CA Vivek Patki and Sharad Gangal have been elected unopposed as the Chairman and Vice-Chairman of one of the leading Multi-State Scheduled Cooperative Banks from Maharashtra- TJSB Sahakari Bank. Vivek Patki replaces C.Nandgopal Menon as the Chairman.
The election was held on Sunday. The new board members are from various walks of life including Chartered Accountants, Advocates, Industrialists, professionals etc.
Announcing the results, the election officer Sandeep Malvi said “CA Vivek Patki and Sharad Gangal have been elected unopposed as the Chairman and Vice-Chairman respectively. The new board is in place for the period 2020-2025, a period of 5 years.”
“CA Vivek Patki who has experience in the field of finance and audit has been elected as Chairman”, the official announcement read.
Sharad Gangal who was elected as Vice Chairman is one of the renowned personalities from the field of Human Resource Development. Gangal has also served as Vice Chairman for 3 years in his previous term as director of TJSB.
The other board members include C. Nandgopal Menon, Ramesh Kanani, Adv. Pradeep Thakur, Dileep Sule, Anuradha Apte, Madhukar Khutade, Dr Ashwini Bapat, Adv. Sameer Kamble and CA. Vaibhav Singhavi.
During the financial year 2018-19, the UCB gross profit rose to Rs 223 crore and Net Profit stood at Rs 141 crore despite adverse market conditions. Though the business growth is 6.65%, the bank’s Net Profit registered a growth of 11.90%.
TJSB will complete its 50 years in 2022 and has kept a vision of achieving a business-mix of Rs. 25,000 crore through 200 branches.
TJSB presently caters to the needs of society through a close network of 136 Branches spread all over the states of Maharashtra, Goa, Karnataka, Gujarat, and Madhya Pradesh.
Soon after the elections, the duo of Patki & Gangal vowed to continue the good works undertaken by the outgoing team. The presence of financial experts in the board are sure to prove an asset for the new team, they said.
It bears recall that TJSB is held high in UCB sector for its auditing standards and cutting-edge technology. Cyber security would continue to be an issue of prime importance for us, reiterated the newly elected Chairman Mr Patki.