MAPUSA
In an attempt to spread its wings and reach out to customers in Bardez, the Sattari Urban Co-operative Credit Society has decided to open its 12th branch in Mapusa.
The society with a deposit base of Rs 106 crore claims to have 0 percent net NPA and below 1 percent gross NPA.
"We are coming from a rural area to the city with a lot of experience and enthusiasm and are ready to serve the clients in Mapusa," said Yeshwant Gauns, Chairman of the credit society.
The chairman was addressing a news conference in a city hotel in Mapusa on Friday evening.
Gauns further said Sattari Urban Co-op Credit Society was one of the best managed credit society in the State having "A" class audit certificate. The society also bagged State Award in 2014-15, he added.
With the first branch in Valpoi established in 1995, the credit society has opened branches in five talukas - Sattari (4), Bicholim (2), Ponda (2), Dharbandora (2) and Bardez (1).
"Although in the last four years the economy was sluggish, we opened seven branches in those four years," Gauns said.
He said the credit society, which had started with just 800 members
and Rs 3 lakh working capital, now has over 20,000 members and Rs 106 crore deposit base.
Fifty staff has been gainfully employed in the society with equal number of pigmy agents working with it.
The society made a profit of Rs 1.54 crore in March 31, 2017, the chairman said.
The society has the facility of core banking as all the 11 branches are networked and a customer can access his account or carry out basic transaction from any of the member branches.
