Message from General Manager
The Nainital District Co-operative Bank Ltd, Haldwani (Nainital) is one of the leading District Cooperative Bank with ATM facility in Uttarakhand and , it has been our constant endeavour to provide highest levels of service to our esteemed customers. The Bank offers a complete range of retail banking services, including retail loans to its customers and Agriculture Loan to farmers through its 53 Primary Agriculture Cooperative Societies.
Our deposit base as on 31.03.2014 stood at ₹ 61370.61 lacs. The bank paid dividend at the rate of 20% to its share holders. The CRAR of the as on 31.03.2014 was 15.65 % and net profit of the bank for FY ended 2014 stood at ₹ 551.39 lacs.
The bank has network of 30 branches which are fully automated and bank is exploring the possibility to provide its customers alternate delivery channels.
The objective of the bank remains to be a preferred provider of banking services for retail customer segments. In its coveted objective to provide security to its customers the bank in collaboration with Exide life insurance which inter-alia provides insurance cover to all deposit account holders and customers. The Bank has an efficient mechanism for NPA management and it has managed to keep net NPA at 4.52 percent of net bank credit. Know Your Customer (KYC)/ Anti Money Laundering norms are followed in accordance to the regulatory norms. The bank gives high priority to customer feedback and complaints to strengthen its resolve to be a preferred provider of retail banking services.
I would like to place my gratitude to the Board of Directors, share holders and customers for their kind cooperation and patronage.