Mokokchung, April 16 (MExN): Nagaland State Co-operative Bank (NSCB) Mokokchung branch is the second highest profit earning branch of the bank next to Kohima (Main) branch with a profit of Rs.242.23 Lakhs at the close of March 2014. This was revealed by Imtilemba Longkumer, general manager, NSC Bank Ltd, Head Office, Dimapur during the inauguration of the new premises of NSCB Mokokchung branch here on April 15. According to a press release, Imtilemba in his keynote informed that the branch has a deposit of Rs.3399.86 Lakhs and the total loan and advances of Rs.2120.90 Lakhs with a CD Ratio of 62.38% as on March 31, 2014.
He further informed that the Nagaland State Co-operative Bank was established in the year 1967 in Dimapur after obtaining license from Reserve Bank of India and presently has a network of 21 branches in all the districts in the state except Longleng. He informed that NSCB is the only local bank sponsored and financed by the State government holding more than 80% of the share capital. Mokokchung branch was opened on March 5, 1968. The Mokokchung branch, he stated, has now become a model branch of the Bank and its per employee business is among the highest in branch business of the Bank.
He also asserted that the Mokokchung branch is now technically equipped to serve the people and meet their various banking needs. The branch is on CBS Platform within the state of Nagaland and is no less technically equipped than any other branches or banks and is capable of providing all types of banking services as provided by other banks, he assured. CBS connectivity with the main switch, i.e Mumbai and to install ATM is on the pipeline which is expected to be completed during the current financial year, he added.
M. Bendangnukshi Longkumer, ex-vice chairman, NSCB Ltd meanwhile expressed happiness at the improvement in the growth of the bank’s business in the last ten years. He appealed to the public in general and business community in particular to avail the facilities offered by the bank by saving their surplus fund and to recover the loan promptly. Alangla Tonger, ARCS, Mokokchung also spoke about the primary objective of the establishment of NSCB in the State and the overall functioning of the Cooperative Societies in the district in general.
The new premises of NSCB Mokokchung branch was inaugurated by Rev. Ponen Longchar, pastor, Mokokchung Town Baptist Arogo. Government officials, church leaders, customers, and bank officials attended the function, which was presided over by I Tali Longkumer, vice chairman, NSC Bank Ltd.
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