Officials of the Jharkhand State Cooperative Bank Ltd today said that the Bank is moving towards getting the status of Scheduled Bank. The Bank has been earning profit for three consecutive years and has been able to bring down Gross NPA / Net NPA to 11.78% / 2.93% in the financial year 2022-23. Also, the bank will soon provide the facility of Mobile Banking, Internet Banking and Direct Membership of Centralized Payment System etc.
The information was shared in a Press Conference here on Monday under the chairmanship of Vibha Singh, Chairman, Jharkhand State Cooperative Bank Ltd. after the formation of its new Board of Directors of the bank. The Press Conference was conducted by Dr. Manoj Kumar, Chief Executive Officer (MD/ CEO).
The oath of office, allegiance and secrecy was administered by the Chief Executive Officer to all the fifteen newly elected members including Vibha Singh, Chairperson of the Board of Directors.
The information regarding introduction of the Bank, the present Board of Directors and goals set by the bank were given by the Chairman. Giving priority to the interest of the employees, information was given with the consent on resolving long pending issues of reforming and implementation of grade pay, providing benefits of insurance, promotion and new recruitments for the bank. It was told by her that in the coming years this bank will be more strengthened with inclusion of all the farmers, rural mass and cooperative societies and will play a leading role in raising their standard of living by extending the benefits of banking services to all its customers.
Under the leadership of the Chairman, the Board of Directors unanimously passed the proposal to reduce the fee for affiliation of Cooperative Societies with the Bank to Rs. 500 only and to provide health insurance and term insurance for the employees of the Bank.
All the members of the Board of Directors, Employees and Officers were present on the occasion.