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Visakhapatnam Cooperative Bank Limited Recruitment 2020

Visakhapatnam Cooperative Bank Limited Recruitment

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Assistant Managers VCBL Recruitment 2020

Andhra Pardesh India

Graduation Full-time INR Official Link Visakhapatnam Cooperative Bank Limited 10/11/2020 30/11/2020

Official Website of Visakhapatnam Cooperative Bank Limited

This is Visakhapatnam Cooperative Bank Limited official website for new jobs and related news updates.

https://www.vcbl.in/


About Visakhapatnam Cooperative Bank Limited

The Patriots Sri Sripathi Bhadrayya Pantulu, Sri Balijepalli Ramakrishnan Sastry, Sri Bhamidipati Thammayya Sastry, Sri Pandrangi Narasingarao Pantulu, Sri Vepa Kamesam Pantulu, Sri Vepa Vijaya Ramamurthy, Sri Puligedda Satyanarayana, Sri Akella Suryanarayana, Sri Maddi Pattabhi Reddy, Sri Mandiri Subba Rao, Sri Tenneti Viswanadham had successfully lead the Co-operative Institution and movement in the pre-independence era. Sri Poolla Rama Rao was one among them and led the bank for 40 years till Sri Manam Anjaneyulu voted to Chairmanship in 1983 and lead for 30 years as chairman

The vision and dynamism of Sri Manam Anjaneyulu being Emeritus Chairman and hardworking and voice full leader Sri. Chalasani Raghavendra Rao as chairman, other committed Directors, yields fruits with ever-increasing of business every passing year with the support of its band of disciplined employees. The Bank is making profits and an uninterrupted handful of dividends is paid. The Board believes that whatever the profit is earned it should be allocated to Statutory Reserves, Share holder’s stake, and benefit to employees. Member’s welfare scheme in operation is Mediclaim to an extent of Rs. 30,000/- per annum through the insurance company, Accident cover, interest incentive to the borrowers who pay their installments regularly as per schedule, cash awards to the meritorious children of members in SSC & Intermediate. The Bank has never lagged behind in playing its social commitment to community development and every year contributing its might to voluntary public institutions such as Visakhapatnam Public Library and also donating to Chief Minister’s

 

relief fund when natural calamities attacked Andhra Pradesh The Bank offers a higher rate of interest on deposits than Public and Private Sector Banks and special interest to Senior Citizens. The Bank offers a competitive rate of interest on lending mainly targeted to the middle class and lower-middle-class people and unprivileged Sections of the society, and to small traders for various purposes / domestic needs with least processing charges. No appraising fee is being collected on gold loans.

 

The Bank is levying the lowest Service Charges on various transactions viz., Cheque Book facility, Minimum Balance, Cheque bouncing, Duplicate Pass Books, etc. and issuing Pay Orders/Cheques to all over the Country. Safe Deposit Vaults in different sizes for hire with minimum Locker Rents available at all Branches. All branches are located at established places, in ambiance and the pleasant air-conditioned environment with modern facilities.

 

The Share Capital of the Bank is about Rs. 215.56 Crores as of 31-03-2019, the highest amount among all the Urban Banks in the State of Andhra Pradesh and also in the Southern States. The number of shareholders as of 31 March 2019 is 82229. The bank has excelled Rs.3110.13 crores mark in Deposits and Rs.2139.39 crores in Loans & Advances accumulating to Rs.5249.52 crores of total business as on 31 March 2019. The Bank earned a profit of Rs.37.23 crores and it's Capital Reserve Adequacy Ratio (CRAR) stood at 17.50%, Gross NPAs at 3.52%, and net NPAs at 1.93%as at the end of the last financial year 2018-19 and also the Profit per employee is 8.46 Lakhs and the productivity per an employee is over 1193.07 lakhs probably higher in A.P.

In persuasion of its accepted principles and cooperative spirit with an utmost aim to protect the interest of members & Depositors and bail out sick Urban Banks, brought The Bobbili Co-operative Urban Bank with four branches in 2007 and another 3 single units Banks, such as The Ramachandrapuram Co-operative Bank in 2009, The Ongole Co-operative Urban Bank and The Balaji Urban Co-operative Bank in the year 2011 taken into its fold. With these amalgamations, the network of the Bank rose to thirty-five. As per Bank's expansion plan, Bank is aiming to open further branches in all District centers of Andhra Pradesh

The Bank Registered under the provisions of the A.P. Co-operative Societies Act, 1964, and obtained a banking license from the Reserve Bank of India on 15 January 1981. It is also the first Bank that converted into The Andhra Pradesh Mutually Aided Co-op. societies Act,1995 for better management and under this era it grown into leaves and branches The Bank was a Unit Bank till 1984 and from then onwards branch expansions commenced initially in Visakhapatnam City, Visakhapatnam District and then to neighboring Districts with its operation extended to the state of united Andhra Pradesh. After the reorganization of the state of Andhra Pradesh, it is now doing business in the neighboring state of Telangana also and became a Multi-State Co-operative urban Bank from 2-06-2014 and now functioning under the Multi-State Co-operative societies Act of, 2002