UPCBL comes of age; Minister launches net banking and mobile ATM

Uttar Pradesh Cooperative Minister Mukut Bihari Verma launched the Net Banking facility, flagged off the mobile ATM van and opened a grievance portal of State Cooperative Bank on Tuesday at the bank’s staff training institute located at Indira Nagar, Lucknow.

Sharing the news with Indian Cooperative, Varun Mishra, Managing Director, UPCBL said, “Cooperative Minister Mukut Bihari Verma has officially launched our internet banking facility in the presence of B L Meena, Principal Secretary (Cooperatives), our Chairman Teejveer Singh and other office bearers, staff members and others.”

“We had got the RBI nod for starting the said facility in the month of June this year”, he added, said Mishra who is in the additional charge of the MD after the former MD Bhupendra Vishnoi was removed from the post.

“Now, this facility will work on a trial basis for one month and employees of UPCBL will use this facility. After rectifying the errors, if any they will upload the same at the grievance portal”, Mishra underlined.

Later on, the Minister also shared the news through social media along with photographs. He wrote, ” Today at the auditorium of the Agricultural Cooperative Staff Training Institute run by Uttar Pradesh Co-Operative Bank Ltd at Indira Nagar, Lucknow launched the UPCB’s Mobile ATM Van, Net Banking, Micro ATM and Grievance Portal”.

It bears recall that the UPCBL had struggled to get the internet banking facility for more than a year and had applied for this facility already during the tenure of Bhupendra Vishoi, then the MD of the bank, who was then on deputation.

Vishnoi has since been sent to his parent organization in the wake of complaints related to his indulgence in illegal recruitment in the bank.

The bank registered growth on all the financial parameters in the 2020-21 financial year. The bank crossed the total business of Rs 17k crore and earned a net profit of Rs 45 crore, amidst Covid-19.

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