On the occasion of the 76th Annual General Meeting (AGM) of Dehradun District Cooperative Bank has announced that it will give 20 percent dividend to its 550 member societies. The meeting was recently held at Haridwar road.
Despite demonetization the bank has performed well and earned a net profit of Rs 9 crore in the FY 2016-17 compared to the previous fiscal. The Bank is planning to give credit card facilities, net banking, mobile banking, IMPS to their customers. The bank has installed CBS and computerized all its 23 branches said Dr K S Rana while addressing the AGM.
Dhan Singh Rawat, Cooperative Minister Uttarakhand had been invited as the chief guest but could not make it due to his preoccupations.
Rana informed the delegates that the NPA of the bank is 35.82 crore and in this financial year the bank has recovered Rs 3.76 core. The increase of NPA is a major challenge for the banks but the management is making efforts to recover the loans.
Under the scheme of Dendayal Upadhyay Sahkarita Kisan Kalyan we are giving loan to farmers at the interest rate of 2 percent upto Rs 1 lakh. The management of District Cooperative Bank will also give reward to the branch managers for their good work, he said.
“We have decided to strengthen the cooperative movement in the state for which the bank would send the
Highlighting the achievements Rana said, we have opened new branches and also set-up woman banks to strengthen the women of the state. The DCCB is having around 21 branches.
Uttarakhand State Cooperative Bank Vice-President Manvendra Singh, DCCB Managing Director Ram Singh Maurya, BJP leader Puneet Mittal, Basant Singh, Dharm Singh Rawat and others were present on the occasion.