TELANGANA STATE COOPERATIVE APEX BANK LIMITED has been bestowed with Best State Cooperative Bank award in the country by NABARD, Mumbai on the occasion of their 40th Foundation Day. The selection process involves collection of exhaustive information, verification and scrutiny of the same by NABARD submitted in prescribed format by all the 33 State Cooperative Banks. The award is reintroduced by NABARD after a gap of about 20 long years.
At the same time, Karimnagar District Cooperative Central Bank has also achieved the “Best DCCB in South Zone” award by their splendid performance surpassing 353 DCCBs in India.
Winning 2 prestigious awards for Cooperative Credit System is a pride movement for Telangana State
Our Honorary Chairman Sri Konduru Ravinder Rao was Congratulated by Sri KT Rama Rao, Minister of Municipal Administration & Urban Development, Industries & Commerce, and Information Technology of Telangana and Sri Gangula Kamalakar, Minister for BC Welfare, Food & Civil Supplies & Consumer Affairs, on being awarded by NABARD as the best performing State Cooperative Bank of India
Our Honorary Chairman Sri Konduru Ravinder Rao was Congratulated by Sri Pothuganti Ramulu, Member of the Parliament and Sri Singireddy Niranjanreddy, Minister for Agriculture, Co-operation and Marketing on being awarded by NABARD as the best performing State Cooperative Bank of India
The Apex Bank Staff Quarters has been inaugurated by Shri Singireddy Niranjan Reddy Garu, Hon’ble Minister for Agriculture, Co-operative and Marketing of Telangana State in the presence of Shri Konduru Ravinder Rao, President TSCAB, Dr. Nethi Muralidhar, Managing Director and Board of Directors on 29th June 2021. The Residential Flats have also been allotted to the employees working in the bank.
After successful testing of the Hitachi-make Cash Recycler Machine, the machine was deployed for public usage in the Head Office premises of our Bank on 17th March, 2021.
The CRM’s operations were inaugurated by the Hon’ble President of the Bank in the presence of all the higher officials of the Management.
When one withdraws the cash, the total cash in the machine gets lesser, while the other deposits the cash, the total cash gets replenished. So the way, the cash gets drawn and replenished
is perceived as Recycling. Hence, the name – “Cash Recycling Machine”. CRM facilitates both the functionalities of deposit and withdrawal of cash. Along with all the regular services provided by an ATM, the
CRM provides for depositing the cash in the accounts of the customers. Presently, the cash deposit is allowed for only TSCAB’s account holders and at a later stage, the facility shall be extended to deposit in
the accounts of all the other Banks.
Sri Chintala Govinda Rajulu, who was appointed as the Chairman of NABARD recently has visited Telangana State for the first time on 27-08 2020 after assuming charge. As part of his visit, he participated in an event organized at the Telangana State Cooperative Apex Bank along with Sri Singireddy Niranjan Reddy, Hon’ble Minister for Agriculture, Co-operation and Marketing on 28-08-2020. He has detailed discussions on performance of Co-operative Credit System in the state and the progress on computerization of PACS. He had detailed discussions with Board of Directors on the steps to be taken to strengthen the co-operative credit system in the state. Sri Chintala Govinda Rajulu, Chairman, NABARD, has appreciated the Bank President and Managing Director for their work and on the Bank’s performance and other aspects. He has advised to increase business further and offered suggestions for the same.
Sri Singireddy Niranjan Reddy, Hon’ble Minister for Agriculture, Co-operation & Marketing inaugurating the book “Accounting Manual” on 22.06.2020. This Accounting Manual aims at explaining the basic accounting concepts, principles, accounting standards and various technologies used in accountancy, with particular reference to Apex Bank.
Sri Singireddy Niranjan Reddy, Hon’ble Minister for Agriculture, Co-operation & Marketing visited Apex Bank on 22.06.2020 to review the status of completion of PACS computerisation project and expressed his satisfaction. He has remarked that, Telangana is the First State in the country to take up and complete PACS Computerization Progress and has led an example to the entire country. He has advised that, he day-to-day transaction and Day end Process has to be mandatorily done through computer. The responsibility to supervise the same was bestowed upon Chief Executive Officers of DCCBs & DCOs. It was also advised that, the activities shall be reviewed every week at the DCCB level and every month at the state level.
The elections to the post of President and Vice-President of the Bank was held on 05-03-2020. Sri K. Ravinder Rao, President, Karimnagar DCCB and G. Mahendar Reddy, President, Nalgonda DCCB were elected President and Vice-President respectively. Hon’ble Minister of Agriculture, Marketing and Co-operation Sri Singireddy Niranjan Reddy garu has handed over certificates on 05.03.2020 in an event held at TSCAB, Head Office.
The Banking Frontier Magazine is presenting awards to the best performing Banks at national level in various categories every year. For the financial year 2018-19, Dr. Nethi Muralidhar has bagged Best Managing Director award in State Co-operative Banks category. Further, Apex Bank has also bagged awards in Best HR Innovation and Technology excellence categories. Bagging three awards out of 300+ nominations is first of its kind. The awards were presented by Sri Govind Goude, Hon’ble Minister of Co-operation, State of Goa, in an event held on 19-09-2019 at Goa.
Sri G. Ramachandran, Retd. Senior Class I Gazetted Officer (Central Govt. Services) is a customer of Vidyanagar Branch. He has written a letter to Joint Secretary, Banking and Operations, Dept. of Financial Services recommending the Vidyanagar Branch to be published as role model in Official Magazine. He has also mentioned that, there are very few organizations which show integrity and national devotion in serving the common people and Vidyanagar Branch is one of them.
The NABARD has also acknowledged the services of Vidyanagar Branch and has sent an appreciation letter.