news details |
|
|
| JCCB directed to meet targets | | |
EARLY TIMES REPORTER
JAMMU | AUGUST 10
In a meeting of District Managers of Jammu Cooperative Bank, chair-ed by M.S Tariq, directions to fulfill targets by 30th sept. 2006 in respect of deposits, advances and recoveries were given, with the warning of action against non-performers. This was stated here by in a press release of the Bank.
The meeting was held at central office of the Bank here today the release said adding that Tariq informed the managers that the bank had already created an investment cell to invest the surplus funds in a proper manner, which would also monitor the investment made by the bank to watch the returns on the investments including the trading of Bonds.
The managers were informed of the Bank’s tie-up with Aviva Life Insurance having yielded good returns with more than Rs. 22. 00 lacs commission to the Bank from the said company.
The bank was making efforts to recoup the losses due to bad advances made to JAKFED which had reached a staggering figure of Rs. 68.00 crores with the hope of immediate results, the release further added saying that managers also assured the chairman of the untiring effort son their part as per the guidelines.
The meeting was attended by S.K Mehta, Th. Chatter Singh and Arun Bakshi besides Distt. Managers, Assistant General Managers and General Managers of the Bank
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
