The Gujarat State Cooperative Bank has achieved a lot in the preceding years. We present below a list of its achievements.
- Extended the benefits of agri-crop loans at 7% to 25 lakh farmers of the entire State and 4% to the farmers who repay their loans within due date with benefit of 3% interest subvention.
- NABARD has first time certified that Bank protects the interest of the depositors under Sec-23 of BR Act
- Helped the farmers availing loans from coop. Banks to get the benefit of 2% interest subvention to the extent of Rs.123 crores from Government of Gujarat.
- MOU with TCS through NABARD to link 15 District Cooperative Banks by CBS
- RTGS, NEFT, Stamp Franking, Negotiated Dealing System (NDS) and Safe Deposit Locker Facilities available.
- Successful re-functioning of Panchmahal District Cooperative Bank by removal of restriction imposed by RBI under Section 35(A)
- Infusion of capital assistance of Rs.84 crores by Government of Gujarat to attain eligibility for Banking License for Kutchh, Surendranagar, Baroda and Junagadh district cooperative Banks.
- Bank is awarded the first rank by NAFSCOB, India for the year 2011-12.
- Housing Loan and Vehicle Loan at reasonable rate for the public.
- Project for modern well equipped new Bank building and farmers’ hostel
- Obtained RBI license for opening of 6 branches in Ahmedabad city.
- Best Performing Co-operative Organisation Awarded by NCUI
|
No |
Parameters |
2007-08 |
2008-09 |
2009-10 |
2010-11 |
2011-12 |
2012-13 |
|
1 |
Share Capital |
17.02 |
18.95 |
19.07 |
19.70 |
20.62 |
22.50 |
|
2 |
Reserves |
348.59 |
380.10 |
337.84 |
350.28 |
371.49 |
494.89 |
|
3 |
Advances |
2186.20 |
1786.58 |
1915.91 |
2531.51 |
3624.08 |
4516.59 |
|
4 |
Deposits |
2617.32 |
3209.95 |
4473.81 |
4864.54 |
4861.57 |
5274.68 |
|
5 |
Profit / Loss |
6.30 |
(-) 52.66 |
7.60 |
13.70 |
18.85 |
66.36 |
|
6 |
Dividend |
15% |
— |
8% |
14% |
15% |
15% |
