MARCH 4: On Monday, the Managing Director of Jammu Central Cooperative Bank (JCCB), Bal Krishan, along with the Additional Registrar of Cooperative Societies, Jammu, conducted a detailed and comprehensive review of the performance of the bank’s 85 branches. The review meeting was aimed at addressing the physical and financial progress of the bank, focusing on a range of key operational aspects that are critical for improving overall performance.
The meeting covered a variety of important topics including the status of gross and net Non-Performing Assets (NPAs), the bank’s deposits, loan and advances, various financial ratios, and steps to reduce the loss percentage. Strategies to enhance recovery were also a significant focus of the discussion. The Managing Director emphasized the importance of strengthening recovery mechanisms, urging the bank officials to take proactive steps to recover outstanding dues and minimize the financial risks posed by NPAs.
During the meeting, Bal Krishan addressed the branch heads, highlighting the need to meet set targets on a monthly basis. He also called upon the branch heads to organize recovery camps, which would serve a dual purpose: to recover outstanding amounts and to raise awareness among the general public about the benefits of using Cooperative Bank services. The Managing Director stressed the importance of collaborating with the officers from the Cooperative Department to educate people on the various advantages of engaging with Cooperative Banks for their financial needs.
The meeting further stressed the significance of improving the Credit Deposit (CD) ratio, which is a key indicator of a bank’s efficiency in utilizing its deposits to extend loans. The Managing Director urged the branch heads to implement robust recovery strategies, while also focusing on delivering improved banking services to enhance customer satisfaction. By focusing on these areas, the bank aims to ensure financial stability and growth, while also contributing to the overall economic development of the region.
The review meeting was attended by several senior officials, including the Executive Manager of the bank, Paramjeet Singh Slathia, Deputy Executive Manager, Reeta Sharma, Assistant Executive Managers Sonal Bakshi, Sunil Sharma, and other concerned officers of the bank. The collaborative efforts and insightful discussions in the meeting are expected to bring about positive changes in the functioning of the bank, ultimately leading to greater financial health and an improved service experience for its customers.
, Bal Krishan, along with the Additional Registrar of Cooperative Societies, Jammu, conducted a detailed and comprehensive review of the performance of the bank’s 85 branches){kind=link}