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,
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NAFSCOB Chairman headed bank adjudged the best
On the occasion of its 40
th Foundation Day, as reported earlier by Indian Cooperative, Nabard has adjudged the Telangana State Cooperative Apex Bank (TSCAB) the best State Cooperative Bank in the country.
It has adjudged Karimnagar District Cooperative Credit Bank the best (DCCB) in South India.
It is worth mentioning that after a gap of over two decades, NABARD has reintroduced the awards for the best performing cooperative banks in the country.
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Retirement age of DCCB staff hiked
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A meeting of the board of directors of District Cooperative Central Bank of erstwhile Karimnagar district on Monday resolved to hike the retirement age of DCCB staff from 58 to 61 years.
It was also resolved to extend health insurance scheme to the 480 employees and their dependents. The insurance coverage will also apply to over 700 employees of 128 primary agriculture cooperative societies working under the DCCB, a release said.
The meeting, chaired by K. Ravinder Rao, who is also the chairman of Telangana State Cooperative Apex Bank, was the first in this financial year.