Shri Vyanktesh Co-operative Bank Ltd., Malegaon (Nashik)
Residential Office Address :- Main Office – Market Yard,
Camp Road, Malegaon (Nashik)
Phone : 251003.
Registered No. :- N.K.SSK/M.L.J./0 ,
Date : 18/9/1991
Working area :- Nashik District
Total Members :- 3242 nominated 21.
Board of Directors
|
Sr.No.
|
Name
|
| 1) |
Shri. Kashinath Shambhau Pawar
|
| 2) |
Shri. Bhaurao Shnkar Shewale
|
| 3) |
Shri. Abhiman Rayaji Nikam
|
| 4) |
Shri. Prabhakar Supadu Pawar
|
| 5) |
Shri. Ratan Ananad Patil
|
| 6) |
Shri. Ashok Murlidhar Patil
|
| 7) |
Shri. Sajan Ratan Bachhav
|
| 8) |
Shri. Somnath Shravan Ahirrao
|
| 9) |
Shri. Somnath Bhagu Sanap
|
| 10) |
Sau.Alka Ashok Aakhade
|
| 11) |
Sau. Aruna Rajendra Patil
|
| 12) |
Shri. A.K. Chindhade
|
| 13) |
Shri. Sanjay Shantilal Pahade
|
| 14) |
Shri. Panditrao Shravan Jadhav
|
This bank Vyankatesh Co-operative bank limited, Malegaon has been registered under the co-operative act having its main office is in market yard compound, camp road, Malegaon camp. Its registered no.N.S.K.M.L.G./07 dated 18-04-1991. Its working area is Nashik district, The total members of the bank is 3242 and it has only one branch.
For the floating capital it is binding for the credits bank to have investment so it has deposited 1 corer and fifty thousand in Nashik district co-operative bank, Market yard branch, Malegaon. It has invested 1.85 lacs N.D.C.C. bank and Rs.1000 in Maharastra State Co-operative bank and 76 lacs in Apex bank and 94 lacs and 90 thousands 25 lacks in Shyamrao Vithal Bank five lacks in Maharashtra co-operative bank 5 lacs M.A. scheme and deposits have securities of LIC.
The bank has various facilities. It has credited with audit class first. It has membership of the Maharashtra state co-operative bank association limited. It has accepted society for it mutual arrangement scheme. So it can draw demand draft from it other states like Maharashtra, Gujrat, Karnatak and Goa. It has also opened 100 and more branches. So consumer can get demand draft from all over country.
The director board and the founder chairman Samajshree Prashantdada Hiray have guided and suggested valuable instruction for increasing bank’s business bank does not grant any loan to the relatives of director’s board. The bank has appointed Shri.P.S.Jadhav as executive officer. The percentage of the loan is 11.94% and the N.P.A. is 5.55 . The bank is always known for its reserve fund and the profit from the various sources like fixed deposits and interest. It’s main income source is interest on the loan and it has got profit of 10lacs and 55 thousands and bank has obtained profit of 10,54,902087.
Profit distribution :
-
|
Profit
|
10,54,902.87
|
|
1) Reserve fund
|
2,63,726.00
|
|
2) Building fund
|
3,00,000.00
|
|
3) Extra reserve fund
|
4,91,176.87
|
|
The total profit distribution
|
10,54,902.87
|
The following details of bank detail have thrown light on its progress.
|
Sr.No.
|
Particulars
|
2003-04
|
2004-05
|
2005-06
|
2006-07
|
Growth
|
|
1)
|
Members
|
3022
|
3094
|
3169
|
3242
|
73
|
|
2)
|
Share capital
|
66.94
|
68.10
|
72.20
|
74.15
|
1.95
|
|
3)
|
Fund
|
35.39
|
37.66
|
48.83
|
66.37
|
17.54
|
|
4)
|
Fixed Deposit
|
726.08
|
783.93
|
877.93
|
908.89
|
30.96
|
|
5)
|
Investment
|
230.70
|
244.22
|
352.13
|
290.95
|
61.18
|
|
6)
|
Loans
|
552.30
|
607.03
|
618.78
|
720.92
|
102.14
|
|
7)
|
Currant capital
|
855.54
|
925.47
|
1052.13
|
1096.63
|
44.50
|
|
8)
|
Profit
|
-7.07
|
6.09
|
18.53
|
10.55
|
-7.98
|
|
9)
|
Audit Class
|
B
|
A
|
A
|
A
|
--
|
The customers are important part of bank without their co-operation bank can’t do its progress. The success of any bank depends on the service which provides to the customers so bank has co-operative object to serve them for the better cause and the strength of bank depends on its promising and helpful customers computerization is the main source of bank is well functioning and efficiency. Without computer system and new technology it can’t go ahead so for providing the better service to the people. Bank has all computerised facilities so that they can obtain speedy and neat service. The bank is ready to accept all the new challenges doing the healthy competition with other banks and left no chance to please its customers. All officer bearers and staff are very helpful, co-operative and hardworking who are always ready to serve the people well.
