34th AGM of State Co-operative Apex Bank held Stress on equipping bank officials with latest technologies

ITANAGAR, Mar 18: National Bank for Agriculture and Rural Development (NABARD) Deputy General Manager BP Mishra has stressed on equipping bank officials with latest technologies to better serve the customers in the changing scenario.

“As the working scenario changes day by day with adoption of new technologies, all we have to acquire (required) knowledge to work in changing environment,” exhorted the NABARD DGM while speaking at the 34th Annual General Body Meeting (AGM) of Arunachal Pradesh State Co-operative Apex Bank Ltd at Naharlagun on Saturday.

Further underlining that “active participation in Annual General Body Meeting of the bank by the Member Societies is necessary”, Mishra appealed to all member Societies to take active part in the affairs of the State Co-operative Apex Bank for its all-round development.

While speaking on the financial health of the bank, he advised to find the ways and means to minimize the losses of the bank. He expressed satisfaction with the good network of the Bank in the State.

Komkar Dulom, APCS while chairing the meeting informed that the Bank has substantially improved after striving hard towards recovery, deposit mobilisation, increasing customer deposit base etc as reflected in the annual report of the bank for the financial year 2021-22.

There is good scope of economic growth in the state in days to come in view of improved road connectivity, he said and added that Apex Bank can play a vital role in tapping the business by providing good customer services.

Earlier, MD cum CEO Bittu Kri, while presenting 34th annual report 2021-22, informed that the bank has made fare increases in its CASA deposits and turnaround its performance in all parameters. He also apprised the house that in the infrastructure development, the bank has introduced 4 mobile ATM vans with the support of NABARD, besides installing 24 ATM booths across the State. He also informed the house that the recovery position of the Bank has been substantially improved by constant persuasion with the branches from head office and holding recovery meetings every fortnight.

The house, while expressing satisfaction on increased deposit base of the Apex Bank, further advised the Bank to undertake frequent recovery drives to improve the recovery portfolio.

Dikrong LAMPS (Doimukh) Chairman Bengia Hemanta and Arunachal Pradesh Consumer Co-operative Federation Chairman Nyokar Rakshap also spoke on the occasion. In the business session, the house adopted the audit report & balance sheet for the year 2021-22.