Like our Facebook Page

news details

Yasha Mudgal reviews functioning of Cooperative banks in J&K 5/6/2021 11:54:26 PM Early Times Report JAMMU, May 6: Secretary Cooperative Department, Yasha Mudgal, today chaired a meeting to review working of Cooperative Banks in the Union Territory of Jammu and Kashmir. The meeting was attended by Additional Secretary, Cooperatives, Deputy Secretary, Cooperatives, Financial Advisor Cooperatives, Managing Director Citizen Cooperative Bank Limited (CCBL), Managing Director Jammu Central Cooperative Bank (JCCB) and General Manager J&K State Cooperative Agriculture and Rural Development Bank (SCARDB). During the meeting, MD JCCB made a presentation highlighting the financial achievements and issues related to Bank's functioning. He informed that the bank is still not CBM compliant which is a big roadblock for its financial growth and lending capacity. MD CCBL apprised the Secretary about the working of the Bank and informed that the Bank has succeeded in achieving its set target during financial year 2020- 2021. He gave a detailed description about working of the bank and stated that it is providing Medium Term and Long-Term financial support to the agriculturists and horticulturists for various activities. Secretary said that the majority of the population of Jammu and Kashmir is dependent on agriculture and horticulture sectors and so it is necessary to promote and strengthen the Cooperative banks at all levels. She asked the bank authorities to ensure grant of loans to maximum agriculturists and horticulturalists of the Union Territory. Secretary said that the primary goal of Cooperative credit structure is to facilitate socio-economic uplift of the deprived strata of the society. She urged upon the officers for quick and timely removal of bottlenecks, if any, in execution of various schemes strengthening the banking network and minimizing inconvenience to the people besides uplift of farmers. Secretary asked the banks to bring their CRAR at 9 per cent and NPAs at 6 per cent as per the RBI norms.   Share This News with Your Friends on Social Network     Comment on this Story

top stories of the day

After watching ‘death dance’ in GMC BJP awakes from deep slumber Second Covid wave spells doom, 19 die at GMC Jammu It’s official: Jammu faces shortage of medical resources to fight Covid-19 Vaccine Drive: SMC deputes mobile vans in 36 wards; JMC yet to start campaign COVID-19 vaccination drive in Srinagar hits roadblock due to shortage of vaccines Spinal Injury Centres at Jammu continue to remain a distant dream LG takes note of media reports, directs authorities to ensure proper medicare PM Narendra Modi reviews COVID-19 situation, calls for scaling up vaccine production, expanding vaccination drive Kavinder Gupta supports Vikram Randhawa’s claims Principal GMC Anantnag appoints junior doctor as Medical Superintendent JK reports record 4926 fresh COVID-19 cases; 52 more people die, positive cases are 201511 Terror hideout busted in Doda; pressure cooker bombs, RDX among recoveries

STOCK UPDATE

BSE Sensex NSE Nifty

CRICKET UPDATE