JAMMU: Commissioner Secretary, Cooperative Department, Yasha Mudgal, today chaired a comprehensive review meeting held to evaluate the performance and operational status of the Anantnag Central Cooperative Bank Ltd. (ACCB) at the JCC Bank Rail Head Complex.
The meeting was attended by the senior officials, including Registrar, Cooperative Societies, Mohammed Shafiq Chak; Director Finance, Cooperative Department; Assistant General Manager, NABARD, Ravi Shankar Sharma; other senior officers from the department and branch heads of the bank.
General Manager, ACCB, Intikhab Hussain, delivered a detailed PowerPoint Presentation highlighting the bank’s physical and financial performance. The overview encompassed key parameters such as deposit mobilization, advances, loan disbursement, liquidity management, asset quality, profitability, productivity, and human resource management. He also outlined ongoing initiatives aimed at enhancing the operational efficiency, strengthening internal controls, and transforming the bank into a financially sound, customer-centric institution with improved service delivery to members and customers.
The meeting featured in-depth discussions on the bank’s overall financial health, operational challenges, and strategic priorities. Key focus areas included measures to reduce Non-Performing Assets (NPAs), strengthen recovery mechanisms, improve profitability, and ensure long-term sustainability.
The Commissioner Secretary was briefed on various operational aspects, performance indicators, challenges encountered and proposed strategic interventions to fortify the cooperative banking framework across Jammu and Kashmir.
Emphasizing the critical importance of financial discipline, Yasha Mudgal directed the officials to prioritize robust recovery strategies, enforce timely loan repayments and adopt sound financial management practices. She instructed the concerned officers to focus on achieving the targeted financial benchmarks, particularly improving the Capital to Risk-Weighted Assets Ratio (CRAR), enhancing overall financial stability and ensure regulatory compliance.
The Commissioner Secretary further asked all the officers to work with full dedication. She reaffirmed the bank’s commitment to proactive steps for boosting operational efficiency, elevating financial performance and delivering superior banking services to members and customers.
She reiterated the need to increase quality loan disbursement, modernize management systems and accelerate recovery efforts. She asked the Branch managers to expand high-quality lending while ensuring effective recovery of outstanding dues, and to implement aggressive measures to bring NPAs down to targeted levels.
