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Mangalore: 53rd branch of Bharath Bank inaugurated at Mulky

Mangalore: 53rd branch of Bharath Bank inaugurated at Mulky

Rons Bantwal
Daijiworld Media Network – Mangalore (DV)

Mangalore, May 30: The fifty-third branch of Bharat Co-operative Bank (Mumbai) Limited, multi-state scheduled bank was inaugurated at Shambavi Commercial Complex, Mulky near here on Thursday May 30 morning.

All India Billawa Federation and Mumbai-based Billawara Association president and Bharat Co-operative Bank former chairman and present director Jaya C Suvarna inaugurated the new branch.

Mulky town panchayat vice-president Yogesh Kotian, Billawara Association Mumbai vice-president C T Salian, Kannadiga Patrakartara Sangh Maharashtra president Chandrashekar Palettady, Mohan C Poojary Ahmadabad, Muddu Salian Mulky, Jitendra Suvarna Dubai, R D Poojary Mumbai, B T Salian were the specially invited guests at the occasion.

The Bank deputy chairperson, advocate Rohini J Salian inaugurated the ATM kiosk, while the senior director Pushpalata N Salian inaugurated the banking facilities including safe deposit lockers.

Speaking on the occasion, Jaya Suvarna said that the Bank has the goal of becoming a top bank in the country which is fully dedicated to the trusted customers who are the backbone since its inception. "It has the objective of opening 15 more branches in the coming year. The Bank is helping small entrepreneurs to realize their aspirations to start enterprises," said Jaya Suvarna.

Yogesh Kotian said that the co-operative banks play a key role in rural development. Its dream realized to open the branch of Bharat Co-operative Bank in Mulky, that is the native town of veteran of co-operative movement Jaya Suvarna, said Yogesh.

B T Salian said that the Bank promotes the unity of Billawa community and lauded the banking expertise of its chairman Vasudev R Kotian for making the bank among the leading ones in the country, said Salian.

Jitendra Suvarna Dubai said that the Bank is helping the small investors to realize their dream of setting up small business. Its social concern also makes a distinct financial institution in the country, said Jitendra.

Chandrashekar Palettady said that Jaya Suvarna has brought the banking services to his native, all through struggling in the metro amassing banking expertise and leading the bank successfully, said Chandrashekar.

Chandrashekar Shanti Padubidri performed religious rituals at the new branch on Wednesday May 29 evening. Uday Salian and Geeta Salian couple was present during the rituals.

The Bank’s directors M B Kukyan, Raja V Salian, Jyoti K Suvarna, M B Sanil, Chandrashekar S Poojary, Bhaskar M Salian, Rohit M Suvarna, K N Suvarna, CEO and managing director C R Mulky and hundreds of bank customers, shareholders, well wishers were present at the occasion.

Leela Jaya Suvarna, social activist and entrepreneur Felix A D’Souza Taccode, Sadashiv Salian Payyottu, Muddu C Suvarna Jogeshwari, Vittal Amin, Domba Poojary Hejmady, Sitaram Poojary, chartered accountant Ashwajit Hejmady, Jaideep Amin Karnire, Vinod Sherlekar, H V Kotian Mulky, R D Poojary, Satish N Bangera, Chitrapu K M Kotian, Balappa Kundapur, Jinaraj Bangea Hejmady, Dr Anusuya Salian, Ganesh Bangeraji M Kotian Mumbai, Hariyanna Kotian Mulky, Kallappa Poojary, B T Salian , the Bank deputy genral managers Shobha Dayanand and Nityanand D Kotian, assistant general manager Mohandas hejmady, senior manager Harish K Hejmady, the bank officers Mahesh Karkal, Dinesh K Sanil, Sunil B Gujaran, Jitesh Kotian, region senior manager Balakrishna S karkera and branch managers were also present.

The new branch manager Laxminarayan C Salian welcomed the gathering. The deputy general managers Shobha Dayanand and Nityanand D Kotian compered the programme. The branch assistant manger Bhaskar Poojary proposed vote of thanks.

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Comment on this article

  • Jayakar Dejappa Poojary, Mumbai / Moodbidri

    Fri, May 31 2013

    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.

    DisAgree [2] Agree [4] Reply Report Abuse

  • KRPrabhu, Mangalore/Bengalur

    Thu, May 30 2013

    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 times
    Front line staff service relatively good in these private bakks compered to most of state owned banks.

    DisAgree [1] Agree [5] Reply Report Abuse

  • Rathnakar.Kotian, Uchila./Jubail.K.S.A

    Thu, May 30 2013

    Congratulation jayanna & Bharat Banks staff & billaws.Wish u all the best to Mr.Laxminarayan.

    DisAgree [5] Agree [8] Reply Report Abuse

  • Prem Salian, Dubai

    Thu, May 30 2013

    Congratulations to the Bharat Bank's Management & staff
    Salute to Shri Jaya Anna & his Team

    DisAgree [3] Agree [6] Reply Report Abuse

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