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VOL. 2, ISSUE 12 (2015)
Financial aspects of Nellore District Co-operative Central Bank
Authors
Dr. B Prabhakararao
Abstract
The District Co-operative Central Banks (DCCBS) form an integral part of the short and medium term cooperative credit structure. They provide a connecting link between the small and scattered primary societies in the district and the Apex Bank at the State level. Besides being balancing center for primary societies, DCCB act as a financier, a friend, a philosopher and a guide to all cooperative organizations at the District Level.rnSri Potti Sriramulu Nellore District Co-operative Central Bank Ltd., Nellore, was registered and started its functioning from 11.01.1918 and this is having a long cherished history of 97 years. The area of the operation of the Bank extends to Five Revenue Divisions covering 46 Revenue Mandals of the District. The Bank is providing financial assistance through 99 PACS affiliated to the Bank and 348 other type of Societies through the network of 18 Branches. Now the Nellore DCCB has come to be regarded as strategic leader of cooperative movements at the district level.rnBearing in mind the functions assigned to the Bank, an attempt has been made in this chapter to evaluate the performance of the NDCCB in owned funds, share capital reserve fund, deposit mobilization and borrowings for a period of Ten years i.e., from 2004-05 to 2013-14.rnThe present paper is an attempt to bring out the financial performance in term of composition of funds, Deposits and Borrowings of Nellore District Co-operative Central Bank.
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Pages:483-488
How to cite this article:
Dr. B Prabhakararao "Financial aspects of Nellore District Co-operative Central Bank". International Journal of Multidisciplinary Research and Development, Vol 2, Issue 12, 2015, Pages 483-488
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