Port Blair, Oct. 30: The Annual General Body of A & N State Coop. Bank was held on 30th October 2022 at Conference Hal Bank. The programme was chaired by Shri. Bhagat Singh, Chairman and also attended by Board of Directors of the Bank, representatives of various Service Coop. societies, Senior officials and staff members of the Bank.
At the outset Shri. Bhagat Singh welcomed the delegates for the Annual General Body Meeting. He appraised the forum that the Bank is in sound position and had earned a Net Profit of Rs. 281.22 lakhs for the year 2022. He appreciated the Managing Director & team for overall performance of the Bank.
Shri. Anjan sengupta, Managing Director, In-charge emphasized that the Management of the bank has given due importance for the overall development in terms of IT, Banking, etc. He also urged that the bank resolves to achieve continuous and meaningful growth by making effective use of its human resources and leveraging its large network of branches and technology. The CD Ratio of the bank stood at 64.15%. He also urged that the bank had made such an historic profit with the guidance of the Management and hard work of the staffs. He has also informed that the Bank has given KCC loan to farmers is more than 7000 and showed the comparative statement that all over India as per population wise our bank is doing well.
The Banks’ total business has crossed Rs. 1984.31 Crores with an advances portfolio of Rs. 775.46 Crore and Deposit portfolio of Rs. 1208.86 Crores. The Banks’ CRAR stands at 25.54%. He also informed that Bank has started Cooperative Care Trust to help needy people of A&N Island.
Shri. Anjan Sengupta, Managing Director, In-charge of the Bank read and confirmed the proceedings of the last Annual General Body Meeting held on 24.10.2021, who also presented the Annual Report 2021-2022 and briefed the gathering regarding the financial parameters and strategic developments of the Bank with respect to the audited position as on 31st March, 2022.
An interactive session cum future road map was also held among the members and the Management of the Bank to decide on the various upcoming programmes of the bank.
The 56th General Body Meet ended with vote of thanks proposed by Smti. Jolly James, GM (Development).