Dimapur, April 29 (MExN): The 283rd meeting of Board of Directors of Nagaland State Cooperative Bank (NStCB) was held on April 28 in the Board Room of the bank under the Chairmanship of Temjen Toy, IAS, Additional Chief Secretary and Finance Commissioner, Nagaland and Chairman of the bank.
The Bank informed in a press release that a total of 33 agenda items was placed in the meeting and decision taken accordingly. The Board lauded the bank for earning a record profit of 837.15 Lakh during 2016-17, a significant achievement in the history of the bank.
Board reviewed and approved the Developmental Action Plan (DAP) of the bank for 2017-18 and set a profit target of Rs.1600.00 lakh. Board also reviewed the financial parameters of the bank, the CD ratio, issue and recovery of loans and advances, NPAs, implementation of Central Government/ NABARD and State Government sponsored schemes. Board also reviewed the implementation of latest Information Technology in the bank and the functioning of existing 11 ATMs of the bank. Board resolved to install another 10 ATMs by December 2017.
Board resolved to convene frequent meeting of the Board with Branch officials to review the DAP 2017-18 in order to achieve the projection.
The meeting was attended by the Vice Chairman of the bank Kekhwengulo Lea, Secretary Cooperation, Nagaland Lithrongla. G. Chishi, IAS, Registrar of Cooperative Societies, Nagaland, Wepe Ritse, GM (OIC) NABARD, RO, Nagaland, Ashoke Chakraborty, Managing Director Nagaland State Cooperative Bank Ltd, Imtilemba Longkumer, elected Board of Directors from all districts of Nagaland and Professional Directors.
Board also bade farewell to Ashoke Chakraborty, GM (OIC) NABARD, RO Nagaland who is on transfer to Kolkata and lauded his contribution to the bank.
