CHAPTER-III

PROFILE OF THE BANKS

3.1 INTRODUCTION:

The co-operative movement in has been a growth of a little over half a century and is largely dependent for this origin. Even before 1904, the Government was not unaware of the difficulties which the farmers were facing in borrowings funds and was anxious to ease the situation.

Co-operative banks in India are registered under the co-operative societies act. The co-operative bank is also regulated by the RBI. They are governed by the Banking Regulation Act 1949 and Banking Laws Act. 1965. Co-operative banks have been playing a critical role in spreading financial services to Indian remote areas where commercial banks not have reach. They have however being business due to increasing competition from commercial banks with a view to giving more importance to the co-operative banking sector. NABARD is currently implementing core banking solution (CBS) at these banks which will help their customers transact business at any of their branches so far 140 banks have joined NABARDS CBS platform.

Co-operative organizations are playing a major role in economic progress of weather sections of the society now a day’s co-operation has been applied in a wide range of activities such as production, distribution, supply, marketing, housing, banking, and insurance etc.

There are two different urban co-operative banks which are included in samples in the present study which are Palus Sahakari Bank Ltd. Palus and Shri. Satyavijay Sahakari Bank Ltd. Kundal. Here after refer to PSB Ltd. and SSB Ltd. respectively. Both the banks belong to same category of urban co­ operative banking.

These banks however are different as to their age and size of the banks. The selected two banks are from Palus Taluka but operational areas of these two banks are different.

39 3.2 PALUS SAHAJKARI BANK LTD. PALUS: Palus is a main for the Palus Taluka and also Taluka head. Palus is 29.2 k.m. distance from its district main city . Palus Taluka is situated in North- West part of . Palus Taluka is industrially developed. In this Taluka main occupation of the people is agriculture as well as other trading activities. In India first co-operative act was passed in 1904. Then changes were made in co-operative act in the year 1912, 1919 and 1925. In 1960 Co­ operative Society Act was passed. In 1966 the prominent social workers decided to establish a co-operative bank. The social workers such as Shri. Dnyandev Vithoba Patil, Shri. Rajaram Patil, Shri. Govind Mali, Shri. Arun Jadhav, Shri. Shivaji Jadhav and other made up their minds to set co-operative bank. All leaders take hands efforts to get permission. Finally, it was sanctioned with the help of Dr. Patangrao Kadam, Shri. Prakash Bapu Patil, Shri. Dinkar Aaba Patil and Shri. R. R. Patil.

3.2.1 Registration and Establishment of PSB Ltd.: The Palus Sahakari Bank Ltd. Palus is registered under Maharashtra Co- Operative society Act 1960. But promoter faced many problems in collecting shares, which is collected with the hard efforts of leaders. Thus a new bank in this Taluka took birth in 24th February, 1966 as Palus Sahakari Bank Ltd. Palus. This bank was registered in the year 1966 and bank licensees were given by the R. B. I. UBD/MH/733 - p/ Date 10-12-1986. The operational area of Palus Sahakari Bank in entire Maharashtra State. General Information

Name of the bank Palus Sahakari Bank Ltd. Palus 555- A, Main Road, Palus Tal- Palus, Head office Address Dist- Sangli- 416-310. Date of Registration 24-02-1966 Date of No. of R. B. I. License UBD/MH/733-P/Date-10-12-1986 Area of Operation Entire Maharashtra State Nature of Constitution Co-Operative Sector No. of Branches 15 Total Staff 139 (Sources: Annual Reports of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12)

