Demonetization highly effected co operative banks in Himachal: Sapehiya
Author(s): Arvind SharmaDharamshala, January 27, 2017: Kangra Central Co operative Bank KCCB will not charge any interest if the Loan Accounts declared under NPA by 31 march 2013, deposits their loan amount in one go by 31st March 2017....
cityairnews
Jan 27, 2017 10:30
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Dharamshala, January 27, 2017: Kangra Central Co operative Bank KCCB will not charge any interest if the Loan Accounts declared under NPA by 31 march 2013, deposits their loan amount in one go by 31st March 2017. Disclosing this at Dharamshala on Friday the Chairman of KCCB, Mr Jagdish Sapehiya said, "The Co-operative Banks are highly affected by the demonetization policy of the central government and we have taken this step to reduce the loss.”
Talking to Media at Dharamshala on Friday, Sapehia said, "The annual net Profit of KCCB, which was estimated to reach around 80 crore has came down to 52 crore due to demonetization.”
Chairman said, "KCCB bank which has 210 branches and works in 5 districts of the state shall recruit 425 class III and IV employees and the process shall start next month.” He said that bank shall conduct the Exam for this through Board of School Education of the state. He said that bank shall also employee security guards for its ATMs.
He said, "The bank is providing its services in those hard areas of Himachal, where the nationalized banks have no access. These include Tabo,Kaza,Udaipur and so on.”
He said that 166 employee of its 28 branches where awarded with ex-gratia of Rs.83 lakh 94 thousand for meeting targets set up by bank management for last year.
