Dear Members,

HelloFirst of all, we thank you all for conducting the unopposed election of the Board of Directors of the Bank. Also, I express my gratitude to all the members and the board of directors for showing your trust in us by electing me as the president of the bank and my colleague Mr. Shirish Mohite as the vice president of the bank without opposition. Of course, this has motivated me and all my colleagues to work more vigorously for the betterment and welfare of the organization.The policy of free economy adopted by our country, the environment of global recession is affecting the Indian economy. Due to this, the Reserve Bank of India is planning various measures to reduce the combined effect of rising inflation, fiscal deficit, rising price of mineral oil, unemployment. It affects the banking business.

 

Competitive interest rates on deposits and loans have made it challenging to provide loans to members and account holders as well as providing various banking services to maximum number of members and account holders as per Reserve Bank of India rules. Even in all these circumstances, the bank has kept interest rates on deposits and loans attractive.The Central Government has made extensive amendments in the Cooperative Act and banks have to work accordingly.

Enlightening all the members to become active members through training and maintaining continuity in this, the bank's visionary movement will now be successful with the participation of all of us, active members. The contribution of all of us members, depositors, account holders and well-wishers to the growth of bank business has become important while bringing about drastic changes in the level of customer service based on mechanization and information technology in the changing banking business.

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Co-operative banks were given the opportunity to implement Prime Minister's Jan Dhan Yojana, Insurance Yojana, Pension Yojana. Both the central government and the Reserve Bank are trying to bring civil cooperative banks at par with commercial banks.For the past few years, the Reserve Bank and the Cooperative Department have been increasing NPA liquidity loans etc. on the banks day by day. Our bank has been able to firmly establish its own existence and uniqueness in the public mind while facing severe problems such as strict rules and changes, instability in the financial market, rising prices of crude oil in the international market etc. All the members, account holders, depositors, well-wishers of our bank have an invaluable share.