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  Chairman's Overview

Shri K. D. VORA, Chairman  

To begin with, I would like to thank you all i.e. Shareholders, customers, regulatory authorities and staff members for their continued support without which it would not have been possible to register yet another year of impressive performance. The success is due to spirit of co-operation which is a basis of co-operative movement in India.

The co-operative banks in India play an important role in our economy by helping poorest of the poor pooling individual resources from the society. The principle of co-operation and practice of thrift with self help generate a feeling of self reliance which is very important for neglected sectors of the society.

Over the years, the co-operative banks have emerged as an important link in our financial systems. It is our duty to strengthen the system further so that co-operative banks can reach to the door step of many poorer people in our country. The challenges before the co-operative banking sector are to mobilize low cost deposits and maintain spread to ensure profitability. Co-operative banks will have to constantly upgrade the technology to service the customer more efficiently and will have to upgrade the skills to face future challenges. .Regulatory authorities have been extremely co-operative and their support and guidance is required for future growth of co-operative sector in India.

This Co-operative sector has very bright future and challenging task to help millions of people and live up to their expectations. I am confident that with specific focused objectives, co-operative banks will fulfill the dream of million of people of our country.

K.D.VORA
Chairman

 

Previous year....


About Us

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4 Chairman's note
4 Board of Directors
4 Progress at glance

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