Coop banks in J

Srinagar, Sep 14 (UNI) Taking a lead over all other nationalised banks, the Cooperative banks in Jammu and Kashmir have distributed 45,687 Kissan Credit Cards (KCC) worth Rs 65.89 crores besides doing a business of Rs 21.70 billion.

An official spokesman said here today that with a total business of Rs 21.70 billion, the Cooperative Banks have witnessed a sea change in their performance to improve the lot of the financial health.

He said the Banks have earned the distinction of taking a lead over all the other nationalised banks in distribution of Kissan Credit Cards (KCCs) in the state.

As on March 31, 2008, 45,687 KCCs worth Rs 65.89 crore have been issued.

Giving the details of the break up he said, the Baramulla Central Cooperative Bank has issued KCCs worth Rs 25.30 crore while Jammu Central Cooperative Bank has issued KCCs amounting to Rs 20.33 crore.

The Baramulla Central Cooperative Bank has 66 per cent Credit deposit Ratio in the state which is highest in the state.

With a total number of 207 branches, Cooperative Banks in the state give employment to 1,617 persons.

The Cooperative Banks have attempted to remain apace with other nationalised banks in the matters of computerisation and ATM facilities, he said.

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