Excelsior Correspondent
JAMMU, July 23: The Government today reviewed the functioning of Jammu Central Cooperative (JCC) Bank in a meeting held here in the premises of Head Office of the Bank at Rail Head Complex.
During the review meeting, Administrator JCCB, Joint Registrar Cooperatives (Admn), Mufti Mohammad Farid-ud-Din briefed the Secretary, Cooperative Department, RK Koul, regarding working of the bank and gave a resume of latest initiatives taken in improvement of the bank. He also suggested several measures for streamlining the working of the bank.
Secretary, Cooperative Department R K Koul stressed upon the bank management to improve recovery portfolio to the maximum of 100 percent on current demand and substantially in respect of the arrear demands. He laid emphasis upon the maximum recovery in Non Performing Assets (NPA) cases. He also laid stress on the need to cut down on the managerial expenses as it is the drain on the feeble financial recourses of the bank.
R K Koul directed the bank management to circulate performance indicators to its branches by fixing targets of advances and recoveries especially in NPA cases and laid emphasis on the monthly review of the performance i.e. before 10th of every month. The incentives to the employees should be linked to their performance alone and the non-performers should be held accountable.
Additional Registrar, Jammu Cooperative Societies, Anjana Tikoo (KAS) and Deputy Secretary to Government Cooperative Department, Mukhtar Ahmed (KAS) were also present in the meeting.
The meeting was also attended by CEO/GM (Admn) JCCB, Ganesh Chander Sharma, GM (Banking) Sikander Gupta, GM (I&V), Sarwan Das Choudhary and DGM (Advances), Mohammad Mushtaq.
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