Plans 250% jump in ATMs:
Amreli District Central Cooperative Bank began its operations on 23 August 1950. Earlier, it was working as an agriculture firm since 1910. The rationale behind becoming a DCCB was to address the problems of farmers who availed expensive loans from money lenders and to help primary cooperative societies working in the district.
The bank today is headed by chairman Dileepbhai Sanghani, a cooperative veteran. He is the chairman of National Federation of State Cooperative Banks (NAFSCOB) since 8 June 2015, vice chairman of National Agricultural Cooperative Marketing Federation of India (NAFED), chairman of Gujarat State Cooperative Marketing Federation and chairman of Agriculture & Rural Development State Cooperative Society, Gandhinagar. He is also a former Gujarat minister for agriculture, cooperation, animal husbandry, fisheries and cow-breeding and an ex-MP.
NETWORK EXPANSION
At present, Amreli DCCB has 336 PACS affiliated to it. It has 71 branches and 6 ATMs. Savarkundla taluka has the highest (10) number of branches. Sanghani says the bank intends to install 15 ATMs in 2018-19 and then the network will cover the whole of the district. The bank also has received permission to open 2 branches.
CUSTOMER BASE
Sanghani says the bank has a customer base of 2,93,000 as on 31 March 2018. It has locker facility in 62 branches and gold loan facility in 65 branches.
INCREASING DEPOSITS, LOANS
Esta historia es de la edición May 2018 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 2018 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