40 3.2.2 Board of Director of PSB Ltd.: The bank has in first Administrative Board of Director headed by Shri. D. V. Patii during the period of 1966 - 1970 years. Present Chairman of this bank is Shri. Vaibhavrao Vasantrao Pudale. In Board of Directors of Palus Sahakari Bank there are 21 members front different status. In year 2011-12 the members of Board of Directors are as follows: Sr. No Name Designation 1 Shri. Vaibhavrao Vasantrao Pudale Chairman 2 Shri. Shamarao Atamaram Dake Vice- Chairman 3 Shri. Vishnu Bapurao Pesal Director 4 Shri. Yashwantrao Pandurang Pudale Director 5 Shri. Vishwas Aanandrao Shinde Director 6 Shri. Subarao Ramchandra Patii Director 7 Shri. Dilip Sadashiv Sathe Director 8 Shri. Prakash Sadashiv Sathe Director 9 Shri. Prakash Namdev Patii Director 10 Shri. Ashok Eknath Sawant Director 11 Shri. Vasantrao Aanandrao Mane Director 12 Shri. Sambaji Babu Mali Director 13 Shri. Martand Sadashiv Sadamate Director 14 Shri. Kumar Tukaram Gaykwad Director 15 Smt. Shantabai Adhikarao Gondii Director 16 Sint. Manisha Adhikaroo Gondii Director 17 Shri. Jaysingh Sitaram Patii Director 18 Shri. Ramesh Narayan Rajmane Director 19 Shri. Shivaji Bhimrao Jadhav Director 20 Shri. Arun Pandurang Chavan Director 21 Shri. Chandrakant Anna Gondii Director 22 Shri. Jayantilal Shantilal Shaha Manager (Sources: Annual Reports of Palus Sahakari Bank Lid. Palus from year 2005-06 to 2011-12)

3.2.3 Objectives of the Bank: 1) The encourage thrift, self help and co-operation among the members.

41 16841 2) To accepts various types of deposits from the members as well as from non members. 3) To given a loan and advance a money with or without security to the members and others. 4) To arrange for the safe custody of valuables and documents of members and constitutes. 5) To provide finance to agriculture and small scale industries. 6) To draw make accept discount, buy sell, collect and deal in Bill of Exchange, Hundies, Promissory Notes, Drafts, Railway Receipts, Scrip and other security weather transferable or not. 7) To open branches with the permission of registering authority and the Reserve Bank of India within the operation of the bank. So as to provide banking services to the public. 8) To act as a agent for the joint purchase of domestic and other requirements of members. 3.2.4 Location of the Bank: The main think of this bank is has been registered in urban-semi urban as well as developed city like Sangli, Kolhapur etc. The head office of the bank is located in Palus town and it has opened its branches at the following places: Sr. No Branch Name Taluka District 1 Head Office Palus Palus Sangli 2 Bambawade Palus Sangli 3 Palus Sangli 4 Tasgaon Sangli 5 Bilavadi Tasgaon Sangli 6 Islampur Walwa Sangli 7 Mahavirnagar Sangli Miraj Sangli 8 Yelawi Tasgaon Sangli 9 Kundal Palus Sangli 10 Vishrambag Sangli Miraj Sangli 11 Laximipuri Kolhapur Karvir Kolhapur 12 Kokrud Shirala Sangli 13 Malkapur Shahuwadi Kolhapur 14 Aarag Tasgoan Sangli (Sources: Annual Reports of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12)

42 43 3.2.5 Organization Structure of the Bank: The Palus Sahakari Bank Ltd. has well organization structure. The shareholders are the owner of the bank but total operational authority is to the Board of Directors. In Board of Directors Committee Chairman is the main person, who handles the whole Board of Directors. There is one General Manager in the bank under him two Assistant General Manager who handles loan and advances and sales and agriculture department. Another Assistant General Manager handle Account, Staff and Inspection Security Department in organizational chart lastly there is checker, cashier and clerk. The organization chart of Palus Sahakari Bank is as follows: Shareholders i Board of Directors

Chairman1 i General Manager I 1 Assistant General Manager Assistant General Manager 1 Loans and Advance Manager Account Manager I i Recovery Sales and Agriculture Manager Inspection Security Manager I Staff Manager i Checker (Passing Officer) 1 Cashier 1 Clerk

