Excelsior Correspondent
JAMMU, Apr 27: Minister of Cooperative, Chering Dorjey today reviewed progress of the Citizens Cooperative Bank, Ltd Jammu, which has registered profit in just four months after the Government appointed Board of Administrators took over the charge.
Commissioner Secretary to Government Cooperative Department, Nirmal Sharma and Bashir Ahmed Bhat, Registrar Cooperative Societies J&K, were also present in the review meeting, wherein Dr Arun Manhas, Additional Deputy Commissioner, Jammu and Administrator CCBL Jammu, presented power point presentation regarding progress of the bank.
Ashok Goswami, Managing Director CCBL and Sanjeev Kumar Sharma, Manager CCBL, assisted Dr Arun Manhas, who briefed the Minister about the bank achievements, which include increasing Share Capital by Rs 58.00 lakhs, increase in CRAR level of the Bank from 3.88 percent to 5.54 percent, registering of net profit of Rs 5.41 lakh, review of Loan Policy, Audit and Inspection Policy, KYC Policy, Investment Policy and redressal of staff grievances by enhancement of retirement age from 58yrs to 60 yrs.
Chering Dourjey, Minister of Cooperatives, expressed his immense satisfactions on the working of Board of Administrator of the CCBL, headed by Dr Arun Manhas, Rakesh Maini, vice president, J&K, Bank and Gulam Mohiudin Koale, Asstt. Registrar, Cooperative (Head Quarter), J&K and reiterated that the same employees gave stupendous result when there was positive leadership.
Minister stressed that the Board of Administrator, management and staff of CCBL should work with same zeal and keep the momentum of progress going on.
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