Karimnagar DCCB centenary celebrations on Dec 28

K M Dayashankar


KARIMNAGAR: The Karimnagar District Cooperative Central Bank (DCCB) established in the year 1921 and one of the oldest banks in the integrated Karimnagar district will be celebrating its centenary celebrations on a grand scale on December 28 at Padmanayaka kalyana mandam in Karimnagar town.

Konduru Ravinder Rao, chairman of NAFSCOB, TSCAB and Karimnagar DCCB, said a galaxy of personalities including the Ministers and eminent co-operators would attend the celebrations.  Minister for Agriculture and Cooperation S Niranjan Reddy, Minister for IT and Municipal Administration K Taraka Rama Rao, Minister for Social Welfare Koppula Eshwar and Minister for Civil Supplies and BC Welfare Gangula Kamalakar would grace the function.

KRIBCHO chairman and International Cooperative Alliance-Asia Pacific president Dr Chandra Pal Singh Yadav, IFFCO Dileep Sanghani, NABARD Chairman GR Chinthala, NAFED chairman Dr Bijender Singh and its vice chairman Dr Sunil Kumar Singh, NCARDB chairman Sivadasan Nair, all State cooperative banks chairpersons, all districts DCCB chairpersons and CEOs, all the legislators, ZP chairpersons, Collectors, PACS chairpersons and governing body members and its CEOs of the integrated Karimnagar district would attend.

On the occasion, a pylon to mark the centenary celebrations would be unveiled on the bank premises in Karimnagar town. For the first time, the NAFSCOB board of directors meeting would be held at Karimnagar DCCB on December 28 evening.

DCCB at a glance

The Karimnagar DCCB established in 1921 was having a share capital of Rs 9 lakhs in the year 1959 and it increased to Rs 117.73 crore during this year. The deposits had increased from Rs 7 lakhs in 1959 to Rs 2,000 crore this year. The loaning of the bank increased from Rs 50 lakhs to Rs 2,000 crore. The bank staff number increased from 40 personnel in 1959 to 484 currently. The bank branch business was increased from Rs 11 lakhs in 1959 to Rs 59 crore per bank now.

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