District central co operative Bank regarding interview ( video 26)

DISTRICT CENTRAL COOP BANKS.
1.There are 23 DCC BANKS in 38 Districts of tamil nadu.
ThANJAVUR dist has two DCCBks@kumbakonam& thanjavur.
Thiruchi DCCBank has four dists as area of operation viz Trichi,Perambalur,Ariyalur,andkarur. Some DCCBks like Madurai(Theni) ,Tirunelveli(Tenkasi), has two dists.as area of operation.
2. The first DCCBANK in Tamilnadu is Madurai.(MADURAI- RAMNAD DIST. COOP. SOCIETY). It was started on 9.7 1912. Rav bagadur.G.Srinivasa Rav was the first chairman.
3.The main object of DCCBks are to provide short term agricultural loan to primary agri. Coop.credit society with an ultimate aim of food production.
4.Share capital, deposit, borrowings from TN STATE COOP.BANK and NABARD are the main source of funds.
5.Apart from Primary agri coops ,the DCCBks provide financial assistance to employees coop,societies,urban banks,coop.stores,marketing societies,weavers socity milk
supply society etc
6.Only societies are admitted as members.Individuals are admitted as associate members for getting secured loans such as jewel loan, non farm sector loans, house mortgage loan etc
7.Subject to the overall guidelines of the Registrar and RBI the board fixes the rate of interest on deposit and lending.
The board consists of 21 elected members and two nominated experts.
8.The Managing Director in the cadre of Additional Registrar/Joint Registrar is the chief executive of the bank.
The General Manager is in charge of administration.Five asst. general managers are entrusted with the five wings of administration. Viz establishment , development,agri, non-agri , and banking.
Each branch is under the control of a manager with a cashier and asst. The field managers and supervisors are responsible for processing loan applications and recovery of agri. Loans.
9.The banking Regulations act was applicable to coop from 1966.secion 22 issue of license; sec:23 opening of branch.sec.18:CRR.sec:24 SLR.THE 2020 AMENDMENT OF BR ACT1949 TAKES EFFECT from 1.4 2021.DCCBK and TNSCBK come under the supervision and control of RBI.
CRAR: capital to risk weighted asset ratio.ACL:annual credit limit. TECH COMMITTEE; fix cropwise loan eligibility i.e.scale of finance.KCC:kisan credit card.SHG:self help group.NPA: non performing assets.
10.IFSC; INDIAN FINANCIAL SYSTEM CODE. 11 DIGIT .
NEFT;NATIONAL ELECTRONIC FUNDS TRANSFER.
RTGS;REAL TIME GROSS SETTLEMENT(minimum 2 lakhs)
.