NABARD enlists State Cooperative Bank in A categorisation

Secretary Cooperatives flags off mobile ATM vans

GKNN
Srinagar, Publish Date: Dec 19 2018 1:28AM | Updated Date: Dec 19 2018 1:28AM
NABARD enlists State Cooperative Bank in A categorisationGK Photo

Secretary, cooperative department Abdul MajeedBhat inaugurated ‘mobile ATM vans’ of J&K State Cooperative Bank on Tuesday.

On the occasion chairman JKSCB MS Dar informed Bhat that the vans have been procured with the financial assistance from NABARD and are being used in unbanked areas as well as in financial literacy campaigns. Bhat expressed hope that such initiatives will help strengthen the image of the bank. Among others present on the occasion were: Registrar, cooperatives Abdul RehmanGassi, MD JKSCB M Lateif, additional MD JKSCB ShabanaBuchh, CEOs of Anantnag Central Cooperative Bank and Baramulla Central Cooperative Bank besides other senior officers.

While addressing the meeting, Bhat said the primary goal of cooperative credit structure is to seek socio-economic upliftment of the deprived strata of the society.

MS Dar appraised the secretary and the registrar cooperative societies  about the working of the bank and informed them that the bank has succeeded in achieving ‘A’ categorisation from NABARD and will soon be enlisted as Scheduled Bank by RBI. He requested Bhat to use his good offices to help in providing a level playing field for cooperative banks.

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