Mizoram Chief Minister’s Adviser Pu TBC Lalvenchhunga inaugurated the 31st branch and an ATM booth of the Mizoram Cooperative Apex Bank at Chawlhhmun, Aizawl on Wednesday.
Speaking at the event, Pu Lalvenchhunga expressed appreciation for the opening of the second Apex Bank branch in his constituency.
He emphasized the vital role the Apex Bank plays not only in generating employment for Mizos but also in offering loans that stimulate economic growth and development. He noted that the bank maintains one of the best Credit Deposit Ratios in the state, making it a trusted financial institution.
Apex Bank Chairman, Pu Lalnunsanga, also addressed the gathering, highlighting that the Apex Bank differs from other commercial banks as it is specifically established to support the agriculture sector and farmers.
He further noted that with the Mizoram government as a major shareholder, the bank truly belongs to the people of Mizoram. He added that the Apex Bank has been at the forefront of promoting the cooperative movement in the state and remains one of the most reliable institutions for providing quality loans.
It is worth mentioning that in FY 2024–25, the Mizoram Cooperative Apex Bank Ltd. recorded deposits of Rs 1,690 crore, with loan disbursement of Rs 1,217 crore. The bank also achieved a net profit of Rs 45 crore.
Respected sir.
Firstly thanks to Sri Amith Shah sir being a cooperative minister 1) when district cooperative central banks will get merger with apex banks? 2) Why ministry of cooperative not taking steps against district cooperative banks? 3) If Merger of DCCB will increase the Indian economy also and farmers will get directly benefit from apex to paccs level.. Now ministry of cooperative taken good step for paccs computerization but first merger of dcc banks with apex banks it will help paccs computerization with good benefit put one dcc banks employees to CEO of paccs for till end of paccs computerization and our indian economy will also increase automatically and also we can move it share market. 4) Reserve bank of india introduce amalgamation of district cooperative bank into state cooperative bank in the year 2021 Why this amalgamation is not implemented is there any political pressure? 5)Every district cooperative banks controlled by politician it effects to farmers for not getting loan at proper manner because of politician and politics? 6) implementation of B.R act is stuck why? 7) When national cooperative policy will introduce it has been telling from last year of October 2023 but still it is pending why? 8)reduce the cost of operations. NPA and risk management are benefited. It sees a bigger capital base and higher liquidity that reduce the burden of capitalising merger may also help in financial inclusion and broadening the geographical reach of banking operation. Please Merger of all district cooperative banks with state cooperative banks and Save the cooperative banks for farmers benefits. Please reply my question am waiting for your answers.