Jharkhand State Cooperative Bank (JSCB) registered profit of Rs 2.63 crore in the financial year 2019-20. The total amount of Rs 1612.82 crores was deposited in the bank, which has increased to Rs 1740.05 crores till September this year. The gross Non Performing Asset (NPA) of the bank on March 31 was 51.63 per cent, which has come down to 36.46 per cent September 30.
Addressing a press meet of Thursday Chairman of JSCB, Abhay Kant Prasad said that the bank is performing well and he also gave information about various loan schemes and banking facilities of the bank. Presently, bank loans including home loans, vehicle loans, personal loans, joint liability group and self-help group loans, agricultural loans to LAMPS, PACKS, farmers credit cards, loans to rural craftsmen, traders Cash credit loans, loans against real estate and education loans including various types of credit facilities are available at affordable and attractive interest rates, he added.
“NABARD has selected a total of 148 LAMPS-PACKS across the State, which will help in strengthening the Lamps- Packs by providing loan facility through Co-operative Banks. In addition, NABARD plans to upgrade several LAMPS - PACKS into multi-operative societies, in which the bank is to provide finance," said Prasad.
The bank's Chairman also said that the efforts are also being made to help JSCB, NABARD and Cooperative Department in the direction of reviving the cooperative movement once again. He said that due to COVID 19, the pace of development has slowed down, but the bank, in coordination with the primary committees is constantly progressing towards developing cooperatives in the State of Jharkhand like Gujarat and Maharashtra model.
Speaking on the occasion CEO of JSCB, Prem Prakash said that JSCB like all other commercial banks is modernising banking services. "The bank offers its customers attractive interest on deposits and all types of agricultural and non-agricultural loans at reasonable interest rates. Locker facility in bank, facility of daily deposit scheme as well as payment of home banking services like old age pension, widow pension, scholarship and others are there. Apart from this, a memorandum of understanding has been signed recently with the bank and trustees, under which the facility of door-to-door bill payment has been started by the bank by providing funds through Bank Mitras. Besides, professional trainers are being arranged for personality development and training of bank personnel," he added.