Figures:- Rs. in Lacs

S. No.	Particulars	31.03.11	31.03.12	31.03.13	31.03.14
1	Share capital	55.36	61.21	86.21	80.91
2	Deposits	23659.36	25443.41	27144.42	26951.98
3	Borrowings	-	-	-	-
4	Loans outstanding	6407.15	6201.20	7400.60	9124.11
5	Investments	19952.25	21748.79	22306.08	20050.50
6	C.D. Ratio	27.08%	24.37%	27.26%	34.01%
7	NPA	14.42%	13.92%	7.37%	4.69%
8	Profit	365.46	317.56	316.04	413.36

The Bank management is making all out efforts to improve the financial position of the Bank and has also initiated some effective steps in this regards as a result of which, the financial health of the Bank has improved considerably.

Other important achievements:

Obtained DICGC Extension/RBI License for bank
The Bank management carried out very sincere efforts as the matter was pending since inception of the Bank for want of necessary amendments, which had to be made at the level of Ministry of Home Affairs, New Delhi. With the best efforts of the bank management, the bank was granted DICGC Insurance Cover in November 2011. In this way, the Bank management not only taken a huge step to obtain risk cover on public deposits from Deposit Insurance and Credit Guarantee Corporation, but also managed to obtain RBI License from Reserve Bank of India.

Core Banking Solution:
At the direction of NABARD/Government of India, all the Cooperative Banks are now converting their manual functions into Core Banking Solution. The Chandigarh State Cooperative Bank Limited, Chandigarh is also running its banking affairs in CBS system. All the Branches of the Bank have also been equipped with CBS and the CBS work is in full swing in the Bank and the management is taking all necessary steps on the directions issued from time to time by NABARD/Government of India. A full fledge WIPRO Team has been engaged for successful implementation of CBS in the bank and to avoid facing any difficulty in CBS functioning.

Board of Directors/Committees of the Board
The bank got conducted elections to the Board of Directors of the bank in May 2012 and now the Board of Directors of the bank is running the banking affairs. Certain Committees have been formed and the Board has empowered these Committees for successful running of the affairs of the bank. The bank is planning to open certain new branches and also to fill up certain new posts according to the need and prevailing banking circumstances.

Renovation and upgradation of branches:
All the branches of the bank are/under fully CBS working condition and have been/are being renovated as per banking need. The branches have also been upgraded by installation of security system, alarm system, CBS under Finacle through Wipro & NABARD.

Setting up of Computer Lab at Plot No. 702, NAC, Mani Majra, Chd
Bank has also constructed Plot No. 702, NAC, Mani Majra UT, Chandigarh and as per NABARD guidelines, the bank has set up a Computer Lab for computer training to the bank staff. The Computer Lab is functioning since 20.03.2013.

Delegation of power to the Branches
The Board of the directors of the bank passed Resolution No. 2 dated 8.1.2013 and delegated certain powers to the branches to sanction/disburse certain loans and also revised Loan Policy to add certain new loan products and to fix various terms and conditions. To sanction the loans up to Rs.5.00 Lacs, the Branch Managers have been delegated the powers by the Board of Directors. The bank also revised its rates of interest on deposits w.e.f. 01.01.2013.

Revised Loan Policy (2013) of the bank
The bank has got prepared a very effective and vast loan policy keeping in view the current market scenario and to cater the needs of general public and also to boost up the loaning of the bank.

Cheque Truncation System (CTS)
The bank has adopted latest version of clearing of cheques under Cheque Truncation System regulated by the Reserve Bank of India and has also established a well setup of Clearing Section at Head Office of the bank.

RTGS/NEFT with IFSC Code
The bank was availing RTGS/NEFT services through AXIS Bank at par under any where banking system and now the bank has also been granted the IFSC Code and therefore the bank is also in process to start RTGS/NEFT at its own. After successful implementation of RTGS/NEFT, the bank will further proceed to install ATMs in the Union Territory of Chandigarh.

ATM Process
The Bank is in process to provide ATM facilities to its customers for which survey of different Banks is carried out and discussions with the service providers/ vendors are in process to expedite the ATM system in Chandigarh.