The Visakhapatnam Cooperative Bank Ltd celebrated the 102nd International Cooperative Day, highlighting the enduring value of cooperative movements in fostering shared prosperity and mutual support. CEO Sri P V Narasimha Murthy emphasized the resilience of the cooperative sector despite challenges like regulatory complexities and economic fluctuations. He praised the cooperative values of self-help, democracy, and solidarity that enable these organizations to thrive.
Zonal Manager and Union President, Sri P Siva Prakash, expressed pride in the bank’s 109-year history of providing ethical and accessible banking solutions, reaffirming the institution’s dedication to empowering its members and supporting community welfare.
Chairman Sri Chalasani Raghavendra Rao reflected on the cooperative model’s historical development since the early 19th century, noting its significant role in agriculture, finance, healthcare, and more. He underscored how cooperative banks democratize financial services, boost local economies, and promote inclusive growth.
Concluding the event, Director Sri J V Satyanarayana Murthy called International Cooperative Day a beacon for future collaboration, urging a recommitment to cooperative ideals to ensure a sustainable and equitable future for all.