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Baramulla Central Cooperative Bank
Brief History: The BCCB was formed in 1920 AD before partition of the country as Central Coop. Financing Society with its area of operation District Muzaffarabad and erstwhile District Baramulla. The business of the Bank was mainly confined to the primary Coop. Credit Societies in the area of operation. After the commencement of its business the Bank received a set back when major portion of its allotted area of operation with a good number of Village credit societies fell in the POK in 1947 and the individual promoters who had obtained shares of the Bank got also disassociated due to the partition. The Bank continued to fulfill its obligations with providing suitable credit support not only to neglected farming community but played key role in the distribution of essential commodities to far-flung areas like Uri, Gurez, Kernah and Machil through credit to the net work of Coop. Marketing societies functioning on the ground. The crash programme launched by the Agricultural department in the state to boost the agricultural production was another area of significance where the Bank arranged financial assistance for purchase and distribution of chemical fertilizers and high yielding variety seeds to the farmers through their Village Coop. Societies. Before nationalization of major commercial Banks and their subsequent entry in the Agricultural Sector, The Bank extended full credit support to weaker sections of the community under then marginal and small farmers development Agency sponsored schemes. The whole programme was assigned to the Coop. Bank in the Baramulla and Kupwara Districts so far as financing of approved schemes was concerned. With diversification of credit to the industries and business sectors other than agriculture, it is the Bank's endeavor to implement all new schemes of financing of small scale and cottage industries especially in the Villages with financial and technical support extended by the NABARD.
Special Features:
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The Bank is having a good chunk of shareholders in POK (Pak Occupied Kashmir).
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The first and the only Cooperative Bank accredited with the NABARD's National Award for its best performance in J&K in 2001-02.
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The only bank having its Headquarter at its own proprietary land of 12 kanals at Baramulla.
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The first and the only bank in the state having organized Kissan Credit Card Awareness Camps at block levels.
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The first and the only bank having launched LPG connection scheme for the rural women, through PACS.
Organizational Structure.
- Head office at Baramulla
- 32 branches in districts of Baramulla and Kupwara.
- 6 zonal offices.
- 182 employees number consisting of the following
- 1 General Manager
- 1 Additional Gen. Manager
- 3 Dy. General Managers
- 7 Chief Manager/Executive Officer
- 5 Chief Auditor/Auditors
- 36 Managers/Manager Recoveries
- 41 Inspectors/2nd Officers/Supervisors.
- 53 Clerks cum cashier
- 32 Peons/Chokidars
- 3 Drivers
- Head Office divided into 5 sections viz. Planning & Resources, Advances & Recoveries, Inspections & Vigilance, Statistics, Establishment and central accounts.
- Section of P&R, Inspection and Vigilance, Statistics headed by Dy. General Managers.
- Section of Advance & recoveries plus Establishment headed by Additional Gen. Manager.
- Area of operation sub divided into 6 zones headed by Executive Officers and assisted by Manager Recoveries and Inspectors for the purpose of recovery of loans.
Operation Figures (2000-01 to 2004-05) |
|
(Rs. In lakhs) |
| 2000-01 |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
|
Share Capital |
i. Govt. |
27.15 |
27.15 |
27.15 |
27.15 |
27.15 |
| |
ii. Societies Others |
31.16 |
59.74 |
99.63 |
117.73 |
145.75 |
| |
Total |
58.31 |
86.89 |
126.78 |
144.88 |
172.90 |
|
Loans Outstanding |
i. S.T |
952.66 |
1542.70 |
2670.42 |
3367.13 |
4219.00 |
| |
ii. M.T |
1281.14 |
1668.57 |
2377.48 |
2924.46 |
3656.00 |
| |
iii. L.T |
18.93 |
18.93 |
18.93 |
18.93 |
19.00 |
| |
Total |
2252.73 |
3230.20 |
5066.83 |
6310.52 |
7894.00 |
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Deposits |
i. Demand Deposit |
3359.24 |
4849.03 |
4967.04 |
6596.50 |
7085.00 |
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ii. Term Deposit |
3461.11 |
4024.56 |
4412.77 |
4669.37 |
5018.00 |
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Total |
6820.35 |
8873.59 |
9379.81 |
11265.87 |
12103.00 |
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Advances |
i. S.T |
190.00 |
425.00 |
1277.00 |
1761.00 |
1780.00 |
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(Loans issued) |
ii. M.T |
174.00 |
