SCDCC Bank nets Rs 12.77 cr profit

[email protected] (News Network)
May 13, 2012

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Mangalore, May 12: South Canara District Central Co-operative (SCDCC) Bank has achieved Rs 12.77 crores of profit in the year 2011-12, for the first time in its 99 years of history. With this, the Bank has surpassed the Belgaum District Cooperative Bank record and rose to number one position with highest profit.

Addressing a press conference on Saturday, SCDCC Bank President M N Rajendra Kumar said that the bank had a turnover of Rs 2,374. 66 crores as against its target of Rs 2,085 crores. “The achievement is special because the bank has distributed Rs 157 crores of loan in 2011-12 including 55 per cent of agriculture loan,” he said.

Loss in agri loan

“According to the government policy, the Bank has been giving agricultural loan at an interest of 3 per cent. But the Bank is getting the interest amount only after two years,” he said and added that in spite of the stiff competition, the Bank has achieved 100 per cent recovery of agriculture loan consecutively for 17th year.

Stating that the SCDCC Bank has collected Rs 1,317.48 crores of deposit from its 55 branches in the year 2011-12 to become the only district cooperative bank in the State to collect such a huge amount, he said the bank has given a sum of Rs 1563.63 crores as advance which is 22.99 per cent more than previous year.

Giving details about the new facilities, Kumar said that the Bank now has Real Time Gross Settlement facility (RTGS). “SCDCC bank is the only district cooperative bank to have this facility,” he said and added that the Bank is happy to inform that the Non Performing Assets (NPA) of the bank has been dipped to 2.47 per cent.

New schemes

Rajendra Kumar said that the bank has received good response from the customers on its new schemes. “Jewellery Purchasing Loan scheme has got good response from the customers. In the year 2011- 12, the bank had distributed Rs 4.70 lakh of loan under the scheme.

With regard to Yashasvini Health Insurance Project, he said that 15,80,040 members were included into the project. “An amount of Rs 2.25 crores has been credited to Yashaswini account while a sum of Rs 2.38 crore has been spent for the treatment in the year,” he said.

Pension for workers

On new technologies he said the Bank is the only district-level cooperative bank to have mobile banking facility. “The Bank is introducing core banking facility which would centralise the transactions of all branches in the district.” He also added that the SCDCC bank is the only district co-operative bank to introduce pension plan to bank workers.

SCDCC Bank Vice President Vinay Kumar Soorinje, Directors M Vadiraj Shetty, K S Devaraj, B Raghuram Shetty, Sadashiva Ullal, Raju Poojari, Managing Director M Gopalakrishna Bhat and Cooperative Organisations' Deputy Manager P R Palangappa were present.

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News Network
February 7,2020

Bengaluru, Feb 7: The Bruhat Bengaluru Mahanagara Palike (BBMP) ordered the destruction of a tilted building in the city after evacuating about 150 people from 35 families in the vicinity, an official said on Thursday.

"The top portion of the building has been destroyed 70 per cent today (Thursday). Later, the destruction contractor will allow machines to be used," Bruhat Bengaluru Mahanagara Palike (BBMP) Yelahanka joint commissioner Ashok said.

Located on Vinayaknagar Street in Hebbal's Kempapura, the five-storey building being used as a hostel for boys got tilted on Wednesday morning, spreading panic in the neighbourhood.

Though the tilted building owned by one Rahul, a jeweller, was a sound structure, Ashok said a neighbour, Babu, hired a JCB excavator to dig deep beside the affected structure to build his own structure.

"Babu not only dug very deep but also damaged the foundation pillar of the tilted building, weakening the structure and leading to its slant," said Ashok.

Babu has been booked and arrested even as the police are on the look-out for the JCB owner and operator.

The titled building erected five floors unauthorisedly and falls into the B Khata category. It was constructed without the civic body's plan, said Ashok. 

