Leadership Award for ANSCB Chairman

Port Blair
10 Aug 2018

The Banking Frontiers has awarded Mr Bhagat Singh, Chairman, Andaman & Nicobar State Cooperative Bank Ltd. as the Leadership Award for the Best Chairmanship For Cooperatives in the country for the year 2018 for his dynamic leadership and work excellence. Under his dynamic  and prolific leadership in the field of socio-economic development,  Implementation of Govt. schemes, Promotion of SHGs for the livelihood,  the bank has remarkably gained a tremendous momentum in terms of total  business growth and profitability which is relatively higher as  compared to the last 04 decades of banking business.
The Bank since its inception from the year 1966 made a turnover of Rs.  678 Crores in last 47 years. However, it is due to the vision and  dynamic leadership of Mr Bhagat Singh, Chairman, the total turnover of the bank has grown manifold and scaled to a height of Rs. 1428 crores in just 06 years from March 2012 to March 2018. The transformational projects under chairman’s vision include modernization of Bank in IT sector & Core Banking Solution (CBS) of  all the branches, modernization of conventional branches into State of the art branches, Islands 1st Solar ATM, opening of 12 no. new branches, Island’s First All Women Bank branch at Garacharma, South Andaman, ATM Connectivity through NPCI’s National Financial Switch, First bank to introduce NPCI’s Rupay ATM Debit cards in Andaman &  Nicobar Islands, first Cooperative Bank in India to become live in PFMS enabling 100% DBT coverage in  Andaman & Nicobar Islands and participation in PMSBY and PMJJBY social security schemes of Govt. of India and achieving 100 % coverage.