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The Sambalpur District Co-operative Central Bank Ltd., Bargarh
Brief History
The Sambalpur District Cooperative Central Bank Ltd, Bargarh came in to operation after merger of Bargarh Central Cooperative Bank & Sambalpur Central Cooperative Bank from 26 th June 1956 bearing Registration No.51 / SM. The Bank Covers the entire undivided Sambalpur district in its area of operation comprising of 07 (seven) Revenue Sub-Division . The newly formed 04 (four) district namely- Sambalpur, Bargarh, Jharsuguda, Deogarh are covered under the area of operation of the Bank. No doubt undivided Sambalpur district is the rice –bowel of the state of Orissa. Being the Hirakud Command area where much more paddy crops are being produced in this bail. For which the Sambalpur District Cooperative Central Bank is treated as a leading Bank over the state of its excellent performance and economical growth.
Financial highlights for last 3 years.
( Rs in lakhs)
1 Suscribed and paid up capital 1348.19 1547.03 1723.24
2 Reserve and other Reserves 89.13 242.58 318.13
3 Other Funds 1437.32 1789.61 2041.37
4 Provisions (not included in other fund) 6516.30 7282.28 7909.33
5 Deposits 21690.07 24370.42 25819.36
6 Borrowings 9389.23 10380.14 12177.94
7 Investments 5694.43 7232.62 7201.69
8 Loan Issued 16069.15 21808.38 19962.47
9 Loan and Advances (O/S) 26046.50 28186.74 32327.91
10 Working Capital 40489.64 45319.42 49554.67
11 Cost of Management 752.42 749.97 733.61
12 C.O.M. as % to W.C. 1.86 % 1.65 % 1.48 %
13 Profit and Loss (+) 2.99 (+) 13.80 (+) 11.57
 
Name of the Secretary & MIC
Name of the Secretary : Shree Harihar Panigrahi OAS Sr
Name of the M.I.C. : Shree Ajaya Kumar Chand , DRCS , OCS 1

 

Name and address
The Sambalpur District Co-operative Central Bank Ltd., Bargarh
AT/PO/P.S/Sub-Divn/Dist- Bargarh , Orissa
Gram- Disco Bank
Fax- 0646-232696
Pbx-:-0646-233157
E mail- discobank @ sancharnet.in
 
 
 
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