SRINAGAR Jammu and Kashmir State Co-operative Bank launched its first off-site ATM in Parray Pora area here .
The ATM was dedicated to the people of Parray Pora by Secretary Co-operatives, Abdul Majeed Bhat in presence of Registrar Cooperatives M.M. Gassi, Chairman of the Bank M.S. Dar, Managing Director M. Lateif, Adl Managing Director Shabana Buchh and several senior officers of the Bank, according to a statement.
Speaking on the occasion, Bhat while applauding the role of state cooperative bank, stressed upon the need to spread the foot prints of the Bank far and wide. He said technology adoption will help co-operative banks to remain afloat in the fast changing financial environment.
He expressed his satisfaction on the role played by State Cooperative Bank in modernising its structure to keep pace with the fast changing financial environment.
Bhat expressed hope that the expansion of Offsite ATM network will help further in strengthening the image of the Bank.
While speaking on the occasion, M.S. Dar said that the demand to open an ATM at Parray Pora was raised several times by the respected citizens of the area.
He said that the Cooperatives are the backbone of the rural credit structure due to their many inherent characteristics, strengthening this structure is therefore a prerequisite, if the credit requirements of the rural populace are to be properly addressed.
He informed the Secretary that the Bank is aggressively undertaking expansion of Branch and ATM network as well as introduction of technology based products. He further said that the Bank is planning to install seven Offsite ATM`s this fiscal. He further informed the Secretary that the Bank has already started the process to introduce internet and mobile banking facilities.