Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Sponsored Greetings |  Astrology  |   Red Chillies |  Automobile |  Music |  Tribute

      Search in

Friday, May 11, 2012 2:25:11 PM (IST)  

Cooperative Bank ,Thane Janata Sahakari Expands its Reach

Special correspondent
Daijiworld Media Network- Panaji
Panaji, May 11:
Thane Janata Sahakari Bank(TJSB), a cooperative bank, has decided to expand its pan-India presence during the current financial year by opening more branches in Goa, Karnataka and Gujarat, informed a press release here recently.

Vidyadhar Vaishampayan, Thane Janata Sahakari Bank(TJSB), chairman announced the expansion plan for the current financial year which includes opening of three branches in Gujarat, one in Karnataka and two in Goa. The bank intends to tap the financial market in Gujarat’s Ahmadabad, Surat and Baroda cities besides making its presence in Karnataka’s capital city of Bangaluru. Vishampayan said that two branches in Goa at Ponda and Margao in addition to its branch in Mapusa are also on the card.

The Reserve Bank of India has already given permission for the bank to open 20 branches during the current financial year raising the number of their outlets from existing 63 to 83 during Financial Year 2012-13. The bank had laid its footstep in Goa and Karnataka six months back and since then have been receiving good response from the customers, bank’s chief executive officer Satish Utekar claimed.

He informed in a press release that the bank has a mix business of Rs 15 crore with 70:30 deposit-credit ratio in the state. TSJB aims at targeting small and medium entrepreneurs (SME) through its presence in Goa’s Ponda and Margao cities, which are hub of commercial activity. Overall, Utekar said, the bank has grown by 28 per cent during last fiscal reporting a total turn over of Rs 7,000 crores.

The bank also plans to have cash acceptance machines (CAM) in its branches in Thane (Maharashtra) for the convenience of the traders, who have to go back home in unsafe environment after their daily business closes every night. Utekar explained that the CAM will have the facility to accept the money on the spot and credit it to the account overnight.

“Once our experiment is successful in Thane, we will replicate it to the branches where traders are more,” bank’s chairman Vaishampayan said responding to a question.

Stay updated wherever you go with and Daijiworld 24X7 tv channel mobile apps.
CLICK HERE to download it for your device.
(available on Android and IOS)

Print this Article
Email this article to your friend
Write your Comments
News Title Cooperative Bank ,Thane Janata Sahakari Expands its Reach
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.
Security Validation
Enter the characters in the image above
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike

Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry:, News & Info :

Disclaimer | Privacy Policy | About Us
Copyright ©2001 - 2016. All rights reserved.
Our Franchise Offices
Kishoo Enterprises,
3rd Floor, Mandavi Trade Centre,
Kadiyali, Udupi – 576 102
Telephone : 0091-820-4295571
e-mail :
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207