WELCOME TO THE DISTRICT CO-OPERATIVE CENTRAL BANK LTD., VISAKHAPATNAM. Notification for the post of Staff Assistants/Clerks Recruitment 2018 Call letters Down load for online Examination . Click Here .

About Us

CONSTITUTION:

Consequent on the trifurcation of the erstwhile composite Co-Operative Central Bank Ltd., Vizianagaram the District cooperative Central Bank Ltd., Visakhapatnam  was  registered  with Headquarters at Visakhapatnam on 09.11.1981 for Visakhapatnam District and commenced is operations with effect from 13.11.1981.

Licence:

The Reserve Bank of India had granted licence under Section 22 of B.R. Act 1949 (AACS) to carry on the Banking Business in India w.e.f. 14.10.2011.

Board of Management

The Board of Directors of the Bank consistis of 24 elected members, two nominated members i.e., one Charted Accountant and one  Banking Expert and 3 other ex-officio members viz., District Co-Operative Officer, (RCS Nominee), DGM of APCOB, and CEO of the Bank, DDM NABARD VSP is a Special invitee. The Term of the Board is .e.f. 19 February 2013 for a period of 5 years  up to 18 February 2018.

Statutory Audit of the Bank:

The accounts of the bank were audited by M/s Sukumar Babu & Co., Vijayawada, charted Accountants and the Bank was placed in “B”Class in Audit for the year 2014-2015.

2015-2016 Statutory Audit is to be completed before 30.06.2016 positively.

CONCURRENT AUDITORS:

The Board of Management appointment 3 charted Accountant companies for conducted the concurrent Audit of the Bank for the year 2015-2016.

No of Branches of the Bank :

The Bank is having 28 Branches in Visakhapatnam District out of which 14 Branches were located in Urban area and the remaining 14 Branches in Rural area.

DETAILS OF AFFILLIATED SOCIETIES:

  1. PACS                                     :                98
  2. Weavers Coop.Soces          :                20
  3. Employees Coop.Soces.    :               157
  4. Sugar Factories                   :                  4
  5. Others                                   :               178

Total                                                :               457

GOVERNMENT SPONSORED SCHEMS:

  • PACS as MSC
  • Paddy procurement by PACS
  • Meeseva centre to PACS Fertilizers seeds Business through PACS
  • FLC Centres opened Chodavaram, Yellamanchili, Narasipatnam

Loans and Advances Provided by Branches:

  • Gold Loans
  • REML/Housing
  • Personal Loans
  • SAO SAOCKCC Loans
  • Special Crop Loans
  • SHG/JLG/RMG
  • LT Loans

SERVICES Providing by the Branches:

CRORE BANKING SOLUTIONS:

  1. Currently, 28 Branches of our Bank have accommodated completed computerized banking system successfully
  2. The Bank introduced the RTGS/NEFT and Mobile Banking facility’s
  3. SMS alerts.
  4.  ATM services in 17 Branches , Micro ATM Services in 28 Branches and 98 PACS.

DAP  & MOU

The Bank has achieved the Targets under MOU for Rs: 540.00 Crores and Loans 220.00 Crores for the year 2015-2016

Various Insurance Schemes introduced by Govt. Of India

The Bank is implementing the following insurance Schemes as announced by Prime Minister of India

  • Prime Minister Jeevan Jyothi Bhima Yojana
  • Prime Minister Suraksha Bhima Yojana
  • Atal Pension Yojana

COVERAGE OF INSURANCE TO PACS MEMBERS

The Bank has covered PAIS to the Borrowing Members of PACS up to 1.00 lakh per Individual.

Total coverage   83851 Members with Oriental Insurance Company Visakhapatnam

MEMBERSHIP OBTAINED FROM CREDIT INFORMATION COMPANIES

  1. CIBIL
  2. EQUI FAX CREDIT INFORMATION SERVICES
  3. CRIF HIGH MARK CREDIT INFORMATION SERVICES
  4. EXPERIAN CREDIT INFORMATION SERVICES (APPLIED)

FUNCTIONING OF FINANCIAL LITERARY CENTRE’S (FLCs)

  1. Chodavaram
  2. Narasipatnam
  3. Yellamanchili

 PADDY PROCUREMENT CENTRES:

There are 9 Paddy Procurement Centres opened in the District during the year

2014-2015 under Khariff and Rabi.

Earned commission of Rs: 48.87 lakhs

MEESEVA CENTRES:

There are 4 Meesea Centres opened in the District functioning through PACS

THE COMPERATIVE FINANCIAL POSITION OF THE BANK :

Rs.in lakhs

SL.NO PARTICULARS 2
014-2015
2015-2016 Increase/Decrease %
1 Share Capital 3259.90 3283.54 0.73
2 Free Reserves  902.53 1235.45 36.88%
3 Other Reserves 3524.62 3401.70 -3.50%
4 Deposits 44956.70 57720.78 28.39%
5 Borrowings 6959.19 19019.82 173.30%
6 Investment 18261.25 40686.71 122.80%
7 Loans and Advance 40941.16 40616.91 -0.79%
8 Net Worth/Solvency 3517.65 4518.99 25.46
9 Working Capital 59602.94 84661.29 42.04%
10 Profit during the year 387.71 518.06 33.62%
11 NPA 4262.83 2331.19 -45.31
12 NPA in % 10.41% 5.74%
13 Net NPA %   6.30% 2.09%
13 CRAR% 9.17% 10.29% 1.12%