NStCB acquires knowledge from Tripura State Cooperative Bank Ltd

NStCB team with TStCB Ltd during study exposure to Agartala held from January 27 to 31.

Kohima, February 9 (MExN): The Board of Directors of Nagaland State Cooperative Bank Ltd (NStCB), with support from NABARD, Nagaland RO under Cooperative Development Fund, undertook a study exposure to Tripura State Cooperative Bank Ltd (TStCB), Agartala from January 27 to 31 last.

The team comprising of seven BODs led by Kekhwengulo Lea, Vice Chairman and accompanied by three bank officials was headed by Abhijit Kumar Deb, General Manager.

The TStCB, operating with 66 branches in the state, is the first amongst seven State Cooperative Banks in North East India to get Second Schedule status under Reserve Bank of India Act, 1934.

“The study focused on diversification of activities both credit and non-credit business, banking counter and digitization of business operations undertaken by PACS and LAMPS in the state of Tripura and the team acquainted themselves with the functioning and the best practices adopted by cooperative societies at grass root level to their members,” stated a press release. 

The team visited TStCB Belonia branch, whose major operation is Tripura Government’s e-stamping services to rural customers, three Primary Agriculture Credit Societies (PACS) and two Large Area Multipurpose Societies (LAMPS) operating in autonomous district councils of the state, as well.

A joint meeting was held with BODs and HO officials of the TStCB where the Chairman and the Managing Director of the bank apprised the team members about their management system, deposit products, diversified credit profile, NPA management through strategic recovery planning, CBS technology adopted by the bank and thumb rule for its inclusion to Second Schedule of RBI.