Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • SEO
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: ‘District Central Cooperative Banks recover Rs 44 cr of NPAs, reduce losses to 50%’
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search
  • Top Stories
    • Developing Story
    • Anchor
    • Breaking
    • Business
    • Editorial
    • Education
    • Features
    • Health
    • Interview
  • More
    • National
    • Politics
    • Opinion
    • Technology
    • Sports
    • Trending
    • World
  • Kashmir
    • City
    • Jammu
    • Jammu and Kashmir News
    • Kashmir Tourism
    • Kath Bath
    • Video
    • Viewpoint
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Jammu > ‘District Central Cooperative Banks recover Rs 44 cr of NPAs, reduce losses to 50%’
Jammu

‘District Central Cooperative Banks recover Rs 44 cr of NPAs, reduce losses to 50%’

RK News
Last updated: February 26, 2023 11:49 pm
RK News
Published: February 26, 2023
Share
3 Min Read
SHARE
Jammu, Feb 26: District Central Cooperative (DCC) Banks of Jammu & Kashmir have recovered Rs 44 crore of Non-Performing Assets (NPAs) during the current financial year so far, and the recurring losses have reduced to 50 percent as compared to the previous year. This was revealed during a review meeting chaired by Commissioner Secretary Cooperative Yasha Mudgal on Sunday to review the financial status of branches of DCC Banks of J&K.
The Commissioner Secretary had a detailed review of branch-wise targets allocated in the Monitorable Action Plan (MAP). It was informed during the meeting that the DCC Banks have also issued fresh lending of Rs 82 crore in the current financial year in different sectors which will have an impact on increasing the profitability of the branches in the coming months.
During the review, the MD apprised that out of 154 branches of all 3 DCCBs none of the branches were in profit during the closing of the previous financial year whereas, during the current year till 31st January 2023, 54 branches are running in profit. It was also informed that the Anantnag Central Cooperative Bank has already registered a profit of Rs 70 lakh till 31st January 2023, which is likely to go up to one crore plus at the closing of the current financial year. This is for the first time in more than 33 years that a DCCB has registered a profit. The last period when ACCB registered profit was 1989-90 which was to the tune of Rs 28,000.
After reviewing the parameters of DCCBs, the revised targets were fixed for these banks to be achieved up to March 2023. The Commissioner Secretary directed the department to hold recovery camps at the divisional level in Jammu to recover NPAs on account of Primary Agricultural Credit Societies (PACSs) on a war footing basis during the month of March.  The MD assured that there will be enormous growth in NPA recovery and profitability of these banks at the closing of the current financial year.
The meeting was attended by Registrar Cooperative Societies, Director Finance Cooperative Department, Additional Registrar Cooperative Societies Jammu/Kashmir, Additional Secretary Cooperative Department, MD and CEO District Central Cooperative Banks (DCCBs), Branch Heads, and other concerned officials both in person and through video conferencing. 
 
 
Doda student shines in Toycathon
Dogra Sabha & Mandir Committee delegation meet Randhawa, submit memorandum
SMVDU alumni receives gold medals
Standard writing competition held at Govt Polytechnic for Women Jammu
Secy PWD urges people to collaborate with govt to expedite dev initiatives 

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article NEST’23: SMVDU students interact with renowned nuclear scientists
Next Article 2 arrested for ‘kidnapping’ minor 
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

LG Ladakh Kavinder Gupta meets PM Narendra Modi 
Breaking National
August 2, 2025
Sakeena Itoo lays foundation stone for 10 MVA Receiving Station at Manzgam Kulgam
Breaking Kashmir
August 2, 2025
71st National Film Awards Winners List
National SEO Top Stories
August 2, 2025
Lieutenant Governor Manoj Sinha attends and addresses Chinar Book Festival at SKICC Srinagar
SEO Video
August 2, 2025

Recent Posts

  • LG Ladakh Kavinder Gupta meets PM Narendra Modi 
  • Sakeena Itoo lays foundation stone for 10 MVA Receiving Station at Manzgam Kulgam
  • 71st National Film Awards Winners List
  • Lieutenant Governor Manoj Sinha attends and addresses Chinar Book Festival at SKICC Srinagar
  • LG Sinha attends ‘Chinar Book Festival’ organised by National Book Trust of India at Srinagar

Recent Comments

  1. Raja Mani Khan on Minor Girl Dies in J&K’s Poonch Landslide
  2. Raja Mani Khan on Srinagar: People gather in big numbers to participate in Muharram procession
  3. Shah on Relief for Employees: J&K Bank Fixes EMI-Credit Mismatch, says JK Bank Chairman
  4. Latif khan on Why Kashmir needs Stronger Private Healthcare and Health Insurance
  5. Sameer farooq mir on Qazi Irfan assumes charge as RTO Kashmir

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?