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Chairman's Message


Sri.Prasanta Kumar Das

Sri.Prasanta Kumar Das

The cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts. Cooperatives are a major economic force in developed countries and a powerful business model in developing ones

It is with a matter of great pride that, I have adorned the chair as President of this prestigious Khordh D.C.C.Bank Ltd., Khordha, on 7th May 2015, with an aim to transform the institution on dynamic issues in a right direction. The Bank, having 18 branches at blocks, 3 extension counters along with its Head Office in the district head quarters, Khordha, has been consistently classified as 'A' grade in the audit report for the past several years.

The Bank has given top priority for financing Agricultural sector since inception by taking into consideration various credit needs of the farmers, artisans, land less farmers, small entrepreneur. Farmers and villagers are given prominence and with eligibility whatever the requirement, financed adequately by the bank directly and also through the PACS and other societies at the ground level. Besides, all the inhabitants of the District are considered for the non-agricultural finance on their holdings.

Since the inception, the bank has been continuously earning profit. As on 31.03.2019, the Bank has earned profit of Rs 106.08 lakh. The owned fund of the Bank was Rs 7400.81 Lakh, Deposits Rs 41517.81 lakh, Borrowing Rs 42876.54 Lakh, Loan outstanding Rs 65548.14 Lakh, Loan Issued Rs 74370.42 Lakh, Gross NPA as percentage to loans outstanding 7.44% and Net NPA 0.93 % . Though there is tough competition and modernization in the banking field, we have been able to achieve our goals in the field of deposit mobilization as well as lending. The benefits like interest subsidies, interest subvention schemes of State and Central Government's are being made available in time to reach the ultimate borrowers. We are continuously persevering to keep up with the revolutionary changes of late in the banking sector. With The Odisha State Cooperative Bank Ltd as facilitator for implementing CBS, all our Bank branches were updated with CBS along with electronic transfer of funds RTGS/NEFT/IMPS all over India.

Bank is satisfying the customers consistently with all RBI's requirement like KYC updation, SMS alert, customer information system and bringing all KCC(Kissan Credit Card) holders on the streamline to the advanced system of banking by issuing them the RUPAY KCC Card.

To bring all the rural people under the financial inclusion ,to educate them and to have personal rapport with the downtrodden, to utilize Banking in a right direction, we have started FLC(Financial Literacy Centre) in our Bank.

In addition, Bank has adopted secured and protective measures like Personal accidental insurance by having a tie up with IFFCO-TOKIO GIC Ltd for KCC holders. Even employees of the Bank are provided with health insurance facility to be safe from the unforeseen expenditures by SBI GIC Ltd.

It is heartening to observe that there is a very responsible and dedicated Board of directors to not only take right policy decisions, but also to implement the same. They are forever striving to improve the bank's status, to lead the institution in a right path. For this I thank each Director individually and the staffs of the Bank.

I also thank all the customers, the member societies for unfailing cooperation to us over the years.

Sri Prasanta Kumar Das
Chairman