Towards Educational Development with Social Context
We have been in social activities since last 20 years in and around Pimple Nilakh. It was a undeveloped part then and a sub-urban part of Pune City. The Foundation continued the same activity with specific intention of Educational and Social upliftment of this area with full heart and mind. Through this Public Trust, we have initiated various Social activities in this area; to begin with “ Pimple Nilakh Krida Sanstha ”
in 1989 for young blood of school and college going students. And then started “Shri. Ramkrishna Nagari Patsanstha” in 1989 and “Shri. Chhatrapati Urban Co-op. Bank Ltd” in 1999 to assist in family needs of the area households and small business entrepreneurs. Both the entities have been working well to help self-employed and middle class persons as well. By lucrative deposit rates and by different loan schemes, people in and around this area have been benefited by the services through the Patsanstha and the Co-operative Bank. We are proud to say that with limited but disciplined and devoted staff, the Co-operative bank has been able to secure “ Grade I ” from R.B.I. since Nov. 2006.
At the same time, the Foundation did not forget the need and importance of primary and secondary Education to poor and middle class deserving students. We started “Laxmibai Nandgude School” in 1988. As on today approximately 2000 students (boys and girls) are taking the advantage of Primary and Secondary Education in, both, Marathi and English medium schools. The teaching faculty is imparting the role of Education in full swing resulting 100% success in 10th standard continuously for last seven years. One of the students, Miss. Varsha Patil obtained the rank in merit list of 10th standard during March 2007 Board Examination. In scholarship examination also, school students have been obtaining grand success. The Foundation, therefore, started distributing various awards to top ranking students in the name “Laxmibai Nandgude” in order to encourage them as well as other prospective students.
Now, taking into consideration the growing need of Education with increasing students numbers, the Foundation has taken a Educational Project of new building where additional professional courses in Management Engineering and Software related field will be incorporated. Thereby, students of this local area need not rush to Pune/Mumbai for Higher Professional Education. For this ambitious project, one of the ex-directors has donated two acres of land and Foundation has also purchased eight acres of land adjesecent to this land. The total expenses for this project is app. Rs. 60 crores. For this huge project, therefore, the Foundation is also collecting donations from the people in and around Pune.
In retrospect, many social events we have been organizing since last 8-10 years for which we are proud of ; as many needy students, youths, females and other persons have been benefited with these organized functions. Many Celebrities / Dignitaries have attended these functions as chief guests. To name the few, are, Dharmendra, Salman Khan, karishma Kapoor, Mahima Chaudhary, Urmila Mathondkar, Ravina Tondan etc.
At the same time, we must say that the Cabinet Minister from Central Govt. Hon. Shri. Sharad Pawar and the Cabinet Minister from State Govt. Hon. Shri. Ajit Pawar have appreciated the various activities of the Foundation and gave their valuable guidance from time to time.
The social events that have organized during the current year and expected in next few months are summarized in the following pages.
Prize distribution ceremony for Merit Students from 10th and 12th Examination.
The students from the school are getting bright success in the Board Examinations since last 8-10 years. And this brings the foundation to honor them in order to encourage them as well as other prospective students in following standards also. We have distributed 2000 cycles to all first class getting students of 10th /12th standards and present computers/motor cycle to first ranking students. Every year in the month of July, we celebrate this function with celebrities as the Chief Guests. This year noted film actress Ravina Tandan was in the seat as Chief Guest on 22 July 2008.
Following are the Prizes which we distrbuted to first Three Rankers of 10th and 12th std students in Chinchwad Vidhansabha Prabhag.
H.S.C.E. Ranked Students
1st Prize – Platina (bike) - Mahesh Anarase – 91.17%
2nd Prize – Laptop – Shewta Shinde – 90.33%
3rd Prize – Computer – Swapnil Patil – 89.83% S.C.C. Ranked Students
1st Prize – Scooty - Pooja Modale – 94.30%
2nd Prize – Laptop – Pooja Choudhary – 94.15%
3rd Prize – Computer – Supriya Kakade – 94.15%
As this function was held on the big campus of proposed new school, this time, People participation from this area was over whelming.
