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Disclaimer || Guide Map ||
Vacancies
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Meet with our...
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The
Kangra Cooperative Bank Ltd. started in a very humble way as a small
Thrift/Credit Society in March, 1960 by a few friends of Distt. Kangra of
Himachal to help out the people of Himachal residing in Delhi to uplift
their economic conditions and tide over the financial hardships. Dedication,
sincerity and honesty of these members/associates brought rich fruits and
this Thrift/Credit Society grew up into a big society within twelve years
after its formation and successful running was converted into a primary
urban Cooperative Bank in 1972 by RBI and was permitted to carry out banking
activities including acceptance of deposits from public (non-members) by
opening their Saving, Current and RD A/c’s. Twenty three years there from
in June 1995 it was granted a license to carry out the banking business by
the Reserve Bank of India . Thereafter, it was granted license to open
branches and consequently five more branches were added in February, May,
December, 1996, June 1998 and the last one in October, 2008. In may 1970 it
purchased Paharganj building and reconstructed the same in 1993. In october,
1997 it purchased the present premises at Janakpuri to set up administrative
and HO. Central accounts, Arbitration, Personnel & Recovery Deptts. are
functioning from this building. It has a board meeting room. One branch
also function here. The main branch along with its service branch is
situated in its own three storied building at Paharganj. It purchased
another Building in April 2008 At Jagatpuri where its one of the existing
Branches has already been functioning. The latest audited financial
position of the bank as on 31st March, 2008 is as follows:-
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Membership
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32651
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Clientele other
than members
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84938
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Share money
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11.02 crores
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Reserve/Other funds
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11.76 crores
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Working Capital
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256.83 crores
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Deposits
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206.50 crores
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Advances
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123.51 crores
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Net Profit
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6.01 crores.
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NPA
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(-)1.84%
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CRAR
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18.54%
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Based on its financial position of 31st March, 2003 the Bank was
classified as Grade-I and continues to enjoy this grading till date. It
also enjoys Grade ‘A’ audit classification since long. Bank has been
awarded Best Cooperative Bank Award by the Government of Delhi in
November, 2005.
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AGBM and elections, audit etc are held on regular intervals. Bank is
giving dividend to its Share-holders regularly and lastly declared @ 17%
the highest declared/paid so far. Bank has also introduced three
schemes of welfare nature for its shareholders . First one is where
grant of Rs. 20,000/- is given to the nominee of the deceased members
and no interest is charged up to 50000/- liability in case of death of
the member, the second one is where scholarship @ Rs.150/- and Rs.200/-
per month is given to the brilliant wards of the members and staff and
the the third one is to give one time incentive to those wards of
members / staff who get 90 % marks in Board examination. Amount of
incentive is Rs.3100/- and Rs.5100/- for 10th and 12th class
respectively.
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All the branches are fully computerized with TBA in place. Further
interconnectivity (ABB) among all its branches along with the
implementation of CTS has already been done .Board of Directors has also
prepared a “Vision Document” for 2008-09 to 2010-11 according to which
various targets have been fixed.
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Membership has been planned upto 36000
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Dividend upto 18% with 1% increase every year
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Clientele 1.25 lacs
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Deposits upto 206 crores to 270 crores
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Advances to increase 190 crores from 123 crores.
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To purchase at least one more building for its branches which are on
rent at present.
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To impart 3-5 days training to each Staff members in next 3 years.
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To get Scheduled Bank status. |
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To create a befitting set up matching the status of the Bank.
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To Strengthen and upgrade IT system.
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All the branches of the bank remain open for seven days a week with full
day banking service on Saturday. For the convenience of its customers
it is having agency arrangement with HDFC Bank which enables the bank to
issue Demand Drafts on HDFC branches across the country, to arrange
collection of out-station cheques within a week or ten days. Bank is
also maintaining C-SGL A/c with HDFC and also participate in the
non-competitive bids of RBI for the purchased of Govt. Securities.
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For its employees bank has introduced several good schemes like cover of
mediclaim insurance, covering expenses upto 1.5 lacs requiring
hospitalization of the employee, his or her spouse & upto two
childrens. Facility of housing loan upto ten lacs is also available for
the staff.
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It has in place well defined service rules which ensures career growth
to its employees. It also celebrates annual day in which awards for
best branch, workers etc. are also given.
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Bank has also introduced welfare schemes for its employees which
includes grant of Rs.1 lacs on death and on permanent disability on
duty. Additional reimbursement is also given in case of serious
deceases like heart, kidney transplantations, cancer, T.B. etc.
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In order to improve the knowledge of the staff guest lectures are also
arranged on important topics related to the banking activities from time
to time.
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