Presentation on theme: "THE PONDICHERRY COOPERATIVE CENTRAL LAND DEVELOPMENT BANK Ltd. P. 106"— Presentation transcript:
1 THE PONDICHERRY COOPERATIVE CENTRAL LAND DEVELOPMENT BANK Ltd. P. 106 Colas Nagar,Puducherry-1.
2 Registered on 04-01-1960 Started on 06-05-1960 REGISTERATIONRegistered onStarted onAREA OF OPERATIONWhole Union Territory of Puducherry
3 OBJECTS Major objects are : To promote the economic interest of its members and more particularly to arrange for funds to be lent to its members on mortgage of land and other immovable property.To float debentures and security of its assets and of land mortgages and other assets transferred to it by its members for such period and on such terms and conditions as have been approved by the Trustee.To receive deposits.To raise loans from the NABARD and Government.To issue Jewel loan on pledge of jewels
4 MANAGEMENT ELECTED MEMBERS - 12 Registrar’s Nominee - 1 The Management shall vest with the Board of Directors consisting of 15 members:ELECTED MEMBERSRegistrar’s NomineeAgriculture Dept. NomineeManaging Director
5 Last Election General Body was held on 12-12-2008 From the affairs of Bank is managed by the Administrator.
6 CLASSIFICATION OF MEMBERS “ A “ Class - Government“ B “ Class - Agriculturists“ C “ Class - Nominal MembersAUTHORISED SHARE CAPITALThe Authorized Share Capital of the Bank shall be Rs.2,000 lakhs as follows:90,000 “ A “ Class shares of Rs.1,000 each = Rs lakhs2,00,000 “ B “ Class shares of Rs.500 each = Rs. 1, lakhs2,00,000 “ C “ Class shares of Rs.50 each = Rs lakhs
7 PROGRESS OF MEMBERSHIP Details of Subscribed Share Capital and Total Membership for the last five years(Amount Rs. in lakhs)07-0808-0909-1010-1111-12ClassNo.sAmt.A1255.00259.90269.90279.90299.90B472149.23471448.03471246.16470845.89471545.79C912112.68972214.711029916.581079318.201123119.23Total13843316.9114437322.6415012332.6415502343.9915947364.92
8 The membership as on 31-03-2012 as follows: (Rs. in lakhs)ClassNo.sAmt.A1299.90B471545.79C1123119.23
9 Role of NABARD in the Development of the Bank The Bank adopted the strategy of preparing Development Action Plan (DAP) as on integral planning exercise sinceThe DAP has been prepared as per the guideline issued by NABARD.Fourth Phase of DAP/MoU came to an end byFifth Phase of DAP/MoU for the period from to is under the consideration of NABARD.
10 Memorandum of Understanding (MoU) has been entered into by the Government of Puducherry and the Pondicherry Cooperative Central Land Development Bank with NABARD to ensure satisfactory compliance with more important items of the DAP.Every year the NABARD is conducting Voluntary Inspection in the Bank.
11 GUARANTEE AND REFINANCE Based on the Government of India Guarantee, Bank has availed Refinance upto to the extend of Rs lakhs and repaid fully.From to in anticipation of Guarantee a sum of Rs lakhs has been availed as Refinance and the repayment has been made properly and the outstanding balance as on was Rs.9.84 lakhs only.The power of issuing Guarantee vested with the Government of Puducherry from the year 2006.
12 Government of Puducherry has given Guarantee for availing refinance from NABARD to the extend of Rs lakhs for the period from to and the same was expired on The Bank has not availed refinance from NABARD based on the guarantee given by the Government due to poor in take of loans.Bank was able to grant Long Term loan to farmers only to the extend of Rs.3.75 lakhs during the above Guarantee period from its owned funds.