44 3.2.6 Performance of the Bank: 3.2.6.1 Members of the Bank: The Shareholders of the bank are the owners of the bank. The shareholders of the bank are divided in two types i.e. Regular and Nominal Members. The total shareholders of Palus Sahakari Bank for last 7 years are as follows: Table No. 3.1 Members of the Bank for PSB Ltd. Year Regular Member Nominal Member Total Member 2005-06 10,415 4,465 14,880 2006-07 10,528 4,370 14,898 2007-08 13,.091 2,610 15,701 2008-09 13,845 2,705 16,550 2009-10 14,038 2,680 16,718 2010-11 14,412 2,710 17,122 2011-12 14,893 2,817 17,710 (Source - Annual report of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12]

3.2.6.2 Share Capital of the Bank: The Authorized Share Capital of Palus Sahakari Bank is Rs. 10 Cr. in 2011- 12. This is divided in 40 lakh Equity Share of Rs. 25 each. Share capital is the own capital of the bank and it is helped in the lifetime of the bank. The trend of share capital in the bank is as follows: Table No. 3.2 Share Capital of Bank for PSB Ltd. for PSB Ltd.

Year Authorized Capital Paid Up Capital 2005-06 5,00,00,000 3,25,04,675 2006-07 5,00,00,000 3,42,89,550 2007-08 5,00,00,000 2,11,11,075 2008-09 5,00,00,000 4,25,04,250 2009-10 7,00,00,000 4,66,29,550 2010-11 7,00,00,000 5,50,48,800 2011-12 10,00,00,000 6,06,26,850 (Source - Annual report of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12)

45 3.2.6.3 Reserve and Surplus of Bank; Reserve Bank of India has make compulsion to all banks to make a statutory reserve 20% of the profit. The bank has also make other reserve like building fund, charity fund, Dividend Equalization Fund and Bad and Doubtful Debt Reserve Fund etc. These funds are useful to the bank according to the purpose. The trend of reserve in the bank is as follows: Table No. 3.3 Reserve and Surplus of the Bank for PSB Ltd.

Year Reserve and Surplus Increase/ Decrease 2005-06 9,11,65,141 54,48,581 2006-07 10,36,12,772 1,24,47,631 2007-08 10,92,85,608 56,72,836 2008-09 11,76,83,554 83,97,946 2009-10 12,28,28,325 51,44,771 2010-11 13,56,51,643 1,28,23,318 2011-12 15,49,31,425 1,92,79,782 (Source - Annual report of Palus Sahakari Bank Ltd, Palus from year 2005-06 to 2011-12)

3.2.6.4 Deposits of the Bank: Bank Deposits are 3 types i.e. Current Deposits, Saving Deposits and Time Deposits. The main function of bank is to accept deposits from the people in the society from these deposits bank give loan to the needy people. The banking business largely depends on availability of deposits. The deposits of this bank for last 7 years are as follows: Table No. 3.4 Deposits of the Bank for PSB Ltd. Year Deposits Increase/Decrease 2005-06 1,03,35,63,237 -31,33,334 2006-07 1,00,41,78,439 -2,93,84,798 2007-08 1,11,02,99,746 10,61,21,307 2008-09 1,17,19,91,215 6,16,91,469 2009-10 1,40,51,84,596 23,31,93,381 2010-11 1,53,74,93,565 13,23,08,969 2011-12 1,77,13,46,558 23,38,52,993 (Source - Annual report of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12)

46 3.2.6.5 Loans and Advance of the Bank: The bank productivity mainly depends on the loans and advance of the bank. Bank gives secured and unsecured loan also loans given to the priority sector as well as weaker section. By giving loan bank can earned interest it is a main income source of the bank. Table No. 3.5 Loans and Advance of the Bank for PSB Ltd.

Year Loans and Advance Increase/ Decrease 2005-06 72,66,69,366 2,76,06,665 2006-07 72,48,34,970 -18,34,396 2007-08 75,69,44,293 3,21,09,323 2008-09 80,88,55,869 5,19,11,576 2009-10 87,65,49,030 6,76,93,161 2010-11 1,13,23,13,126 25,57,64,096 2011-12 1,30,31,27,717 17,08,15,591 (Source - Annual report of Palus Sahakari Bank Lid. Palus from year 2005-06 to 2011-12) 3.2.6,6 Net Profit of the Bank: Every business is run for the earning profit. Bank are established for earning profit by providing the financing service to the customer profit is the main indicator of the performance of the bank from the profit given dividend to the shareholder, for that purpose bank make efforts to increase the profits. The Net Profit of this bank for last 7 years are as follows: Table No. 3.6 Net Profit of the Bank for PSB Ltd.

