Anil Gadve, under whose leadership his panel won the recent elections of Pune based Vishweshwar Sahakari Bank (Multi State Co-op Bank), has an ambitious plan to take the bank to newer heights.
“We are looking forward to taking our business to more than Rs 5k crore in a span of three years and we are sure that we will achieve this target. At present our business mix is around Rs 2600 crore”, said Gadve while talking to this correspondent soon after the elections.
Gadve further added, “We also received the permission from Reserve Bank of India for net banking, it will be live for our customers in a couple of months. Besides, we have submitted the application before the RBI for giving us permission to open three branches but the reply is still awaited”.
“We will also focus on lowering down the NPA levels to Zero precent. At present the net and gross NPAs are 3 and 5 percent respectively. We will make a strategy to reduce the NPAs soon”, Gadve asserted.
It bears recalling that the panel led by Anil Gadve and the outgoing Chairman Sunil Rukari made a clean sweep of the elections held last week. Candidates from the opposition panel forfeited their security deposits.
The new board comprises 11 elected directors, out of which 4 are new, the rest are old hands. In the elections only one director got elected unopposed and the elections were held for 10 seats.
Readers would recall that the bank has completed 50 years of its existence and organized scores of events to mark the celebrations.
Vishweshwar Sahakari Bank has a network of 28 branches across the states of Maharashtra and Karnataka. In the last financial year, the bank earned a net profit of Rs 14 crore.
The Bank was established by Late Namdeorao Rukari, Bharatsheth Gadve & Baburao Harpale with the noble aim of taking the Bank and banking services to the common people by adopting the principle of cooperation.
