Excelsior Correspondent
JAMMU, Jan 17: Registrar J&K Cooperative Societies, Mushtaq Ahmed reviewed the functioning of J&K Cooperative Agriculture & Rural Development (JKCARD) Bank Ltd, Regional headquarters here.
Managing Director /CEO of the Bank, Mohd Aslam Bhat briefed the Registrar, J&K Cooperative Societies about the working of the Bank and its present financial health. The MD informed the Registrar about the progress of the Bank and its achievements made during the last three years. General Manager of the Bank, Mohd Illyas Khawaja submitted a brief note about the working of Jammu province to the Registrar.
The Registrar during review meet, discussed individually with the District Managers/ Branch Managers about their progress with regard to deposit mobilization, lending and recoveries. He took a serious note about the recoveries and directed to the management of the Bank to ensure that recovery percentage of the Bank should go above 90 % and those who fail to achieve this target be dealt seriously under rules. He also gave some valuable suggestions to the staff and shred his experience with them while dealing with the chronic default cases. He advised the officers to improve the overall working of the Bank.
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