Excelsior Correspondent
JAMMU, May 3: The Jammu Central Cooperative Bank Limited has made a remarkable achievement by earning a working profit of Rs 10 crore approximately in the year 2012-13.
This was apprised by RL Choudhary, General Manager (Adm)/ CEO in a meeting of the Sectional Heads of the Jammu Central Cooperative Bank Limited chaired by the Mohinder Singh, wherein the working of the Bank was reviewed.
Choudhary apprised the Chairman that Bank has earned a working profit of approximately Rs 10 crore, which is a big landmark in the history of the Bank. He further apprised that Bank has succeeded in reducing its NPAs by Rs 10 crore approximately apart from improving its recovery position to 64% as compared to last year 2011-12.
He further said, “the Bank has succeeded in reducing its management cost from 3.12% to 2.50%. The Net Margin of the Bank which was -0.21 in the year 2011-12 has improved and it is now +1.05. The advances and investment portfolio have also increased to the satisfactory level”.
The chairman while speaking advised the Branch incharges to go in for quality advances so as to ensure that no new advance should slip towards NPA. He laid stress on the staff for improving the CD Ratio of the Bank and advised the staff to render best possible banking services to the clientele of the Bank. He also announced that in a very short span of time the Bank is going to provide on line banking facilities to the clientele of the Bank.
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