Congratulations to the Chairman and the Directors on the Board and the TEAM OF Excecutives headed by the CEOMD . Let the Bharat Bank march forward , amidst tough competition , with the innovative ideas in the banking field so as to keep up the progressive path. Jayakar D.Poojary Ex Hon.General Secretary of the Billawar Association Mumbai during the contemplation in 1974/75 about sponsoring a bank which took birth in 1977 and started functioning in 1978/79 in Mumbai which is now opening its 53rd branch in Mulki. Coincidentally the possiblity of going for a bank through the sposorship by the Billawar Associatioin Mumbai was also talked in a meeting / reception held in the Billawa Samaja Mulki in 1974/75 when I visited Billawa Sanga Mulki which was attended by the then office bearers including Shri Jaya C Suvarna and Late Shri Somappa Suvarna. I a pleased to just recollect that on this occasion . Congratulations to Shri Jaya C Suvarna on this occasion.
Today banking activities have become more vulnerable due to stiff competions from especially from PSU banks because of variable rate of interest prevailing for different segments of loans and advances,fecillty for offering most attractive interest rates for elegible accounts such as MSMEs etc. covering most of the priority retail lending products under SMEs,system of periodical credit ratings system prevailing for considering lesser interest for elegible accounts etc. Deposit fortfolio has taken a back seat in the process of business development which are now being reviewed on monthly basis taking into consideration RBIs periodical reviews.Net Interest Margin(NIM) is threatening the banks due in their attempt to bag good viable loans and competion from other banks.Co opertive Banks like Bharat Co operative Banks have a tough time to increase their loan share under various segments which are highly priced compared to PSUs.Non existant of MSME sectorial deployment of loans and subjecting them for periodical rateing is also a setback.The days of additional interest for bulk deposits is also over in view of availiability of huge funds by banks.It is really a task to increas healthy loan accounts in view of various factors cited above.Another area where these small banks suffer is that their share in CASA segment(Current,Savings accounts) is relatively low which is eating vitals.Though RBI has liberlised the interest rates to be paid by banks to SB accounts most of the banks have not ventured courage to pay more than 4% interest rate paid.Only new generation bank Yes Bank is paying 7% interest to its SB account balances.NPA(Non Performing Assets)is quite low in small banks compared to quantum jump of figure under NPAs in PSU Banks in recent timesFront line staff service relatively good in these private bakks compered to most of state owned banks.
Congratulation jayanna & Bharat Banks staff & billaws.Wish u all the best to Mr.Laxminarayan.
Congratulations to the Bharat Bank's Management & staffSalute to Shri Jaya Anna & his Team
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