Dimapur, April 30 (MExN): The Nagaland State Co-operative Bank Ltd (NStCB) during the financial year 2017-18 earned a profit of Rs. 860.63 lakh. This was disclosed during the Annual Branch Managers Conference of the NStCB held on April 27 at the head office in Dimapur.
While acknowledging the efforts of all the bank employees, Kekhwengulo Lea, Vice Chairman NStCB encouraged them to accept the challenges for the financial year 2018-19 where a profit of Rs.1308.00 lakh was projected and earmarked under the Development Action Plan (DAP).
It was stated in a press release that terming the NStCB as viable institution of the State, catering to the financial needs of cooperative Societies, farmers, Government employees and the general public, he urged upon the officers and employees to wear the identity of the bank with pride and to work shoulder to shoulder with the State for economic emancipation of the people.
He, however asserted that in order to help the people the organization need to be financially viable and it was therefore important that the official should work with definite plan and programme to elevate the financial stature of the bank. “It is, therefore necessary that the DAP should be implemented in letter and spirit,” he added.
Recalling the efforts of Imtilemba Longkumer, Managing Director, who will be superannuating on 30 June 2018, he termed Longkumer as one of the “best Managing Director” of the bank, who during his tenure has seamlessly lead the bank to its present stature, where the profit base of the bank has enlarged along with other financial apparatus of the bank. The biggest contribution during his period was the transformation of the bank from manual banking to modern day core banking at par with other banks.
Lemba Chang, Addl.RCS, Nagaland while endorsing the views of Vice Chairman commended the Board of Directors for their role in the development of the bank. He termed the Primary Level Cooperative Societies as the foundation of the bank which need to be uplifted in order to make the bank more viable.
S.K.Dhumal, GM (OIC) NABARD, R.O. Nagaland while fine-tuning the DAP ensured to assist the bank and Primary Level Cooperative Societies with all possible means. The meeting was chaired by Lipoktoba Aier, GM (Admn & Vigilance) while Vote of thanks was delivered by D.Sale, GM (ID).