13 WORKING OF THE BANK (Rs. in lakhs) Sl.No. Particulars 07-08 08-09 09-1010-1111-121Owned Funds765.24550.32526.27544.80571.902Share Capital316.91322.64332.64344.00364.933Reserves448.33227.68193.63200.80206.974Borrowings454.09391.25307.35548.00721.005Deposits764.88762.33874.04871.11930.776Investments127.41168.18181.44168.74181.107Loans & Advances outstanding8Recovery %74.7992.9995.4996.0995.859Int. received200.65149.36172.28203.46250.8710Int. Paid108.54120.66115.12124.10155.2711Estt. & Contingencies76.74108.04104.46112.48117.37
15 Kinds of loans issued by the Bank Schematic LoansAgriculture and Allieda) Minor Irrigationb) Tyre Cart & Bullocksc) Mini Dairyd) Farm Mechanisation ( Tractor Trailor, Power Triller)e) Inland Fisheriesf) Farm Pondg) Poultry
21 RECOVERY During 2011-12, the over all recovery position was 95.85%. A target of 96% was fixed fro the recovery to demand, during the yearThe bank has implemented the “Compromise Package of Interest Waiver Scheme” announced by Government of India and the Government of Puducherry. The financial assistance received by the Bank under the said package is furnished below(Rs. in lakhs)Government of India SchemeGovernment of Puducherry SchemeTotalThe same had an impact on recovery and a number of chronic overdues have been settled.
22 The demand, collection and balance position of various loans for the past 5 years are given below. 07-0808-0909-1010-1111-12IssuesCollectionOutstanding343.01101.8255.4151.5961.61% of Recovery74.7992.9995.4996.0995.85
23 SAFETY LOCKERBank is extending Safe Deposit Locker facility to the “B” class membersAt present 82 lockers in three Safes were let outBank mobilized nearly a sum of Rs lakhs as Deposit from the hirers.A sum of Rs lakhs has been collected as Service charges duringProposal to purchase one additional Safe consists of 40 lockers has been approved by the Registrar of Cooperative Societies.
24 THE FINANCIAL RESULT FOR THE LAST 5 YEARS Sl. No.Particulars07-0808-0909-1010-1111-121Loss / Profit(-)21.78*(+)201.01(-) 7.77(-)14.58(-)25.032Accumulated Loss(-)283.12(-)82.11(-) 89.88(-)104.46(-)129.49* Profit due to implementation of Waiver Schemes
27 BENEFITS TO EMPLOYEES: The following Benefits are provided to the Employees of the BankMedical Rs. 300/- per monthTea Rs. 8/- per dayFestival Rs.5,000/- per employee per annumTerm Loan upto Rs.1,00,000/- per employeeGeneral Body MeetingThe Annual General Body Meeting was held lastly onApproved Annual Reports for the year from to
28 AUDITThe Final Audit upto was completed and Report issued.The Bank is classified under “C” Class for the Financial yearFor the year proposal for the appointment of Auditor has been sent to the Registrar of Cooperative Societies.BRANCHESThere is only one service Branch functioning at Karaikal. The Accounts are consolidated with the Head Office Accounts
29 ACHIEVEMENTS AND CREDITS FOR THE YEAR 2011-12 The Bank has awarded for the Best Lending performance in the National Level by the National Cooperative Agricultural and Rural Development Bank’s Federation as detailed:Sl. No.AwardsName of the Trophy1Best Lending PerformanceMeloth Narayanan Nambiar Memorial Trophy2Best Lending Performance3Best RecoveryDattatrayulu Memorial Trophy4Outstanding Performance5Best Lending Performance6Appreciation Award
30 Issues and ChallengesOur Bank is purely depends on NABARD for refinance to undertake Long Term activities.Without refinance the bank may not able to issue Long Term Loans to the farmer.It is necessary that the Government of Puducherry has to give Guarantee for availing refinance from NABARD.After implementation of Government of India and Government of Puducherry waiver Scheme, the Schematic lending has been stagnated.Fast urbanization of union territory of Puducherry is one among the other factors which impacts on the business of the bank.
31 To advice break even level, the present business level which is around lakhs has to be increased to above Rs lakhs.Since there is instruction from NABARD in mobilizing deposit above its net owned funds, the bank finds it difficult to attain the desired level of business.It is necessary that the government of Puducherry has to contribute generally to the equity share of the bank until the owned funds position is stabilized to attain the business level.Though the NABARD has stopped the refinance from the bank has managed its funds from deposits and borrowings from Puducherry State Cooperative Bank at high cost.
32 PROJECTS IN PIPELINES E-Mail ID email@example.com The Bank has proposed to start Recurring Deposit Scheme for the members for which necessary proposal has been submitted to the Registrar of Cooperative Societies.For renewal of Government Guarantee for Rs lakhs for the period from to has been submitted to the Registrar of Cooperative Societies.ID