.
  • Bank is awarded the first rank by NAFSCOB, India for the year 2011-12.
  • Housing Loan and Vehicle Loan at reasonable rate for the public.
  • Project for modern well equipped new Bank building and farmers’ hostel
  • Obtained RBI license for opening of 6 branches in Ahmedabad city.
  • Best Performing Co-operative Organisation Awarded by NCUI

No

Parameters

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

1

Share Capital

17.02

18.95

19.07

19.70

20.62

22.50

2

Reserves

348.59

380.10

337.84

350.28

371.49

494.89

3

Advances

2186.20

1786.58

1915.91

2531.51

3624.08

4516.59

4

Deposits

2617.32

3209.95

4473.81

4864.54

4861.57

5274.68

5

Profit /  Loss

6.30

(-) 52.66

7.60

13.70

18.85

66.36

6

Dividend

15%

8%

14%

15%

15%

 

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