Kashmir reader reports J&K State Cooperative Bank held an annual general meeting of shareholders in Srinagar at its corporate headquarters with delegates from several member societies attended the meeting.
In his remarks at the meeting, the bank’s chairman stressed the need to revive the three tier structure of the co-operative sector urging the delegates to popularize the cooperative movement at the grassroots level.
The bank’s MD presented an overview of the bank’s financial background and claimed the bank’s business had crossed 900 crore as on 31-3-16 and is expected to cross 1000 crore this fiscal. He also informed that the bank has achieved the target of 9 percent CRAR as on 31-3-16.