Himachal Coop Bank starts core banking

Shimla : The HP state cooperative bank claims to have taken a lead and become the first cooperative bank in the country to start core banking or anywhere and anytime banking facility .

This was stated by Chander Mohan Thakur, chairman of the bank here Saturday while presenting a dividend draft of Rs 57 lakh .

The bank’s turnover has crossed Rs 7000 crore during the last fiscal year . It has also earned a profit of Rs 82 crore .

“In an effort to keep pace with modern banking the coop bank has already opened 27 ATMs .50 more ATMs would be opened soon ,” Thakur said .

“Our network is expanding and 175 branches are functioning in the state most are located in villages . One branch is located in Delhi’s Azadpur market for the benefit of the farmers of the state,” he said .

The state chief minister P . K . Dhumal underlined the need for expediting recovery of loans advanced to individuals and companies . He congratulated the bank for reducing non-productive assets from 15 per cent to 9 per cent .

In a 20 year career published widely. He has worked for the BBC, AFP, The Statesman, IANS and the Business Standard . Known for his hard hitting writing and occasional off-beat stories. He lives in Shimla.

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