Collecting banker, Capacity of collecting Banker, conditions under section 13...
Bank
1. SHIKSHAK SAHAKARI BANK LTD.
E-mail: ssbho_ngp@sanchamet.in
Contact no. 0712-2774866
Fax – 2766876
North, Gandhi Sagar Rd, Ganjipeth,
Gandhibagh, Nagpur, Maharashtra
440018
Created by
Pragati Agrawal
2. Introduction
• Shikshak Sahakari Bank Ltd. established in the year
1979.
• Aim: to help teachers to meet their financial needs.
• Share capital: started with Rs. 3.50 lacs only.
• Founders: teachers by profession.
• It can be said that Shikshak Bank is a bank founded by
teachers for teachers.
• Later on opened its membership to all.
• Branches: 19 in Nagpur and Chandrapur district
3. 1996-1997,
The Bank achieved the deposit target of Rs. 100.00 crores.
May 22, 1999
Awarded the Scheduled Status.
Shikshak Bank is the first bank to get this status within twenty years of its inception.
1999-2000,
the Bank secured 20th rank amongst other banks with regard to deposits and was placed first in
Vidarbha.
2000-2001,
it rose to the 19th position amongst the banks with regard to deposits while maintaining its top
position among the banks of Vidarbha.
Awards and Achievements
5. Commitment
The Bank has advanced loans extensively to various industries at MIDC,
Hingna, Nagpur, Butibori, Kalmeshwar, Chandrapur, etc. and also for
commercial purposes. Besides, it has also given advances to traders,
transporters, etc. 70 % of the Bank’s advances have been made for
business and industrial purposes. The Bank has also made 60 % of its
advances in the priority sector.
The Bank has always been contributing for various social causes
including relief for victims of natural calamities. Apart from this, the Bank
regularly makes donations from its Member Welfare Fund for the benefit
of its members.
6. The Growth
• Launched new loan schemes like Sobati, SSB Suvidha,
SSB Aadhaar, SSB Sathi, SSB Sarthi, SSB Sahyog, etc.,
to boost credit portfolio.
• Scheme named ‘SSB-Sahabhaag’, depositors can keep
their deposits with the Bank for a period of minimum
5 years to maximum 10 years and earn an interest @ 11
% on them. The scheme has been made open to public
on 13th February 2009.
7. News Headline
• Manohar Narhar alias Annaji Mendjoge,
Founding President of Shikshak Sahakari Bank
(SSB), breathed his last on Friday Date :16-
Mar-2019. He was 88.
14. Strength
• There is a good network of UCB"s organized at
grassroots levels.
• Employees are from local areas, well versed with
their clientele, their needs and psychology.
• The deposits are protected by the Deposit
Insurance and Credit Guarantee Corporation of
India.
• They have been filling the credit gap in the urban,
sub urban and semiurban areas.
15. Threat
• Acute competition in the market.
• Higher cost of management especially for
interest on deposits and establishment
cost.
Weakness
• Absence of job rotation and transfer of
employees from one branch to another.
• Borrowers obtaining second and
subsequent loans may have to take up
additional shares only marginally.
16. Oppurtunity
• There Collective efforts enhances the chances of
success and also increases the economy of scale by
reducing the per capita cost of operation
and increase productivity.
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