ANSCB’s 54th Annual General Body Meeting

Port Blair
26 Mar 2018

The 54th General Body of A & N State Coop. Bank was held on Sunday in the Conference Hall of the Bank. Chaired by Mr. Kuldeep Rai Sharma, Vice Chairman, it was attended by the Board of Directors of the Bank, representatives of various Service Coop. societies, senior officials and staff members of the bank. Mr. Sharma welcomed all present and appraised that the bank is in sound position and had earned a Net Profit of Rs. 3.90 Crores in the year 2016-17. It has achieved ‘A’Grade certificate from the Registrar of Coop. Societies (RCS) and has earned 1st prize among all the State Cooperative Banks across the Country as per the NAFSCOB Meeting.
Mr. K. Murugan, Managing Director emphasised that the management of the bank has given due importance for the overall development in terms of IT, Infrastructure, Banking, etc. He said that the bank had taken active participation in all the Govt. Sponsored schemes and covered over 14000 Savings Accounts under PMJDY with 100 % Aadhar linkages in PMJDY accounts. The CD Ratio of the bank stood at 56.96 %. He also said that the bank had made such an historic profit with the guidance of the Management and hard work of the staff. He has also informed that the bank has commenced RTGS/NEFT/IMPS facility with which the customers will be able to send money to different banks directly. The Banks’ total business has crossed Rs. 1269 Crores with an advances portfolio of Rs. 438 Crores and Deposit portfolio of Rs. 829 Crores.
The banks’ CRAR stands at 22 % and the bank is maintaining a surplus of Rs. 185 Crores as on 31.03.2017 after making all commitments. He also opined that the bank shall strive hard to help people improve socio-economically and touch more lives. He read and confirmed the proceedings of the last Annual General Body Meeting held on 18.12.2016, and also presented the Annual Report 2017 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March, 2017. An interactive session cum future road map was held among the members and the Management of the Bank. The 54th General Body Meet ended with vote of thanks proposed by Mr. Anjan Sengupta, DGM (Banking).