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The Sundargarh District Central Co-Operative Bank Ltd., Sundargarh.
Brief History
The Sundargarh District Central Cooperative Bank Ltd. Sundargarh, was established in the year 1955 i.e 01.06.1955 with its area of operation confined to the entire revenue district of Sundargarh. The principal aim and object of the Bank is to develop, assist and co-ordinate the work of Cooperative Societies along with the promotion of economic interest, thrift, self help and mutual aid amongst the people of Sundargarh. The Bank operates through a network of fourteen branches spreading throughout the district. It provides short, medium and long-term finances for agricultural and allied activities. It also provides assistance to the beneficiaries under different govt. schemes like SGSY, ITDA, KSK, On-farm Water Management Programme, Rain water harvesting programme etc. It also carries on general business under the Banking Regulation Act., 1949 and provides financial assistance to small business and individuals in the non-farm sector. How ever the Bank has restricted finance under non-farm sector with a view to curbing rampant corruption nepotism and favoritism indulged in such type of finance. The bank plays a vital role in the rural economy of the District. Through its 204 numbers of affiliated societies consisting of LAMPCS, Employees CS., FM CS, MP CS, WCS and other CS, it meets the financial needs of rural poor and other weaker section of the society at par with the commercial Banks operating within its area of operation.
 

Branch Names And Address Of

01 Sundargarh Branch 29-06-1979 At/PO-Sunddargarh Dist:- Sundargarh.
02 Rourkela Branch 26-01-1966 At/Po:- Uditnagar, Rourkela Dist:- Sundargarh.
03 Bonaigarah Branch 28-08-1969 At/PO:- Bonaigarh Dist:- Sundargarh.
04 Rajgangpur Branch 21-01-1971 At/PO:- Rajgangpur Dist:- Sundargarh.
05 Sargipali Branch 16-03-1972 At/PO:- Sargipali Dist:- Sundargarh.
06 Purunapani Branch 25-06-1982 At/PO:- Purunapani Dist:- Sundargarh.
07 Lahunipara Branch 11-11-1983 At/PO:- Lahunipara Dist:- Sundargarh.
08 Subdega Branch 12-11-1983 At/PO:- Subdega Dist:- Sundargarh.
09 Gurundia Branch 10-11-1984 At/PO:- Gurundia Dist:- Sundargarh.
10 Hemgir Branch 16-11-1984 At/PO:- Hemgir Dist:- Sundargarh.
11 Bargaon Branch 21-06-1984 At/PO:- Bargaon Dist:- Sundargarh.
12 Bus-stand Branch 01-10-1993 At/PO:- Bus-stand, Sundargarh Dist:- Sundargarh.
13 Mahila Branch 24-12-1994 At/PO:- Basanti Colony, Rourkela Dist:- Sundargarh.
14 Fertiliser Branch 18-07-1994 At/PO:- Fertiliser town ship, Rourkela Dist:- Sundargarh.
 
