End of a five year term assignment.Next weekend I am to bid farewell to an assignment which I took up in June 2013. I was elected without opposition to the post of the President of a Service Cooperative Bank. It was really a tough time for me since I was not having any knowledge about the working of a cooperative bank. I was to head a 12 member director board, elected for the management of the Bank for period of five years.
I had one Secretary who was experienced in the cooperative set up. Hence with Secretary' s help I went ahead.
I first thought of starting new branch to the Bank in a place where no other banks were functioning. There were some objections from another co-op bank working some three km away. With legal support we went ahead and started the Branch. My next move was to start a Medical Laboratory where most of the tests can be done in reduced rates. Getting an appropriate location was the difficult part of it. After a long search we could get a good building .The area was a residential one. The lab was started there in a rented building after making necessary modifications. Now after the same started working patients are regularly coming there since we are oferring about 40 to 60 percentage less charge, without compromising the quality of tests.
During the first year itself I started fitting A/C within bank head office, which helped improving the efficiency of the office staff. Slowly the Branches also were made air conditioned. Next was another step to improve the assets of the Bank. This Board could add A little more than 30 cents of landed area with one five bed room house and other facilities, worth crores of rupees.
Our deposit amount rose from Rs.70 crore to Rs. 174 crore during the five years. There was a great jump in the loan amount also. Many other services are extended to the common man through this bank. A cooperative store providing all provisions and a Medical store, both serving goods in reduced rates. Loan is given up to Rs. 25 lakh conditionally.
Now after completing the term of five years my team is leaving with satisfaction.