Uttarakhand based Udhamsingh Nagar District Central Cooperative Bank organized its 11th Annual General Meeting in one of the hotels located at Rudraprayag last week.
With no effect of Covid-19 on the business of the bank, in the 2019-20 financial year the bank performed well on all the financial parameters and earned a net profit of Rs 6.69 crore. Earlier i.e. in 2018-19 the bank had earned a net profit of Rs 3.06 crore.
Addressing the AGM, the bank Chairman Yogendra Singh Rawat presented the blueprint for the progress of the bank before the delegates present on the occasion. He informed that the bank will open five branches at Chakarpur, Diyuri, Nanakmatta, Mahuakhera Ganj and Narayan Nagar till the end of the current financial year.
“The bank has continued to serve the public even in adverse circumstances of Covid-19 and earned a handsome profit. We are committed to serve the needy and farmers. With the support of management, staff and others we are continuously working hard to take the bank to newer heights”, he added, receiving an applause from the participants.
Later, the bank General Manager Ram Awadha Singh presented the financial report before the delegates which was unanimously passed.
On the occasion, delegates including Narayana Singh Bisht, Bhim Thakural, Amit Narang presented their suggestions. Registrar, Cooperative Societies, Uttarakhand B M Mishra also presented his views as a special guest in the meeting.
Apart from this, the former Chairman of the bank Subhash Behad, Chairman of Uttarakhand State Co-operative Bank Dan Singh Rawat addressed the meeting and underlined the benefits from the welfare schemes implemented by the bank.
In the end, Bank President Yogendra Singh Rawat thanked all the representatives and officers and employees of the bank for their contributions in making this general meeting a success.
The bank has a network of 33 branches providing services to scores of Multi-Purpose Private Agriculture Cooperative Societies.