Financial highlights for last 3 years.
( Rs in lakhs)
1 PAID UP SHARE CAPITAL
(a) State Government 200.80 265.80 265.80 315.80
(b) Coop. Societies 385.70 499.09 637.94 721.72
(c ) Nominal Members 22.92 25.57 28.38 31.85
  TOTAL 609.42 790.46 932.12 1,069.37
2 RESERVES        
(a) Statutory 11.61 11.61 11.61 35.87
(b) Others 37.53 43.56 47.30 58.60
  TOTAL 49.14 55.17 58.91 94.47
3 OWNED FUND (1+2) 658.56 845.63 991.03 1,163.84
4 PROVISIONS        
(a) For Bad Debt
(As per NPA Norms)
705.66 688.48 762.69 628.53
(b) For interest receivable
on NPA
1,070.04 1,168.06 1,194.96 1,130.39
  TOTAL 1,775.70 1,856.54 1,957.65 1,758.92
5 DEPOSITS        
(a) Current 164.62 117.96 263.51 202.66
(b) Savings 1332.11 1,552.83 2,447.31 2,199.35
(C) Fixed 6209.29 6,549.31 7,347.33 7,910.26
  TOTAL 7706.02 8,220.10 10,058.15 10,312.27
6 BORROWINGS        
I(a) NABARD - - -  
(b) Apex Bank 2,946.67 3,044.13 3,178.55 4,443.13
(C) State Govt. 2.96 0.62 0.62 0.62
(d) Others - -    
  TOTAL:- 2,949.63 3,044.75 3,179.17 4,443.75
II ST(SAO) 2,170.00 2,492.00 2,500.00 3,460.00
  ST(HANDLOOM) 26.00 26.00 26.00 26.00
  CC & OTHERS 305.14 182.64 100.00 151.67
  MTC/RMTC 110.32 78.90 426.37 656.46
  MT Farm Sector 114.42 89.99 13.03 12.68
  MT Non-farm Sector 107.81 110.86 49.31 26.34
  LT Farm Sector 109.20 5.43 56.71 67.00
  LT Non-Farm Sector 3.78 58.31 7.13 42.98
  TOTAL:- 2,946.67 3,044.13 3,178.55 4,443.13
7 LOANS ADVANCES (ISSUED DURING THE YEAR)
  ST(SAO) 3,059.28 3,410.56 4,166.32 5,685.85
  ST(Handloom) 34.22 4.57 12.08 12.54
  ST(Others) 656.13 829.11 788.11 721.79
  CC & Overdrafts 788.67 1,183.27 1,114.73 1,173.21
  MTC/RMTC     774.79 1,306.48
  MT Farm Sector 379.71 84.57 15.51 50.77
  MT Non-Farm Sector 94.97 89.10 145.87 235.09
  LT Farm Sector 18.40 6.90 25.75 52.04
  LT Non-Farm Sector 44.46 19.48 26.99 86.44
  TOTAL:- 5,075.84 5,627.56 7,070.15 9,324.21
8 LOANS AND ADVANCES OUT -STANDING
  ST(SAO) 4,265.65 5,570.67 6,084.09 6956.19
  ST(Handloom) 90.02 93.20 103.35 112.05
  CC & Overdrafts 425.07 475.39 1,114.73 1173.21
  ST(Others) 1,152.15 1,226.81 598.97 618.95
  MTC/RMTC 455.46 387.02 906.19 1810.43
  MT Farm Sector 279.74 177.30 76.33 84.86
  MT Non-Farm Sector 348.71 330.92 449.80 519.68
  LT Farm Sector 318.02 266.33 129.69 128.46
  LT Non-Farm Sector 121.90 53.35 824.35 860.7
  TOTAL:- 7,456.72 8,580.99 10,287.50 12,264.53
9 INVESTMENT (O/S) 2,619.94 2,238.63 3,102.72 2,897.37
10 RECOVERY (%)        
(I) PRINCIPAL 58.45 56.96 63.21 74.24
(II) INTEREST 51.23 47.80 50.99 53.69
11 Working Capital 13,347.38 14429.59 16,846.95 18,725.48
12 Cost of Management 195.83 246.64 248.24 279.35
13 COM as % to Working Capital 1.47 1.71 1.47 1.49
14 Per Employee Deposit 53.89 5.10 75.06 67.40
(a) No. of Employee 143 135 134 153
(b) Total Deposit 7,706.02 688.48 10,058.15 10,312.27
15 Per Employee Advances 57.25 9.09 76.77 80.16
(a) No of Employee 143 135 134 153
(b) Total Loans & Adv. 8,186.73 1,226.81 10,287.50 12,264.53
16 Per Employee Business(14+15) 111.14 14.19 151.83 147.56
17 Gross Income        
(a) Int. on loans, advances 1,187.76 1,153.66 1,244.34 1,261.66
(b) Int. on Investment 179.88 289.34 295.98 265.31
(c ) Miss & Other Income 28.90 18.24 34.43 227.91
  TOTAL 1,396.54 1,461.24 1,574.75 1,754.88
18 Gross Expenditure        
(a) Int. paid on deposit 681.44 897.58 951.65 1,204.05
(b) Int. paid on borrowings 270.83 183.76 248.03 239.76
(c ) Cost of Management 195.83 246.64 248.24 279.35
(d) Provision 265.05 128.16 103.18 7.81
  TOTAL 1,413.15 1,456.14 1,551.10 1,730.97
19 (a) Profit(+) - 5.10 23.65 23.91
  (b) Loss (-) 16.61 - -  
20 Accumulated loss 436.19 384.28   336.72
21 Breakeven Analysis (computed on monthly average data)        
A Weighted average yield        
(a) Loans & advances 9.53 8.28 8.04 7.18
(b) Investment 1.44 2.08 1.91 1.51
  TOTAL 10.97 10.36 9.95 8.69
B Average Cost of Fund        
(a) Deposits 5.47 6.44 6.15 6.85
(b) Borrowings 2.17 1.35 1.6 1.36
  TOTAL 7.64 7.79 7.75 8.21
C Financial Margin(A-B) 3.33 2.57 2.20 0.48
D Misc income to Working fund 0.23 0.13 0.22 1.30
E % of cost of Management to working fund 1.57 1.77 1.60 1.59
F Risk Cost 2.13 0.92 0.67 0.04
G Net Margin(C+D-E-F) (0.14) 0.01 0.15 0.15
H Present level of working fund 12,463.41 13,937.68 15,485.08 17,583.68
I Breakeven level of working fund 12,971.47 13,874.32 14,408.64 12,265.86
J Surplus(+)/Deficit(-) (-)508.06 (+) 63.36 (+) 1076.44 (+) 5317.82
 
    From To
34 Smt. Sujata Kartikeyan, IAS, Collector District Magistrate, Sng. 24.08.05  
 
    From To
1 Sri G. Satpathy, OCS-I 05.05.04  
 
Name and address
01 The Sundargarh District Central Co-operative Bank Ltd., H.O. Sundargarh 27.01.1956 At/PO-1 st Floor, Bank Building , Regent Market, Sundargarh Dist:- Sundargarh. Pin: 770001
 
 
 
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