JAMMU, FEBRUARY 26: Commissioner Secretary Cooperative, Yasha Mudgal, today chaired a meeting to review financial status of branches of District Central Cooperative (DCC) Banks of Jammu and Kashmir.
The meeting was attended by Registrar Cooperative Societies, Director Finance Cooperative Department, Additional Registrar Cooperative Societies Jammu/Kashmir, Additional Secretary Cooperative Department, MD and CEO District Central Cooperative Banks (DCCBs), Branch Heads and other concerned officials both in person and through video conferencing.
Commissioner Secretary had a detailed review of branch wise targets allocated in the Monitorable Action Plan (MAP).
It was informed during the meeting that the DCC Banks have recovered Rs. 44 crore of Non Performing Assets (NPAs) during the current financial year, so far, and the recurring losses have reduced to 50 per cent as compared to the previous year. Besides, the DCC Banks have also issued fresh lending of Rs. 82 crore in the current financial year in different sectors which will have an impact on increasing profitability of the branches in the coming months.