Year Net Profit Increase/ Decrease 2005-06 50,80,905 22,84,380 2006-07 44,59,300 -6,21,605 2007-08 51,03,264 6,43,964 2008-09 62,25,224 11,21,960 2009-10 1,00,60,772 38,35,548 2010-11 90,65,535 -9,95,237 2011-12 1,24,70,277 34,04,742 (Source - Annual report of Palus Sahakari Bank Ltd. Palus from year 2005-06 to 2011-12)

47 BAER- BAtASAHtQ lUBfOtsWU SH1VA41 UNiVEHSUY. KCtHA 3.2.7 Service to Customers: The bank is providing following services facilities to its customers: 1) Accepting of the deposits in various schemes in various maturities as decided by the bank from time to time and according to guidelines issued by the RBI. 2) Giving loans and advance to the needy persons according to their payment capacity and requirement as per various bank schemes. 3) Providing lockers facility to its customers. 4) Issuing of draft at various centers in India. 5) The bank has provided Core Banking System (CBS) to their customer from

2011-12. 6) The bank introduced Real Time Gross Settlement (RTGS) and NEFT System for given benefits to the customers. 7) Bank is working Right hours a day from morning 10 a.m. to 3 p.m. and 3.30 p.m. to 5 p.m. 8) Insurance given deposits up to Rs. 1, 00,000/-. 9) A audit classification since the establishment of the bank. 10) Trading services to the members and customers with fully computerized banking system.

3.2.8 Other Activities: 1) Medical Facility: The bank provides money for medical treatment for poor needy people and especially for shareholders and their relatives through “member welfare fund”. 2) Educational Facility: The bank provides financial help for poor and needy student for purchasing useful books and other educational things through “Student welfare funds”. 3) Sport Facility: The bank knows the importance of fitness in the life for this purpose the sponsor cricket, wrestling, Matches etc. for fitness of a young generation and also encourages them to arrange these types of matches.

48 4) Social Liabilities: The bank knows the social liabilities very well so that in recently the food affected area. The bank provides food water and grass animals in Andhli, Tasgoan, Aarag, Yelavi. Bank has provided “Janta Accident Insurance Policy” to the customers of the bank for the help of their future problems.

3.2.9 Award Achieved: The Palus Sahakari Bank Ltd. Palus achieved award for its recommendable contribution in co-operative Banking in Maharashtra. In the year 2007-08 Palus Sahakari Bank has achieved award from “Maharashtra State co-operative Bank Association” for best urban co­ operative bank.

3.3 SHRI. SATYAVIJAY SAHAKRI BANK LTD. KUNDAL Shri. Satyaviajy Sahakari Bank Ltd. Kundal has located in central part of Kundal village. Kundal is one of the villages in Palus Taluka, Sangli district Maharashtra State. Kundal is 4.6 k.m. from its Taluka main town Palus, Kundal is located 34.1 km distance from its district main form Sangli. The Kundal village is developed area there is lot of industrial organizations as well as agriculture sector is also grow up Shri. Satyaviajy Sahakari Bank Ltd. Kundal has established in the year 1964 by the efforts of social and political persons such as Padmashri Dr. D. Y. Patil (dada), Kantrivir Rambhao Mamasaheb Pawar, Dr. Patangrao Kadam, Rajarambapu Patil, Jayantrao Patil.

Shri. Satyvijay Sahakari Bank Ltd. Kundal has taken efforts to fulfill social responsibility such as providing education loan to the students given some scholarship to the students, financial supports to the hospitals, schools etc. This bank provided loans to the formers because of that the financial development is made in the area of bank operations. The bank also provided loans to the industrial sector e.g. Palus M. I. D. C Ethanol Project (Goatkhind), Construction sectors etc. So, that the industrial sector has also growing fatly in the area of the bank.

