SCDCC Bank nets Rs 12.77 cr profit

[email protected] (News Network)
May 13, 2012

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Mangalore, May 12: South Canara District Central Co-operative (SCDCC) Bank has achieved Rs 12.77 crores of profit in the year 2011-12, for the first time in its 99 years of history. With this, the Bank has surpassed the Belgaum District Cooperative Bank record and rose to number one position with highest profit.

Addressing a press conference on Saturday, SCDCC Bank President M N Rajendra Kumar said that the bank had a turnover of Rs 2,374. 66 crores as against its target of Rs 2,085 crores. “The achievement is special because the bank has distributed Rs 157 crores of loan in 2011-12 including 55 per cent of agriculture loan,” he said.

Loss in agri loan

“According to the government policy, the Bank has been giving agricultural loan at an interest of 3 per cent. But the Bank is getting the interest amount only after two years,” he said and added that in spite of the stiff competition, the Bank has achieved 100 per cent recovery of agriculture loan consecutively for 17th year.

Stating that the SCDCC Bank has collected Rs 1,317.48 crores of deposit from its 55 branches in the year 2011-12 to become the only district cooperative bank in the State to collect such a huge amount, he said the bank has given a sum of Rs 1563.63 crores as advance which is 22.99 per cent more than previous year.

Giving details about the new facilities, Kumar said that the Bank now has Real Time Gross Settlement facility (RTGS). “SCDCC bank is the only district cooperative bank to have this facility,” he said and added that the Bank is happy to inform that the Non Performing Assets (NPA) of the bank has been dipped to 2.47 per cent.

New schemes

Rajendra Kumar said that the bank has received good response from the customers on its new schemes. “Jewellery Purchasing Loan scheme has got good response from the customers. In the year 2011- 12, the bank had distributed Rs 4.70 lakh of loan under the scheme.

With regard to Yashasvini Health Insurance Project, he said that 15,80,040 members were included into the project. “An amount of Rs 2.25 crores has been credited to Yashaswini account while a sum of Rs 2.38 crore has been spent for the treatment in the year,” he said.

Pension for workers

On new technologies he said the Bank is the only district-level cooperative bank to have mobile banking facility. “The Bank is introducing core banking facility which would centralise the transactions of all branches in the district.” He also added that the SCDCC bank is the only district co-operative bank to introduce pension plan to bank workers.

SCDCC Bank Vice President Vinay Kumar Soorinje, Directors M Vadiraj Shetty, K S Devaraj, B Raghuram Shetty, Sadashiva Ullal, Raju Poojari, Managing Director M Gopalakrishna Bhat and Cooperative Organisations' Deputy Manager P R Palangappa were present.

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News Network
September 20,2024

Udupi: A vigilant Railway Protection Force (RPF) constable, Aparna K T, demonstrated remarkable presence of mind when she rescued a student who slipped while trying to board a moving train at Udupi Railway Station on Friday morning.

The incident occurred as passenger train number 06602 arrived at the station around 7:30 AM. The student, traveling from Mangaluru to Gokarna, had briefly alighted to purchase snacks. However, as the train began moving, she hurried back towards the carriage with the snacks in hand. In her rush, she lost her footing, slipping dangerously between the platform and the moving train.

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Woman constable Aparna K T was given a cash reward of Rs 5000.

 

Constable Aparna, who had been closely monitoring the passengers, immediately sprang into action. “I saw her running towards the train and alerted everyone by blowing my whistle. She slipped, and her legs were caught between the platform and the train. Without hesitation, I pulled her out with the help of others nearby,” she recalled.

Thanks to Aparna’s quick thinking and the swift response of the railway staff, the train was stopped in time. Railway personnel, including the guard and loco pilot, were immediately informed, and they acted promptly to halt the train using both flag signals and a walkie-talkie.

RPF Inspector Madhusoodhanan PV arrived at the scene shortly after to check on the passenger's condition. The shaken but uninjured student was given water and helped back onto the train to safely continue her journey.

In an added measure of care, the RPF post at Bhatkal was notified to follow up on the passenger’s well-being during her journey. The student, fortunately, reached her destination without further incident.

The heroic rescue was captured on CCTV and has since gone viral on social media, earning widespread praise. In recognition of her bravery, Regional Railway Manager (RRM) Karwar awarded Constable Aparna a cash reward of ₹5,000, commending her quick action that averted a potentially tragic accident.

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coastaldigest.com news network
September 16,2024

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Mangaluru, Sept 16: In a heartwarming display of communal unity, members of Hindu and Christian communities celebrated Eid Milad—marking the birth of Prophet Mohammed—by distributing sweets and refreshments to their Muslim neighbors in Dakshina Kannada.

In Boliyar, near Konaje on the outskirts of Mangaluru, members of the local organization Geleyara Balaga surprised participants in the Eid Milad procession with an offering of sweets and cold drinks. 

The gesture of goodwill was led by Manoj, Sheena Poojary, Denis Lily, Sanat, Lokanath, Satish, Praveen, Madhu, and Valentine. Abdul Rahman, the khateeb of Boliyar Juma Masjid, expressed heartfelt gratitude for this act of kindness.

In a similar display of solidarity, a group of Hindus, draped in saffron shawls, distributed sweets and drinks to those partaking in the Eid Milad procession at Mani village, Bantwal taluk.

These acts of generosity highlighted the spirit of harmony and togetherness among different communities, celebrating the true essence of the festival.

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News Network
September 20,2024

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New Delhi: The Supreme Court today sought a report from the Karnataka High Court over controversial remarks made by Justice Vedavyasachar Srishananda during a recent court hearing.

Justice Srishananda, while addressing a landlord-tenant dispute, referred to a Muslim-majority area in Bengaluru as "Pakistan" and made a misogynistic comment involving a woman lawyer. 

A five-judge bench led by Chief Justice of India DY Chandrachud, along with Justices S Khanna, B R Gavai, S Kant, and H Roy, expressed the need for establishing clear guidelines for constitutional court judges regarding their remarks in court. 

The Supreme Court bench said that when social media plays an active role in monitoring and amplifying courtroom proceedings, there is an urgency to ensure judicial commentary aligns with the decorum expected from courts of law.

"Our attention has been drawn to some comments made by Karnataka High Court judge Justice V Srishananda during the conduct of judicial proceedings. We have asked the AG and SG to assist us. We ask the registrar general of the High Court to submit a report to this court after seeking administrative directions from the Chief Justice of Karnataka High Court. This exercise may be carried out in 2 weeks," the top court directed.

Videos of Justice Srishanananda have gone viral on social media.

In one video, he refers to a Muslim-dominated locality in Bengaluru as "Pakistan" and on another video he was seen making objectionable comments against a woman lawyer. In the second incident, Justice Srishanananda can be heard telling the woman lawyer that she seemed to know a lot about the "opposition party", so much so that she might be able to reveal the colour of their undergarments.

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