Latest news with #ApexBank
The Hindu
2 days ago
- Business
- The Hindu
SCDCC Bank conferred with Apex Bank Award
South Canara District Central Cooperative (SCDCC) Bank President M.N. Rajendra Kumar and CEO K. Gopalakrishna Bhat received the Apex Bank Award for the best performing DCC Bank at the annual general meeting of Karnataka State Cooperative Apex Bank on Wednesday, in Bengaluru. Apex Bank President Belli Prakash presented the award at the Bank headquarters in the presence of director and Minister Shivanand S Patil and other directors. A statement from the bank here said that with a history of 111 years, the SCDCC Bank has received the Apex Bank award 23 times so far during the 31 years of leadership of Mr. Rajendra Kumar. The first prize of the Apex Bank was in recognition of the all round growth and 'A' grade achieved in the cooperative audit during 2023-24. The SCDCC Bank has computerised all its 113 branches and introduced several services, including core banking, bank on wheel etc. SCDCC Bank was achieving 100% agriculture loan recovery for the last 30 years.
The Hindu
4 days ago
- Business
- The Hindu
SCDCC Bank bags Apex Bank award for the 23rd time
The South Canara District Central Cooperative (SCDCC) Bank has been conferred with the Apex Bank award for the 23rd time for its performance during 2023-24. A release from the bank here said the Karnataka State Cooperative Apex Bank chose SCDCC Bank for its overall performance during the year under reporting. SCDCC Bank has deployed state-of-the-art technology and novel schemes to serve its customers in Dakshina Kannada and Udupi districts, it said. SCDCC Bank was given an 'A' certificate in the cooperative audit for the year. The bank had achieved 100% loan recovery in the year under reporting, a feat being achieved for the past three decades. Serving customers in urban as well as rural areas through 113 branches under the leadership of M.N. Rajendra Kumar, SCDCC Bank has been conferred with the Apex Bank award 22 times before. It was also awarded the APY National Award for the implementation of the Central government's Atal Pension Yojana for the fourth time. Mr. Rajendra Kumar will receive the award at the annual general meeting of the Apex Bank on August 13 in Bengaluru.
Time of India
19-06-2025
- Time of India
Traffic arrangements for Yoga Day
Bhopal: In view of the International Yoga Day celebrations scheduled for June 21 at Atal Path, the Bhopal traffic police announced specific traffic diversions and parking arrangements to ensure the smooth conduct of the event. The programme will begin at 6:00am, and traffic regulations will be enforced accordingly. Traffic Diversion : Restricted Routes: All vehicles heading towards Atal Path will only be allowed through designated alternative routes. Heavy traffic is expected on Roshanpura Square, Apex Bank Trisection, and Mata Mandir Road. Movement of public transport, authorised heavy vehicles, and other large vehicles on these routes will be diverted as necessary. Alternative Routes: Vehicles can use the following alternative roads: Roshanpura Square – Rang Mahal Square – Jawahar Chowk – Bharat Mata Square. Apex Bank via Link Road No. 1 – Tarun Pushkar – Second Stop – Mata Mandir Road. Parking Arrangements: Vehicles carrying senior officials will be dropped at Platinum Plaza Square on Atal Path and then parked on one side of the road towards Second Stop. Four-wheelers of participants can be parked to the right of Kela Devi Temple on Atal Path.
New Indian Express
02-06-2025
- Business
- New Indian Express
Congress MLC Dinesh Gooligowda writes to CM, urges to pay additional interest rate to NABARD
BENGALURU: Congress MLC Dinesh Gooligowda has written to Chief Minister Siddaramaiah and Deputy CM DK Shivakumar to pay an additional interest rate of 4.25% to NABARD on behalf of the state Apex Bank, which will then be able to borrow higher amounts from the central agricultural institution. The additional loan will enable the Apex Bank, DCC banks and primary societies to conduct business sustainably and provide necessary services to farmers. Every year, NABARD provides loans to DCC banks through the Apex Bank at low interest rates. DCC Banks provide loans to farmers through primary agricultural cooperative societies in their jurisdiction, Gowda pointed out in his letter. Last year, NABARD provided Rs 5,450 crore loan to the Apex Bank at 4% interest rate. But this time, NABARD has limited the amount that can be borrowed at 4% to Rs 2,700 crore. 'For additional loans, it charges 8.25% interest,'' he stated. These restrictions will lead to capital shortage for the Apex Bank and DCC banks and affect distribution of loans to farmers for the kharif season. This will in turn affect the foodgrain production targets for the year, he wrote.