49 3.3.1 Registration and Establishment of SSB Ltd.:

Shri. Satyaviajy Sahakari Bank Ltd. Kundal is registered under Maharashtra Co-operative Society Act, 1960. This bank is established as on 7th March, 1964 but they have got license from R. B. I. as on 16th October, 1986. The operational area of this bank is Sangli, Kolhapur, Satara, Ratanagiri and Solapur district. But, this bank jurisdiction area not whole Maharashtra. General Information Name of the bank Shri. Satyaviajy Sahakari Bank Ltd. Kundal A/P: Kundal, Tal: Palus, Dist: Sangli Head office Address Pin-416 309 Date and Registration No. SAN/BNK/104/07-03-1964 Date of No. of R. B. I. License UBD/MH 605-P/ 16-10-1986 Sangli, Kolhapur, Satara, Ratnagiri and Solapur Area of Operation/ Jurisdiction District. Nature of Constitution Co-operative Sector Total No. of Branches 11 Total Staff 92 Fax No (02346)- 271477 Email ID San satvaviaivbank(a>,sancharnet.in (Source - Annual report of Shri. Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12)

3.3.2 Board of Directors of SSB Ltd.: Krantivir Rambhao Pawar is the founder of Shri. Satyavijay Sahakari Bank Ltd. Kundal and he is also first chairman of the bank. The present chairman of this bank is Shri. Prakashrao Ramchandra Pawar. The present Board of Director of Shri. Satyviajay Sahakari Bank Ltd. Kundal having 17 members. In year 2011-12 the members of Board of Directors are as follows: Sr. No Name Designation 1 Shri. Prakashrao Ramchadra Pawar Chairman 2 Shri. Dilipraw Yashwantrao Nalavade Vice- Chairman 3 Shri. Manikrao Mohanrao Patil Director 4 Shri. Vikasrao Shankarao Lad Director 5 Shri. Ashok Shivajirao Patil Director 6 Shri. Pandurang Ramu Jadhav Director 7 Shri. Prashant Prakashrao Pawar Director 8 Shri. Shivaji Narayan Lad Director

50 9 Shri. Vasant Banudas Sawant Director 10 Shri. Pandhrinath Dagdu Edate Director 11 Shri. Chandrakant Ganpati Kadam Director 12 Smt. Sharda Tukaram Aamne Director 13 Shri. Suresh Mahadeo Kumbhoje Director 14 Shri. Vikas Bapuso Patil Director 15 Shri. Jayprakash Balkrishana Jadhav Director 16 Shri. Jaykar Mansingh Shinde Director 17 Shri. Anil Keru Lad Director (Source - Annual report of Shri. Satyavijay Sahakari Bank Ltd Kundal from year 2005-06 to 2011-12)

3.3.3 Objectives of the Bank: 1) To collect deposits from the people to utilize the amount of deposits for advancing loans and making investments of course bank agrees to refund the amount of deposits on demand or after the expiry of the term. 2) To borrow the funds for the purpose of its business as per the requirements. 3) To advance the loans to members and others both secured and unsecured within the limits prescribed by the bye- laws. 4) To issue letters of credit, traveler’s cheque, circular notes etc. 5) To accept shares, debentures bonds, promissory notes and such other documents as securities and to keep these in its own custody. 6) To open the branches by taking permission from RBI at different places. 7) To establish association, trust to supplement the interest of the members and employees of the bank. 8) To finance small scale industrial and also to provide them the required technology to provide help to self employed people to take up the project and commerce activities of such project. 9) To promote the thrift, mutual help and spirit of co-operative among the members.

