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Gonikoppal, Nov. 25: By maintaining honesty and transparency, the bank is conducting crores of rupees worth of transactions annually, which is no less than that of nationalized banks, and is a model for the state, said Kodandera Bond Ganapathy, Cooperative Ratna awardee and President of Kodagu DCC Bank.
Presiding over the inauguration program of the 25th new branch of Kodagu District Cooperative Bank organized in the border area of Tithimati, he said that 24 branches, including the Madikeri Central Bank in the district, are continuing to make profits. By opening branches in the border areas, the bank is working to facilitate local farmers and customers.
The new branch was opened after local growers and farmers requested to open a new branch in Tithimati, a border area with the highest number of workers, tribals and farmers in the rural area. Services are provided to the nationalized banks. Kodagu District Cooperative Central Bank is a model for the state and is ranked 3rd in the state. 4To the sixth page (from the first page)
The farmers, growers, and customers of this area should take the bank towards development by transacting in DCC Bank. Loans will be sanctioned to self-help groups at zero interest rate and to men's self-help groups at 7.5 interest rate. They should become self-reliant by taking advantage of this, and a new ATM center will be started in the Thitimathi branch as per the demand of the customers.
19 ATM centers are functioning in the district. Their deposits are secured through insurance facilities, just like in nationalized banks. The target is to establish 31 branches in total by opening more branches in the district in the coming years. DCC Bank is giving 13% dividend annually to its members.
He said that the board of directors has decided to give a special interest rate to customers who deposit in banks with effect from December 1. Speaking after inaugurating the new branch, Legislative Council member Mandepada Suja Kushalappa said that cooperative societies in Kodagu district have been successful in winning the hearts of the people by providing friendly service to the customers. Bank staff should maintain good relations with the customers.
Loan sanction to farmers should be done on time without any hindrance, so that the customers come closer to the bank, he said.
Cheppudira M. Ramakrishna, President of Thitimathi Primary Agricultural Cooperative Society, who arrived as the chief guest, said that the opening of the new branch has given strength to our cooperative society. In nationalized banks, one has to wander for months for loan sanction. But such a problem does not arise in cooperative banks. He called on the customers to repay the loans taken on time.
The security room of the bank was opened by Kushalnagar Cooperative Society President T.R. Saravana Kumar inaugurated the event. Cash Counter Vice President K.S. Poovaiah inaugurated the event. Director Gummattira Kilan Ganapathy inaugurated the bank's computer.
On the stage of the program, Central Cooperative Bank Vice President K.S. Poovaiah, Directors H.M. Ramesh, Hosur J. Satish Kumar, K. Arun Bheemayya, S.C. Sarath Shekhar, H.K. Madappa, N.M. Uthappa, P.P. Pemmaiah, K.N. Satish, Patrapanda B. Raghu Nanaiah, H.D. Ravi, including Chief Executive Officer H.D. Ravikumar, General Manager G.M. Bojamma, were present.
G.M. Bojamma prayed, DGM T.G. Girish, Professional Director M.C. Nanaiah welcomed and Vice President K.S. Poovaiah proposed vote of thanks. The President, Vice President and Director of the surrounding cooperative societies, local citizens participated in the program.
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