COMPANY PROFILE - Odt
COMPANY PROFILE - Odt
COMPANY PROFILE - Odt
First decade of 20th century was a very important era in the history of Co-operation
for entire country and Surat District as well. Many Co-operative institutions were
initiated during this period. First Co-op. Society in Surat District was registered at
Degam, Taluka Chikhli on 23-5-1906.
In the year 1909, with the efforts of Late ShriB.A.Modi and Late ShriK.G.Desai. The
Surat District Co.op.(Urban) union Ltd., was registered on 17-6-1909. It was the
institution which is later on known as THE SURAT DISTRICT CO.OP. BANK LTD.
In the year 1921, this society had undertaken banking activities in absolute terms. In
1923 The Surat District Co.op. (Urban) union was converted into The Surat District
Co-op. Bank Ltd., The work extended to the entire Surat District, which had 21
talukas and a vast working area with geographical variation.
The Vast Surat District was bifurcated in1965 and district of Bulsar was separated. At
present there are 15 talukas in the Surat district, of which 9 are in the tribal area.
Bank is having separate department for agriculture advances since 1944, and
become an effective central agency for Co-ordination and smooth flow of finance to
Co-operative sector in the district.
Bank has been enjoying privilege of having prominent citizens in fields like Social,
Co-operation and Agriculture, on its Board. The present and former members of the
Board included outstanding Lawyers, Members of Parliament, District Panchayat
Presidents, Mayor of Surat City and Leaders from various walks of life including
Ministers.
In the year 1965 The Surat District Co-op. Bank was separated after formation of
Bulsar District from old Surat District. After separation banks Financial Position is as
under.
Table- 3.1
No. Of Branches
59
Share Capital
Reserves
Deposits
Advances
Rs. 1.71Crores
Management:
Since 1965 the structure of Board of directors has remained unchanged. In all, at
present there are 22 members on the Board as under.
Table- 3.2
One director from each Taluka
14
TOTAL MEMBERS
22
Deposits:
Growth of deposit was steady and in harmony with Advances. At the end of March
2007 deposit of bank was Rs. 1203.40 crores
Advances:
It is obvious true as the major crop of the district is sugar cane. There are 8 sugar
factories in Co-operative sector, which have a turnover exceeding Rs.600/- crores
and as such, banks major share goes to this sector. Major chunk of advances goes
to sugar sector earlier.
In the last decade, bank has gradually paid more attention to non-agriculture and
Individual advances. New schemes, to finance for consumer durables, vehicles,
House construction, and professional loans also have been introduced. More
attention is paid to develop banking routine business also. Bank has actively taken
up the steps for diversification of Loan portfolio. Powers are delegated to the branch
Managers to sanction loans up to Rs.5,00,000/- for A1-Grade branch and
Rs.3,00,000/- for B Grade branch under individual nonfarm sector loans. Also
powers are delegated to the branch Managers to sanction loans up to Rs.1, 00,000/of all branches under individual farm sector loans which is also increased up to Rs.
2 lacks.
The position of advances at various stage is as under: (Rs.in lacks)
Table- 3.3
Year
Total Advances
1965
2.45
1985
45.03
1995
216.77
2005
245.92
Vision:
Our vision is to be Indias most respected and admired district Co-Operative
bank by influencing peoples lives through personalized banking services and
partnering them in realizing their dreams.
Mission:
Our mission is to be a preferred financial service provider with a special focus
on innovative quality products, technical expertise & efficient services for
customer achieve their objectives and goals.
Values:
We have accepted cardinal principle of corporate social responsibility and
accordingly we have tried to fulfill our social obligations to be recognized as
The Surat District Co-Operative Bank Ltd. in real sense.
processing of loan application is done. In this department all the required documents
along with the applications are been collected and then sanctioning is done for
further procedure.
by the customer for taking loan then investigation on such documents is done by this
department. to find out whether the documents are true or not and once the bank is
satisfied with the investigation and the loan amount is been paid to customer.
Loan recovery department: the customers who fail to pay the loan
amountthen for recovery of the amount of the loan from the customer is done in loan
recovery department all the legal actions are been taken the recover the loan.
(A.2) Administration department:
Whenever SDCOBL needed the new employees for bank, the recruitment
As the Surat district co-op bank ltd has its own share a separate department
to develop to do all the work related to share like share issue, payment of dividend,
share allotment, etc.
(D)SWOT ANALYSIS:
STRENGTH:
Staff loyalty
Brand image
WEAKNESS:
Inadequacy of initiative and innovation among the staff and members.
High operating cost
OPPORTUNITY:
Penetrating into market due to increase in industry banking.
Increase the economy of scale by reducing the per capital cost of operation.
THREATS:
Economic slowdown.
The overall profit of the bank was Rs.12 crore on 31 st march, 2015 and it shows that
bank at good position in the market.
The bank has a total of 59 branches in the district.
investment funds that could be made available for farm production from sources
outside that of the farm. He had also defined agricultural credit as the amount of
investment funds that could be made available for the purpose of development and
sustenance of farm production and productivity.
Madurai District Central Co-operative Bank Ltd. The performance had been quite
impressive in terms of deposit mobilization and credit deployment. He concluded that
the success of the cooperative bank depended on effective manpower, planning and
management.
Singh and Singh (2006) studied the funds management in the District
Bhaskaran and Josh (2000) concluded that the recovery performance of co-
in Karnataka was undertaken by Sri B.N. Ganvir, Sri D.L. Sale and Sri N.L. Kale
with the objective to know the performance of different cooperative Banks in respect
of distribution of short-term, medium-term and long term loans. The study concludes
that there was considerable increase in loans, outstanding loans and also overdue.
S. N. Bidani (2002) feels that Non-performing Assets are the smoking gun
threatening the very stability of Indian banks. NPAs wreck a bank's profitability both
through the loss of interest, income and write-off of the principal loan amount itself.
In a bid to stem the lurking rot, RBI issued in 1993 guidelines based on
loan and education loan are more responsible to the increase of Non-performing
assets. Real estate is another sector which is in part of which more than 40% of total
Non-performing Assets and 2% of education shows outstanding.
Ray R. and Patil D.Y. (2013), as per their research paper entitled on
(A)
PROBLEM STATEMENT:
What is the amount of loan disbursed at The Surat District Co-Operative Bank
Ltd.?
(B) OBJECTIVES:
years.
website of the bank and other related data of loan disbursement and NPA
management of the bank for last five financial years i.e. from 2010-11 to 2015-16.
Database at SDCOBL
Library research
Websites
E-circulars of SDCOBL
(E)Tools and analysis:The research is based on the secondary data and for the
analysis of the data is undertaken by various analytical tools like trend analysis and
ratio analysis techniques.
(F)LIMITATION OF STUDY:
Due to the constraint limited study on the project has been done.