3.3.4 Location of the Bank: The main focus of this bank is on Sangli Kolhapur, Satara, Ratnagir and Solapur district. The head office of the bank is located in Kundal village. The bank has 11 members at different places which are as follows:

51 Locations of SSB Ltd. Branches

Index

• Kundal Chinchani • Islampur • Mahvirnagar f Market Yard Sangli • Palus • Savalaj • Sawantpur • Takari • Tasgoan • Vasagade

52 Sr. No Branch Name Taluka District 1 Head Office Kundal Branch Palus Sangli 2 Sawantpur Vasahat Palus Sangli 3 Palus Palus Sangli 4 Takari Walwa Sangli 5 Mahvirnagar Sangli Miraj Sangli 6 Savalaj Tasgaon Sangli 7 Tasgoan Tasgaon Sangli 8 Islampur Walwa Sangli 9 Vasagade Tasgaon Sangli 10 Market Yard Sangli Miraj Sangli 11 Chinchani (Aambak) Kadegao Sangli (Source - Annual reports of Shri. Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12)

3.3.5 Organization structure of the Bank: Shri. Satyavijay Sahakari Bank Ltd. Kundal has a straight line organized structure. At the top there is Board of Directors and Chairman and middle management there is general manager and Assistant General Manager and at lower level management there is a checker, cashier and clerk. The organization structures are as follows: Shareholders 1 Board of Directors 1 Chairman 1 General Manager i Assistant General Manager l Cashier i Clerk

53 3.3.6 Performance of the Bank: 3.3.6.1 Members of the Bank: The shareholders of the bank are divided into different two categories one is regular members of the bank and another is nominal members of the bank. The trend of regular members is increasing in last 7 years. These are as follows: Table No. 3.7 Members of the Bank for SSB Ltd. Year Regular Member Nominal Member Total Member 2005-06 6,047 1,109 7,156 2006-07 7,163 1,286 8,449 2007-08 7,456 1,284 8,740 2008-09 7,821 1,365 9,186 2009-10 8,369 1,628 9,997 2010-11 8,709 705 9,414 2011-12 9,066 846 9,912 (Source - Annual report of Shri Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12) 3.3.6.2 Share Capital of the Bank: The Shri. Satyavijay Sahakari Bank Ltd. Kundal has 5 corers Authorized Share Capital out of this authorized share capital the bank management has issued capital according to their requirement. The trend of share capital of the bank for last 7 years is given as follows: Table No. 3.8 Share Capital of Bank for SSB Ltd.

Year Authorized Capital Paid Up Capital

2005-06 5,00,00,000 2,00,00,000

2006-07 5,00,00,000 2,51,34,875

2007-08 5,00,00,000 2,63,26,100

2008-09 5,00,00,000 2,81,05,700

2009-10 5,00,00,000 3,27,57,200

2010-11 5,00,00,000 3,67,65,500

2011-12 5,00,00,000 4,08,66,200 (Source - Annual report of Shri Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12)

54 3.3.6.3 Reserve and Surplus of Bank:

The bank has made various reserve and fund for their future plans and requirements. The bank has made reserve for doubtful debt fund, building fund, investment depreciation fond, social environmental fond etc. The trend of Reserve and Funds in the bank is as follows: Table No. 3.9 Reserve and Fund of the Bank for SSB Ltd. Year Reserve Funds Increase/ Decrease 2005-06 4,51,23,666 47,30,604 2006-07 4,87,96,903 36,73,237 2007-08 5,59,92,672 71,95,769 2008-09 6,12,52,407 52,59,735 2009-10 7,02,04,905 89,52,498 2010-11 7,79,55,700 77,50,795 2011-12 8,26,44,663 46,88,963

(Source - Annual report of Shri Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12) 3.3.6.4 Deposits of the Bank: Deposits are the raw material of the banking business. For increasing deposits mobilization of deposits techniques are used. Deposits are the working capital of the bank. The deposits are 3 types of bank i.e. current deposits saving deposits and time deposits. Table No. 3.10 Deposits of the Bank for SSB Ltd.

