Brief  History of the Bank: The Devika Urban Cooperative Bank ltd. Udhampur is the fourth Urban Cooperative Bank of J&K State and 2nd in Jammu Province, registered with the Cooperative Societies ,  J&K , Jammu on 06 sep1996 and was issued license by the Reserve Bank of India to commence banking business under section 22 of the Banking regulation Act 1949 on 9th Jan 1998 . The Bank with its Registered office and its only Branch at P.N Dogra Market Udhampur commenced business on 3rd November 1998. At that time it had 1286 Members / Shareholders with share capital of Rs.7.76 Lakhs and the area of operation confined to the Udhampur city including Cantonment area.

Organisational Structure: The Bank has its Head Office and only Branch at P.N Dogra Market Udhampur, in a Govt. Building of PWD Dept. on rent .The Bank has been functioning under the control of elected Board of Directors and election to the Board has been conducted on 2nd June 2005. The twelve Directors elected are (1) Sh Sham Saroop Kalsotra (2) Sh. Ashok Pachiyala (3) Sh. Ramanand Baria (4) Sh.Dharamveer Gupta (5) Sh.Ram Kumar Thappa (6) Sh. Diwakar Gupta (7) Sh. BharatBhushanSharma (8) Sh.Jugal Kishore (9) Sh. Kuldeep Sharma (10) Sh.Anand Jandial (11) Sh.Jyoti Parkash Sharma (12) Sh Som Raj Khajuria. The Board of Directors elected unanimously the Chairman, the Vice-Chairman in their meeting held on 8th June 2005,Sh Sham Saroop Kalsotra & Sh. Ashok Pachiyala respectively. The Managing Director, Tilak Raj Khajuria is an ex-officio member of the Board, besides functioning as its Secretary performs all duties of the Chief Executive Officer. The only branch is controlled by the Manager through his Staff.

Operational Figures:  

S. No.	Particulars	Position as on                    (Amount in Lakhs)
		2000-01	2001-02	2002-03	2003-04	2004-05
A.	Share Capita	10.07	11.33	13.57	16.52	19.18
	Individual	10.07	11.33	13.57	16.52	19.18
	Govt.	------	------	------	------	------
B.	Deposits	146.29	202.45	290.67	411.69	512.09
C.	Advances	87.17	129.99	194.25	264.60	341.78
D.	Recoveries	99%	95%	97%	97%	97%
E.	Cost of Funds	8.00	8.18	6.43	5.95	5.30
F.	N P As	0.00	0.30	0.00	0.00	0.00
G.	CD Ratio	60%	64%	67%	64%	67%
H.	Business per Branch	233.46	332.44	484.92	676.29	853.87
I.	Business per Employee	38.91	55.41	60.61	67.63	85.39
J.	Net Turn Over	1032.37	1621.68	3074.11	3918.58	4781.40
K.	Net Worth	10.07	11.77	17.31	25.42	32.65
L.	Net Profit	0.95	2.20	0.84	7.32	7.40

Affiliated Societies: The Bank is registered as Urban Cooperative Bank hence no society, what so ever, is affiliated to this Bank.

Details of Electoral College Including Number of Members to be Elected in the Board of Management: The Share holders of the Bank constitute the Electoral College for the election of twelve members who formulate The Board Of Directors for a period of three years, in accordance to the provisions of Jammu & Kashmir Cooperative Societies Act & Rules made there under, excluding the strength of Govt. Nominees, nominated by the Govt. under the provisions of the Act & Rules made there under. The Bank has an electoral college of 2021 member Shareholders as on 31-03-2005.

Development Action Plan (DAP) Strategies thereof: Although the banking Industry has been recently under the pressure of low interest rate regime, yet the margins have been under strain due to high level of competition.  In view of the financial reforms, banks are confronted with the tighter capital adequacy & prudential norms, transparency and disclosures practices, Asset liquidity management & Risk Management, The bank continued to make strides in its business operations recording a steady growth in Deposits, Advances, Share Capital Reserves & Profits. The bank adequacy Ratio stood at 10.75% against 9% stipulated by R.B.I and the banks credit policy to maintain best possible assets quality complied with enhanced recovery dues and prevention of fresh slippage. The bank was able to maintain nil NPA.In view of the sustained excellent financial results, the bank paid 10% Dividend for the year 2003-04 and also proposes 10% dividend for the year 2004-05.

The bank, after extension of area of operation to whole district, like to open branches at Katra , Reasi , Ramnagar & more branches in Udhampur town.

Audit Classification: Audit of the bank is conducted by the Registrar Cooperative Societies through its Audit Department controlled by Joint Registrar, Cooperative Societies Audit, Jammu & District Audit Office, Udhampur. As per Audit Classification the bank has been classified in 'A' Category.   

Modernization programmes / Human Resource Development Programmes: Keeping in view  stiff competition in banking Industry, due care is taken to provide Customer Friendly Environment and Service with a smile. All basic and Infrastructural requirements are given due attention for staff as well as for customers. The staff is equipped with required skills for all routine activities in banking. The bank is deputing the staff to attend training programmes being conducted by RBI and JCC Bank Ltd. Jammu. The staff is also guided by the Manager who has vast experience in the banking field, being a retired AGM from J&K bank.

Computerization: The Bank is not yet Computerize due to financial constraints, However, to extend more effective & efficient services to the clients the bank management wants to computerize the branch as early as possible.

Client/ Member friendly schemes recently devised: The bank has recently enhanced the scheme which aims at providing 1 % more interest on the Term Deposits to the senior citizens instead of 0.5 %.