L to R: Satish Uttekar MD and CEO TJSB Banks, Vice Chairman TJSB Adv Pradeep Thakur and Director Vinod Kumar Bansal
Pune: There has been a significant increase in Annual profits booked by TJSB Sahakari Bank ltd .During the financial year 2014-2015 the bank has earned a net profit of 101 crores . The Bank is providing services through its 110 branches in Maharashtra , Goa , Gujarat and Karnataka.The total business of the bank has been 11600 crores.The profit earned by the bank in proportion of its business has been momentous as it is the highest in urban cooperative banking sector . The entire banking world and economy will have to recognize this quantum leap of TJSB bank. TJSB Bank has earned this success through transparent deals , modern banking technology , professional management and skilled manpower , said Satish Uttekar MD and CEO TJSB Bank at a press conference to disseminate information about financial progress of TJSB Financial Cooperative Bank ltd for the period 1st April 2014-31 March 2015 . Vice Chairman Adv Pradeep Thakur and Director Vinod Kumar Bansal were present on the occasion .
Satish Uttekar further said that all the commitments made at the General Body last year have been fulfilled . While the National Economy was going through transition , TJSB Bank has been able to scale newer heights through its firm foundations. By March 2016 the bank will be able to work through its 125 branches . In response to the appeal from Government of India TJSB will take initiatives to strengthen small and medium scale industries . At the same time bank will plan out innovative schemes to carry Banking facilities for the lowest rung of the society . Engaging correspondents for rural areas according to the permission granted by the Reserve Bank of India will be done soon . Satish Uttekar said that modern technology will be effectively used for easier banking.
Informing about the annual financial progress of the bank Satish Uttekar said that the total deposits of the bank during the financial year have been 7190 crore and advances have been 4410 crore.The gross profit earned this year by the bank has been 162 crore while the net profit has been 101 crore. The FOREX business of the bank has touched 1546crore . The reserves of the bank have touched Rs 755 crore and CRR of the bank is more than 15%.The minimum criterion for CRR according to Reserve Bank of India is 9% . On this count TJSB CRR count is enough to speak for the bank.
While working efficiently on the business front ,the TJB Bank has continued to contribute part of the profits as gratitude fund for social commitment. Due to the combined and concentrated effort of expert and experienced Board of Directors , dedicated Staff , TJSB has been able to scale new heights in Banking sector. TJSB is moving ahead with the trust of shareholders and customers of the Bank.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2021 The Global Indian New Network (TGINN)