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Nafscob Chief exhorts co-ops to carry multiple activities

Nafscob Chief exhorts co-ops to carry multiple activities Telangana Today reports Telangana State Cooperative Apex Bank Chairman Konduru Ravinder Rao has urged District Cooperative Credit Banks (DCCBs) to carry out multiple business activities in addition to lending loans for the farm sector. The chairman made this appeal while taking part as chief guest at the day long – workshop on “Strategy meet on business development of the DCCBs and PACS” at the TSCAB office. In his remarks on the occasion, NABARD Chief General Manager YK Rao said that the DCCBs and PACS will progress only with proper governance,

Stop criticising KCR, opposition told

Stop criticising KCR, opposition told
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NAFSCOB constitutes Advisory Committee

NAFSCOB constitutes Advisory Committee NAFSCOB president Konduru Ravinder Rao has formed a Standing Advisory Committee on Short Term Cooperative Credit Structure (STCCS), in which several ace co-operators have been nominated as members, reports Telangana Today. Headed by NAFSCOB president Konduru Ravinder Rao as its chairman, other members include Dileep Singhani, Chandrapal Singh, Sunil Kumar Singh and N Muralidhar, TSCAB managing director. P Mohanaiah, Retired CGM of NABARD has been made the member secretary. STCCS will function as a ‘think-tank’ that is a body of experts to study the issues which may have bearing on the working of STCCS. It will oversee implementation of the Banking Regulation Act-2020. The committee will meet at three month intervals.

Telangana State Co-op Apex Bank grows unhindered

Telangana State Co-op Apex Bank grows unhindered Doing well in the last fiscal, the Telangana State Cooperative Apex Bank has raised its profit by more than Rs 15 crore.  While it was Rs 51 crore last year, this time the gross profit has gone up to Rs 67 crore. The Co-op Bank has set a business target of Rs 16,000 crore for the financial year 2021-22 as its business turnover rose to Rs 13,300 crore from that of Rs 12,000 crore, reports Telangana Today. There are nine District Cooperative Central Banks in the state and the apex bank itself has about 42 branches. The apex bank keeps holding review meetings and gives targets to the co-op banks for further growth.

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