CHAIRMAN DESK

Dear Members,

Hello! First of all, we thank you all for conducting the unopposed election of the Board of Directors of the Bank. I express my gratitude to all the members and the board of directors for showing your trust in us. This has motivated me and all my colleagues to work more vigorously for the betterment and welfare of the organization.

The policy of free economy adopted by our country and the environment of global recession affect the Indian economy and banking business. Competitive interest rates on deposits and loans have made it challenging to provide loans and various banking services to the maximum number of members and account holders as per Reserve Bank of India rules. Even in these circumstances, the bank has kept interest rates attractive.

The contribution of all our members, depositors, account holders and well-wishers to the growth of bank business has become important while bringing about changes in customer service based on mechanization and information technology.

Our bank has been able to firmly establish its existence while facing strict rules and changes, instability in the financial market and other challenges. All members, account holders, depositors and well-wishers have an invaluable share in this progress.

Thanks,

Bank Chairman