Excelsior Correspondent
JAMMU, Aug 25: Followed by the results of election to the Board of Directors of The Citizens’ Cooperative Bank Ltd., Jammu, the newly elected Board of Directors of the Bank assumed the office, and in its very first Board meeting, Parveen Kumar Sharma was unanimously elected as Chairman of the Bank.
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Immediately after taking over, he transacted the routine business of the bank and approved the membership of applicant shareholders.
After taking over as Chairman of the Board of Directors of the Bank, Parveen Sharma assured to fulfill the commitments and promises made with the shareholders of the bank who have reposed confidence in the newly elected team of Board of Directors.
Appreciating the role of Administrator Dr Arun Manhas, (Additional Deputy Commissioner, Jammu), the Chairman announced to fully implement his innovative idea in the launching of CCBL Daily Deposit Scheme which will give impetus to the low cost deposit as well as benefit the common man and help financial inclusion.
Parveen Sharma hoped that professional experience of all the newly elected Directors, who are pioneers in their own field, shall contribute towards the upliftment of the bank and its working.
In a formal address to the gathering present, the CCBL Chairman called upon all the staff members to work with their fullest zeal so that bank fully prospers and comes up to the expectations of its depositors, shareholders and Regulators.
Subash Gupta, Chief Executive Officer National Federation of Urban Cooperative Bank & Credit Societies (NAFCUB) was also present on the occasion. He assured full cooperation and support of NAFCUB to the bank.
The Board of Directors, present in the meeting, included Bharat Bhushan Gupta, Kuldeep Raj Gupta, Sachin Gupta, Sumant Singh Jamwal, Suresh Kumar, S Surinder Singh (Advocate) and Varinder Singh Jamwal.
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