1425.00 |
733.00 |
430.00 |
365.00 |
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Total |
364.00 |
1850.00 |
2010.00 |
2191.00 |
2145.00 |
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Recoveries |
i. Amount |
397.55 |
1731.65 |
1449.53 |
1988.70 |
1417.00 |
| |
ii. % of Rec. to Demand |
43% |
73% |
67% |
74% |
52% |
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Cost of Yield |
i. Average yield of Assets |
10.83% |
10.08% |
9.32% |
9.29% |
8.17% |
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ii. Average cost of Funds |
6.06% |
6.01% |
6.75% |
6.36% |
5.59% |
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iii. Net Margin |
4.77% |
4.07% |
2.57% |
2.93% |
2.58% |
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NPA's |
i. Amount |
681.78 |
707.47 |
804.63 |
707.00 |
1297.00 |
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ii. % of NPA to total Loans |
29.38% |
21.90% |
15.88% |
11.20% |
16.43% |
|
CD Ratio |
33.03% |
36.40% |
54.02% |
56.01% |
65.22% |
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Business per Branch |
378.05 |
403.76 |
466.02 |
549.26 |
624.91 |
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Business per Employee |
56.70 |
66.87 |
79.82 |
97.11 |
109.87 |
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Net Profit |
+ 1.80 |
+ 2.50 |
- 550.85 |
-64.54 |
- 53.19 |
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Accumulated Loss |
+ 3.61 |
+ 6.11 |
- 544.74 |
- 609.28 |
- 662.47 |
KCC and Targets thereof: BCCB, the first and the only bank having organized KCC Awareness Camps at Block Levels with co-sponsorship by NABARD.
| |
No of Cards |
Amt. in Lakhs |
| Targets for 2004-05 |
4900 |
626.00 |
| Achievements |
5382 |
862.00 |
| Total achievements since inception |
14169 |
1788.00 |
| Targets for 2005-06 |
13720 |
1016.00 |
Affiliated Societies.
| Primary Societies |
65 |
| Secondary Societies |
35 |
| Others |
69 |
| Total number of affiliated societies |
169 |
Details of Electoral College including number of members to be elected in Board of Management:
| Electoral College |
|
| Primary Societies |
65 |
| Secondary Societies |
35 |
| Other Societies |
69 |
| Number of members to be elected to Board of Directors |
09 |
Progress on revival of PACS Vis-à-vis targets already assigned. Strategies for accomplishing the targets for the year 2005-06
| Target for revival for 2004-05 |
14 PACS |
| Achievements for 2004-05 |
14 PACS |
| Loans Advanced during 2004-05 |
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| a) ST KCC |
308.00 lakhs |
| b) MT- SGSY- LPG |
115.00 lakhs |
| Total Loans Outstanding against PACS |
1445.00 lakhs |
Strategies for the year 2005-06
- To revive additional 20 PACS
- To advance KCC loans through PACS
- To advance SGSY Sponsored by DRDA through PACS
- To advance loans for LPG connections to the rural women through PACS
- To Advance loans for establishment of cable net works in the rural areas through PACS.
Development Action Plan (DAP) strategies thereof.
- To build the capital base by way of collection of shares locally from the PACS through disbursement of loans.
- To propose branch-wise & employee-wise targets for deposit mobilization to be reviewed after every month.
- To continue efforts to increase borrowings from SCB/NABARD.
- To make strenuous efforts for recovery of loans upto 75% minimum of demand.
- To file Arbitrations before the competent designated courts against defaulter, so as to reduce NPAs
- To adopt procedure to ensure promptness in decision making & accountability.
- To prepare Management Information System (MIS).
Audit Classification
- "C" category awarded by the Audit.
Modernization programmes/Human Resources Development Programmes.
Computerization
- Head Office Computerized.
- Computerization of 4 branches in first instance on anvil.
- Paucity of staff/hands hampering computerization programme in the bank.
Client friendly schemes.
- Consumption loan schemes for Govt. employees launched.
- Housing and car loan schemes for serving and business community launched.
- Aiming at smoke free kitchen, loan scheme for providing LPG connections to the rural women launched.
- Loan scheme for purchase of consumer durable goods launched.
Vision-2005-06.
- Expansion of branches covering all left blocks headquarters and newly upcoming business counters/markets under branch net work.
- Computerization of 20 main branches.
- Doubling of Advances to the Agriculture Sector.
- Doubling of Deposits & Resources.
- Curbing of NPAs upto manimum national standard.
- Wiping out losses & making profits.
- Strenuous efforts to comply with Section 11 (I) of BR Act. 1949 (AACS) by wiping out the erosions in assets of the bank by end of the current year.
- Payment of dividends to the share holders.
- Construction of Corporate Headquarter of the Bank.
- Providing of ATM facilities to clientele.
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