The Himachal Pradesh state cooperative bank claims to have taken a lead and become the first cooperative bank in the country to start core banking or anywhere and anytime banking facility.
This was stated by Chander Mohan Thakur, chairman of the bank here Saturday while presenting a dividend draft of Rs 57 lakh. The bank’s turnover has crossed Rs 7,000 crore during the last financial year. It has also earned a profit of Rs 82 crore.
“In an effort to keep pace with modern banking the coop bank has already opened 27 ATMs. Fifty more ATMs would be opened soon,” Thakur said .
“Our network is expanding and 175 branches are functioning in the state most are located in villages. One branch is located in Delhi’s Azadpur market for the benefit of the farmers of the state,” he said. The state chief minister P K Dhumal underlined the need for expediting recovery of loans advanced to individuals and companies.
He congratulated the bank for reducing non-productive assets from 15 per cent to 9 per cent .
