Thank you for sparing some moments in visiting Website of our Bank known for its customer friendly and excellent Banking Services. The Bank has entered into 28th year of its inception crossing one more Milestone, moving ahead by keeping pace with modern technology and on this occasion I convey my warm greetings to all of you and assure you that we will continue to strive hard for attaining even greater heights in the areas of Growth, Profitability and excellence in Customer Services.
I am very happy to inform you that the performance of our bank during the financial year 2011-12 was excellent and we secured ‘A’ audit classification this year also, i.e. continuously for the 25th year.
Depending upon the environmental & economic changes in India, there are changes in the Banking Sectors also. The entry of the private banks is in the increasing trend. Stiff competition in the Banking field, between the private banks and public sector banks, has opened up many benefits and choices to the public. The expectations of general public have increased prompting the Banks to provide the best of banking environment and various facilities by implementing modern technology. This has necessitated allocation of huge funds for technology upgradation. Amidst such situations, Central Government has withdrawn the benefits available for the Co-operative Banks under Section 80P of the Income-tax Act. As such the banks in the Co-operative Sector are compelled to set aside major portions of their profit for the payment of tax. It is a blow to the Co-operative Banks, which is affecting growth of Reserves.
Nevertheless, our Bank is constantly trying to meet the ever growing expectations of our members and customers. On par with the technology involvement in the banking sector, the Bank has implemented CBS in 2009 and has commenced the services of Any Branch banking, Centralised Clearing, RTG/NEFT, etc. We have also started SMS Banking facility and we are in the process to implement ATM, Mobile Banking and Internet Banking so that our customers can have access to their accounts through these facilities and at the same time transfer the funds from one account to another, whenever required. Our Bank will soon start Statement on Email facility a step further towards Go Green.
I am very much thankful to our Shareholders, Accountholders, Staff Members, the officials of RCS, officials of RBI and well wishers and invite you to come into our fold and feel the difference. Come, Let us grow together.
