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By Rons Bantwal
Daijiworld Media Network—Mumbai (RD)
Mumbai, Jun 11: The annual general body meeting of Bharat Co-operative Bank (Mumbai) Limited was held at Brijavasi Palace auditorium, Goregaon (East), on Saturday June 9.
The Bank’s former chairman and executive director Jaya C Suvarna presided over the meeting on Saturday evening.
Speaking on the occasion, he said that the Bank has been committed to extending world-class banking facilities to ordinary customers, to encourage youth to realize their aspirations to begin small scale industries. The Bank has launched Visa international debit card to a wide section of customers in order to respond to their demands in the era of globalization. He added that the Bank is fully geared up to face the challenges of globalization.
“The Bank’s chairman V R Kotian said that the Bank that was founded in 1978 by metro-based Billawar Association, has 47 branches in the country, with working capital reaching Rs 4,642.17 crore. The loans and advances crossed Rs 2,824.47 crore with gross profit of Rs 471.76 crore and net profit of Rs 65.18 crore. The Bank has plans to reach 50 branches by end of this year. The efficiency of Bank staff and farsighted plans of Board of Directors enabled the Bank to makes its strong presence in the co-operative sector in the country,” said V R Kotian.
He also announced 15 percent dividend to shareholders on the same occasion. The Bank’s deputy chairperson lawyer Rohini J Salian, directors M B Kukyan and Pushpalata N Salian, L V Amin, Raja V Salian, Jyoti K Suvarna, M B Sanil, Y Nagesh, Mohan G Poojary, Chandrashekar S Poojary, Shankar D Poojary, Jagannat V Kotian, N Nityanand, Bhaskar M Salian, Rohit M Suvarna, K N Suvarna, Jaya A Kotian, and CEO Chandrashekar R Mulky were present on the dais.
The Bank’s founder president Varada Ullal, chief general manager Professor Shekar Poojary, deputy chief general manager Shobha Dayanand, Vivek S Shanbagh, Raghu Poojary, Nityanand D Kotian, assistant general managers Prabhakar G Suvarna, Mohandas Hejmady, Vishwanath G Suvarna, Dinesh Salian, Vidhyanand S Karkera, Kishore D Kotian , Ramesh S Poojary, Jayakar D Poojary, B G Nayak, Rashik Shah, Ramesh Shetty, Kirti Shah, Ramachandran, N A Joshi, and Padmanabha Poojary were present.
Chandrashekar R Mulky welcomed the gathering and presented the annual report. Anil Kumar R Amin proposed the vote of thanks.
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