Year Reserve and Surplus Increase/ Decrease 2005-06 79,92,21,249 6,48,32,530 2006-07 66,77,46,438 -13,14,74,811 2007-08 60,03,85,727 -6,73,60,711 2008-09 65,57,41,506 5,53,55,779 2009-10 85,55,36,755 19,97,95,249 2010-11 97,54,06,322 11,98,69,567 2011-12 1,06,49,31,160 8,95,24,838 (Source - Annual report of Shri Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12)

55 3.3.6.5 Loans and Advance of the Bank: The whole banking business in mainly depend on given loan to the customers. The given loan to the farmers, industrial sectors, hospitals, construction etc. The bank has also started to some new loans schemes to invite to customers. Table No. 3.11 Loans and Advance of the Bank for SSB Ltd. Year Net Profit Increase/Decrease 2005-06 47,86,04,743 3,19,96,397 2006-07 44,66,69,384 -3,19,35,359 2007-08 37,67,14,376 -6,99,55,008 2008-09 39,84,21,104 2,17,06,728 2009-10 55,45,99,097 15,61,77,993 2010-11 65,44,40,058 9,98,40,961 2011-12 67,76,38,819 2,31,98,761

(Source - Annual report of Shri Satyavijay Sahakari Bank Ltd. Kundal from year 2005-06 to 2011-12)

3.3.6.6 Net Profit of the Bank: The Net Profit is very important for any organization for future progress. The profit of this bank showing increasing trend from 2005-06 to 2010-11, but in last year 2011-12 the profit is decreased. The trends of Net Profit of the bank are showing as follows: Table No. 3.12 Net Profit of the Bank for SSB Ltd. Year Net Profit Increase/Decrease 2005-06 9,37,240 2,53,135 2006-07 14,12,730 4,75,490 2007-08 24,80,674 10,67,944 2008-09 48,32,075 23,51,401 2009-10 52,96,489 4,64,414 2010-11 55,19,030 2,22,541 2011-12 36,53,591 -18,65,511

(Source - Annual report of Shri Satyavijay Sahakari Bank Ltd,Kundal from year 2005-06 to 2011-12)

56 3.3,7 Services to Customers:

Shri. Satyaviajy Sahakari Bank Ltd. Kundal has provided various services to the customers:

1) Insurance given up to Rs. 1, 00, 00,000/- for the deposits.

2) In this bank CBS (Core Banking System) is introduced for the customers in year 2011.

3) The has given online money transfer facility to the customers by introducing RIGS ( Real Time Gross settlement) and NEFT Scheme ( National Electronic Fund Transfer).

4) Providing loan facilities to the customers.

5) The banking cash transactions are started from 10.30 a.m. to 5 p.m. every branch,

6) Accepting of the deposits in various schemes and maturities as decided by bank from time to time and according to the guidelines issued by the RBI.

3.3,8 Other Activities:

1) Medicals Facilities;

The bank has provided finance for purchasing medical tools and instruments. The bank has also organized “Blood Donation Camp” in area of banking operations.

2) Industrial Facility:

The bank has provided finance to the industries in the M1DC of Pains. The fiance is provided for purchasing Modern Assets for industrial sector. The bank has given loan to established Ethanol Project to Gotkhindi, Tal- Walwa.

3) Agricultural Facilities:

For the agricultural development in the area of operation bank has provide finance for agriculture research institute.

BARR. BWASVS6 XttV® BUI1*1 {-■■ APUft r , I t < nv v SH1VAJI u ‘ 3.4 CONCLUSION: Shri. Satyaviajy Sahakari Bank Ltd. Kundal has established before establishment of Palus Sahakari Bank Ltd. Palus. But overall growth and performance of Palus Sahakari Bank Ltd. Palus has showing better than SSB Ltd. The Share Capital of Palus Sahakari Bank increasing year after year and its reflecting the better performance of bank day after day. But SSB Ltd. has constant Share Capital from its establishment which affected the performance. The Palus Sahakari Bank Ltd. Palus having operational area in Sangli and Kolhapur district but in last two years they have received permission from RBI to expand their branches in whole Maharashtra. Shri. Satyavijay Sahakari Bank Ltd. Kundal has having its operational area since its establishment Sangli and Kolhapur district. These two banks have mainly provided loan and advances to the agricultural sector as well as industrial sector also. These two co-operative banks have played very important role in the development of society in the area of operation.

58