Customers’ Trust is Our Top Priority, Says Managing Director, K. Murugan
Sri Vijaya Puram, June 3: Amid recent speculation in the financial sector, The Andaman and Nicobar State Cooperative Bank Ltd would like to assure its customers, partners, and the broader community that the bank remains well-capitalized, highly liquid, and financially sound. Our key financial indicators, including capital ratios, asset quality, and liquidity levels, remain strong and well above regulatory requirements.
“Our customers’ trust is our top priority,” said K Murugan, Managing Director of A&N State Coop. Bank Ltd “We are in a robust financial position and continue to operate business as usual. There is absolutely no cause for concern or panic. We remain committed to maintaining the highest standards of integrity, risk management, and customer service.”
A&N State Coop. Bank Ltd has a long history of prudent financial management, a diversified portfolio, and a strong capital base that positions us well to navigate any market conditions. We continue to meet all obligations and provide uninterrupted banking services to individuals, businesses, and institutional clients.
The A&N State Coop. Bank Ltd today reaffirmed its solid financial standing and confirmed full compliance with all regulatory requirements under the Banking Regulation Act, assuring customers and stakeholders there is no cause for concern.
In light of recent rumours and unfounded speculation, The A&N State Coop. Bank Ltd assures the public that it remains well-capitalized, financially robust, and fully operational. The bank continues to maintain capital adequacy, asset quality, and liquidity levels well above the minimum regulatory thresholds set by the Reserve Bank of India (RBI) and other relevant authorities.
We encourage customers with questions to reach out directly to their relationship managers or visit any of our branches. Our team is fully available and ready to provide support and information, said a communication from the A&N State Cooperative Bank Ltd.