The S.A.S Nagar Central Cooperative Bank Ltd. S.A.S Nagar
The S.A.S Nagar central Cooperative bank Ltd., S.A.S Nagar was registered on 12.09.2006 under The Punjab Cooperative Societies Act, 1961 with Regd. H.O. At SCO – 66, Phase – 2 S.A.S Nagar. This bank started its functioning w.e.f. 01.01.2006 as Principal Financing Institution of the Cooperative Movement in the SAS Nagar Distt. It covers hole of the District consisting of 3 Tehsils namely S.A.S nagar, Kharar & Dera Bassi. At present 21 branches including H.O. Are functioning in the District S.A.S Nagar and catering to financial needs of the people at thier door steps.
The bank helps in promoting the Rural Development programmes launched by the Government from time to time and helped a lot in bringing the Green Revolution. This bank classified as “B “class (as on 31.03.2008) as per Audit
Classification made by the Chief Auditor, Cooperative societies, Punjab.
Registration of the Bank : - 12.09.2006 and Registration No. 45-M.
Membership - 342
Status of Board of Management - Elected Board
List of Key Personnel
a) Sh. Manjit Singh Mundhon, Chairman - 0172 – 5091647, 98142-32096
b) Sh. Baljit Singh Karkar Managing Director- 0172 – 5091661, 99889-10417
c) Mrs. Pragati, District Manager – 0172-5091662, 94171-06193
Affiliated with the DCCB
Numbers of Branches/ Extetion Counter affiliated with the DCCB – 20
Other Achievement : The Bank has opened a new branch at Baltana during the year 2007-08 and the bank is in the process to take 10000 sq.feet area on lease for its Head Office and the branch in the Convention centre being constructed on land owned by the PICT, Chandigarh at Sector- 70, S A S Nagar.
At present Head Office of the Bank is working in the rented building at S C F – 66, Phase- 2, S A S Nagar. However Photograph of rented premises is attached.
649 SHGs formed by the bank in District which placed it at first position regarding Formation & linkage of SHG in the District.