UP State Co-op Bank gets RBI nod for internet banking indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.
Uttar Pradesh’s apex bank Uttar Pradesh State Cooperative Bank (UPCBL) has registered growth on all the financial parameters in the 2020-21 financial year. The bank crossed the total business of Rs 17k crore and earned a net profit of Rs 45 crore, amidst Covid-19.
From earning profit to increasing its deposit base to disbursing loan to controlling NPA, the bank has shown a remarkable performance. While other co-operative banks are grappling with the problem of NPA due to Covid-19, UPCBL has once again been able to control its NPA level.
Talking to Indian Cooperative the bank’s Managing Director Bhupendra Vishnoi said, “There is no adverse impact of Covid-19 on our business, we were able to perform better in the 2020-21 FY with the support of our members and management.”
UP State Co-op Bank to open 13 new branches indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.
Lucknow based apex bank Uttar Pradesh State Cooperative Bank (UPCBL) which used to be in the news for illegal recruitment, has registered growth on all the financial parameters in the 2019-20 financial year. The bank crossed the total business of Rs 15k crore.
Sensing its spectacular performance, the state co-op minister Mukut Bihari Verma visited its headquarters on Thursday where he distributed warm clothes to the needy.
From earning profit to increasing its deposit base to disbursing loan to controlling NPA, the bank has shown a remarkable performance. While other co-operative banks are grappling with the problem of NPA due to Covid-19, UPCBL has once again been able to maintain the tradition of Zero Net NPA.
Uttar Pradesh State Cooperative Bank and 50 DCCBs will get the facility of Net Banking soon because the cooperative department has applied for the Reserve Bank of India’s permission for net banking.
Additional Chief Secretary of Cooperative Department MVS Ramireddy has informed that the license of Net Banking is expected to be given soon. With the introduction of net banking, customers of co-operative banks will also be able to avail the facility of RTGS and NIFT in a convenient manner.
The lakhs of customers associated with UP State Co-op Bank and DCCBs will get the benefit.