CCBL Jammu registers profit for year 2020-21
JAMMU: After 3 years of consistent loss, the Citizens’ Cooperative Bank Ltd. Jammu has registered profit for the year 2020-21 by way of effecting recoveries and reducing ever mounting NPAs.
Combating the odds and pressures of ongoing scenario, the Citizens’ Cooperative Bank Ltd. Jammu, while putting in strenuous efforts to improve its financial condition has been able to attain the stage of having booked operating profit of Rs.2.86 lakh in the financial year 2020-21 as compared to operating loss of Rs.108.56 lakh in the immediate preceding year 2019-20
By launching various drives for maximizing recoveries, the Recovery Teams were constituted and weekly progress was monitored by the Board of Administrators of the bank under the Chairmanship of Dr. Arun Manhas, alongwith Board members C.A Rajat Mengi, Senior Advocate Deepika Mahajan and Assistant Vice -President of J&K Bank Ltd, Rajnish Mahajan.
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