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We serve rural farmers and customers by providing various banking facilities
Sri Potti Sriramulu Nellore District Cooperative Central Bank Ltd., Nellore has been functioning in the district since 1918 and serving the rural farmers and customers by providing various banking facilities and other needs required for Agriculture through 20 branches and 79 PACS affiliated to the Bank. The Bank is going to celebrate its Centenary in the next year.During the financial year 2015-16 the Bank has wiped-out its accumulated losses of Rs.302.65 lakhs as per the audited balance sheet as on 31-03-2016 and also achieved a Net Profit of Rs.27.15 lakhs. Further, the gross % of NPAs has comedown from 11.43 as on 31-03-2015 to 6.97 as on 31-03-2016. As on 31-03-2016 the CRAR is 13.14%
The Bank has mobilized total deposits to the extent of Rs.178.80 crores which includes Rs.42.56 crores of CASA deposits as on 31-03-2016 with an increase of 34% over the previous year.
The total loan disbursement during the year 2015-16 is about Rs.491.09 crores with an increase of 63% for the previous year. Out of the above, ST-SAO is Rs.291.91 crores.
The total loan outstandings of Rs.430.53 crores as on 31-03-2016 which shows a growth rate of 44% over the previous year. During the financial year 2015-16 the Bank achieved loan recovery of 63.40%.
During the financial year 2015-16 the Bank has disbursed Rs.109.49 crores to needy farmers through Direct finance and PACS under a new product namely S.T. others (Agriculture Cash Credit) under the refinance from APCOB / NABARD.
The Bank is implementing Social Security schemes of G.O.I. namely Pradhan Mantri Jeevan Jyothi Bheema Yojana and Pradhan Mantri Suraksha Bheema Yojana through its Branches.
All the Branches and Head Office are working under CBS with APCOB coordination and assistance. The Bank is providing NEFT / RTGS facility and Direct Benefit Transfer (DBT) to the customers.
The Bank is working with a meager strength of 125 staff and working hard for betterment of the Bank and the farmer community.