A Khata and B Khata denote the two types of khatas that exist under BBMP. Khata is a document which shows a property owner having an account with the municipality to pay taxes. An A Khata denotes that the building owner has paid relevant property taxes and that the building conforms to building bylaws and government rules. A B Khata denotes that the building is in violation of government regulations regarding properties in Bengaluru, even when the civic charges for the property have been cleared by the owner.

"As per procedure, we issue notice, but such constructions are rampant in the city. Under the BBMP jurisdiction, there are 15 lakh B Khata structures," said Ashok.

For all B Khata sites, the civic body does not give any plan and there is no proper control on them, he said.

Ashok said the case to regularise the B Khata buildings to A Khata buildings is currently pending in the Supreme Court.

Luckily, no injury or loss of life has been reported from the tilted building.

The civic body arranged alternative accommodation for the affected families, but most of them chose to stay with their relatives, said Ashok.

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News Network
February 26,2020

Bengaluru, Feb 26: Karnataka Police and intelligence have been asked to be on alert in the wake of communal violence in Delhi and take preemptive measures, state Home Minister Basavaraj Bommai said here on Wednesday.

"We have been keeping a close watch on the developments after the Delhi incident. I have instructed my officers to be on alert and take precautionary actions rather than actions after the incidents," Bommai told media.

"The day before yesterday we had a high-level meeting...we are having a close watch," he added.

Violence erupted in Delhi on Sunday evening after groups protesting against the Citizenship Amendment Act (CAA) and those supporting it indulged in stone pelting at each other.

The confrontation soon turned communal and the violence spread to other areas of northeast Delhi including Chand Bagh, Mustafabad, Brijpuri, Shiv Vihar and Noor Ilahi on Monday and Tuesday in which at least 20 persons, including a police head constable, have died and over 200 have been injured.

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coastaldigest.com news network
May 20,2020

Mangaluru/Udupi, May 20: Islamic scholars belonging to different schools of thoughts including two prominent Qadis have issued special guidelines asking all Muslims in the region to offer prayers and celebrate Eid al-Fitr at home this year in keeping with the extended covid-19 lockdown.

Eid al-Fitr which marks the end of the month-long dawn-to-sunset fasting of Ramadan is rather a ‘humanitarian event’ than a fiesta. This year Eid is likely to be observed in coastal Karnataka on May 23 or May 24 depending on sighting of the new moon.  

Amid the Covid-19 pandemic, the Muslims are preparing for — and reconciling itself to — a most unusual Eid bereft of all the usual trappings like huge prayer congregations, ceaseless shopping, social visits and the inviting warmth of an Eid Mubarak embrace.

In their separate messages, Udupi Qadi Bekal Ibrahim Musliyar and Mangaluru Qadi Twaqa Ahmed Musliyar have urged Muslims to refrain from all kinds of public gatherings during Eid. Noting that Muslims in the region have followed all the advisories in issued by the government to contain the spread of coronavirus in the blessed month of Ramadan, they have urged them to follow the guidelines during Eid too.

On social media groups, messages like “no new clothes, just wear your best clothes” are being circulated among family and friends, urging people to fill the festive void with the spirit of giving. The suggestions range from paying a needy child’s school fee or someone’s rent to helping a lockdown-hit trader revive his business.

Following guidelines are issued by the top clerics ahead Eid

1) There will be no Eid prayer in mosques or Eid-gahs. Hence, Muslims should offer Eid al-Fitr prayer in their homes with family members.

2) Distributing Zakat al-Fitr among needy is mandatory. However necessary safety measures should be taken while going out such as wearing masks and maintaining physical distance. As there is lockdown from 7 p.m. to 7 a.m. every day, Zakat al-Fitr can be distributed a day before Eid or on the day of Eid before evening. 

3) Women, children and elderly people should not step out of the houses.

4) Avoid visiting graveyards or other places.

5) All mosques are closed due to lockdown. Hence, observe Eid in a simple way and set an example for the society. 

6) Strictly follow all the guidelines issued by the state and central governments

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