Bhagat Singh adjudged Best Chairperson among all Coop. Banks in India

Client base reaches 3 lakhs < Annual turnover 1428 cr.
Report by: 
Agencies
Port Blair
19 Sep 2018

In a major feat, a prominent citizen of these islands, Mr Bhagat Singh, Chairman, Andaman & Nicobar State Cooperative Bank (ANSCB) has been conferred the Best Chairman Award among all the Cooperative Banks in the country for the year 2018 in recognition of his dynamic leadership, vision, outstanding performance and work excellence in extending banking services for socio-economic development. The award was present to Mr Singh at a grand function organized at New Delhi on the 8th of this month by Dr R. Gandhi, former Deputy Governor of Reserve Bank of India.
The leadership excellence of Mr Bhagat Singh played an instrumental role in regenerating banking services by boosting trade & tourism, employment generation and skill development by promoting SHGs etc., intended to cause social and financial empowerment for small businesses and poor urban & rural populace of these islands.  Under his chairmanship, ANSCB went through phenomenal changes with bank adopting wide range of banking and financial services, thereby, bringing banking to the doorstep of the lowest segment of society and boosting cooperative movement in these Islands. Despite geographical and technological constraint being experienced in these far flung islands, the bank is providing array of banking services at remotest location at par with nationalize and commercial banks operating in these islands.
The Andaman & Nicobar State Cooperative Bank started its journey way back on 31st March 1966 and since then has been successfully serving the Islanders. However with Shri Bhagat Singh holding the helm of affairs of ANSCB as Chairman on 31st May .2012, the Bank has gone through tremendous changes in adaptability and approach in meeting the economic, social and cultural needs and aspiration of the common people and implementation of Govt. schemes residing in these Islands. For these reasons, the client base of the bank which was one lakh eighty thousands during 2012 has gone up to three lakhs during 2018 with the bank turnover getting more than double in this span of six years taking the figure to Rs.1428 Crores during the year from 2012 to 2018. Before 2012, it was Rs. 678 Crores from 1966 to 2012.

 

KEY ACHIEVEMENTS

• Core Banking Solution for all branches

• Islands 1st Solar ATM

• 12 new branches opened

• 1st First All Women Bank branch

• ATM connectivity through NPCI’s National Financial Switch

• 1st bank to introduce NPCI’s Rupay ATM Debit cards

• 1st Bank to become live in PFMS enabling 100%

DBT COVERAGE

• RTGS / NEFT / E-Commerce / PoS / IMPS

• Opened over 14,000 accounts under PMJDY.

• Door delivery of Old age, Disability, Destitute and Widow Pensions.