K M Dayashankar
RAJANNA-SIRCILLA: In order to cater to the needs of all sections of society in general and the youth in particular, the Karimnagar district cooperative central bank (DCCB) has decided to launch the Mobile banking app to provide digital banking services to its customers as part of its centenary celebrations very soon, announced Konduru Ravinder Rao, chairman NAFSCOB, TSCAB and Karimnagar DCCB.
He was participating in the week-long All-India cooperative week celebrations (November 14-20) at the DCCB Sircilla main branch on Tuesday. The theme of third day celebrations was “Ease of doing business for cooperatives”. Speaking on the occasion, Mr Ravinder Rao said that they had developed the mobile banking app of their bank and would be launched very soon during the centenary celebrations of the DCCB which would be held tentatively in the month of December this year.
Stating that the Primary agricultural cooperative societies (PACS) of the bank in the district have won accolades throughout the country for the use of technology and computerisation of all PACS in Karimnagar district, he said that the KDCCB was using the technology effectively to provide better services to its customers on par with any commercial bank. He also said that the Karimnagar PACS were the first to take up paddy procurement in the integrated Andhra Pradesh which was later adopted in the Andhra Pradesh state and in other parts of the country.
With the state government planning to make the paddy procurement payments in the bank accounts of the farmers where they had credited Rythu bandhu scheme, the DCCB chairman informed the PACS to ensure that the farmers were bought back to the DCCB fold in the integrated Karimnagar district. He also stressed on the need for ensuring that youth also open accounts in the DCCB branches for facilities available on par with any national bank.
District Cooperative Officer Buddha Naidu educated the PACS chairmen and CEOs about the importance of cooperative movement in the country and the practice of seven cooperative principles. He said that the cooperative movement had removed the middlemen and benefited the farmers. “Cooperative is a way of life”, he pointed out.
DCCB CEO N Satyanarayana Rao, bank directors J Kishan Rao, V Kamalakar, B Surender, General manager B Sridhar, AGM L Rajashekhar, various branches managers Srinivas reddy, Praveen Rao, Damodar, Pavan, Assistant Managers L Mounika, M Ajanta, Anusha, S Lavanya, N Abilash and others were also present.