Ajit Singh Sehra and Ranjit Kaur have recently been elected as the Chairman and Vice-Chairman of Delhi based Ramgarhia Cooperative Bank respectively. Sehra has replaced Inderjeet Singh who did not contest the election this time.
The bank’s election was recently held in the Capital for which voting took place at Ramjas School in Paharganj. About 1445 voters cast their votes. Out of 1445 votes, Ajit Singh Sehra got 988 votes whereas his rival Shailendra Singh Shami got only 210 votes.
Ranjit Kaur who ran for vice-chairman received 1045 votes where as her rival Surjeet Singh got 300 votes.
There were two panels in the election and about 62 nominations had been filed out of which 26 nominations were left after withdrawal. The term of the board is for three year.
After the declaration of his name, Sehra was profusely garlanded and cheered by his supporters. An emotional Sehra expressed thanks to his supporters.
Talking to this correspondent the newly elected Bank Chairman Ajit Singh Sehra said “The election was tough yet we achieved a tremendous victory. The members have elected us on the basis of the good work we have done. I had been the bank’s Vice-Chairman for the last six years and now I am elected as the Chairman”, he said with a sense of satisfaction.
“I have plans to take the bank to newer heights starting net banking, mobile Banking, install ATMs, branch expansion and many other new projects. The staff security is also on my agenda”, Sehra added.
Earlier, in a recently held Annual General Meeting (AGM), the Bank announced that it has had the turnaround in its fortunes and not only that the bank has earned a profit.
It bears recall that the bank had registered a loss of about one crore in the previous fiscal. In flat one year the UCB not only covered its losses but also earned a profit. What a performance!
The bank earned a profit of Rs 26 lakh in 2016-17. The Ramgarhia Cooperative bank was established in 1941 under the name of Central Ramgarhia Thrift and Credit Cooperative Society in Paharganj, Delhi under the leadership of late Dr. Sunder Singh.