Shri. Chhatrapati Urban Co-operative Bank Ltd.
Near Kai. Laxmibai Nandgude Highschool, Vishal Nagar,Pimple Nilakh, Pune – 411027.
Phone No. 27270192/27271235
Teachers Day Function
It is my immense pleasure to represent 9th Annual Report of 31 March 2008 Balance Sheet of our bank on behalf of Board of directors, last 4-5 year. We are constantly & consistently on the ladder of growth, so I proud to say that, we have achieved class. I grade, off course this all is because of your reliable & morale support so it went possible.
There are plenty of quotation arisen while running bank on Financial Institute out of that important is to fix the rate of interest on which whole financial planning’s are depend. Every bank has liberty of fix the rate of interest & it should be flexible according to market position. It is flexible task to Board of director.
Mostly bank denied to long term saving because of its responsibility task, but as seems our Urban Co-operative bank fulfill investors like senior Citizen who totally depends on interest returned on his saving so he can insist fixed & favorable rate of interest.
How much deposit should improved & now much share capital should improved ? It is important roll in growth of bank, so we conceived to increase the share capital upto scroll accordingly we published circle & hope to positive response.
The recovery of loan is important as share capital as saving investment. Mostly security of saving depend on recovery of loan & bank income is depends on regular recovery of interest. Last 4 -5 year our bank constantly successful on ladder of growth due to keeping or maintaining % N.P.A. so Pune Dist central co-operation Association honored to our bank. This year also we kept 0.50% NPA. By identifying importance of ALM our bank will always on track of CRAR, CD, RATIO, CRR & profitability.
As bank financial potential counted on achieving the deposit & distribution of loan, also counted on self funding of bank so that we reserving some part of profitability since from 2 – 3 year. In current year we distinguished reserved fund 4 lac & building fund of 4 Lac hence ‘Chaswandni’ dt. 31 March 2008 become 71.18 lac. So I am proud to say 2007-08 approximately profit is Rs. 22 Lac & we are achieving consistent profit since from 7-8 yrs.
We people aware that banking sector changing very drastically. restricting new rules & regulation, new banking policies impacted on Urban Bank so we are planning to diversify our bank in investment, loan in fourth coming year we conceived to diversity in insurance, DEMAT, FRANKLIN Service etc. current year our bank trying to provide franklins service successfully of 1 believe to discreat regularly.
The movement of Urban Banking is always in favors of low & middle class people for that increasing members, saving, deposit & regular loan & reliable service is important. This is need of society. We have always stand for providing reliable & consistence service.
Growth of banking business is parallel with social reliance so that clean & neat transaction maximum immediate service play important role and our bank is concentrating on this regularly.
We are trying to increase women’s contribution by providing them financial back-up, so we conceived to stand with ‘Mahila Bachat Gat’ & also providing them guideline to business growth marketing strategies, social reliance & accountability mean while we are planning to arrange seminar, workshop for Mahila Bachat Gat. Even there is nationalize & trading institute for strong lender but Urban banking play Vital Role in small business investor, it is facilitated to small entrepreneur to show their existence.
Basically Urban banking facilitated for small entrepreneur Mahila Bhachat Gat & Senior Citizen to provide reliable banking service. As Govt. system punishes to bankruptcy, also they should provide proper guideline from R.B.I. & we can expect from them. In the competitive environment the customer has plenty of banking options, accordingly we have plan & sustain in global environment.
Any economic system should be profitable on the growth track accordingly govt. changes it’s policies. As we know that merging & acquition may increase in fourth coming 2 year merging is hanging sward on Urban Banking.
In current situation following the rules & regulation, balancing the economic potentional has become very difficult. It is challenge to small banking & I believe that we are competent for it. Bank either be small or large, deposite should be secure competent to distribute loan, ability of fund. These aspect are responsible growing economy of county & that is important, small bankers are able to maintain public relation, customer relation so we enjoy to provide such banking service to grow the bank. If merging policy carrying all that aspect which are responsible for banking growth, will destroy abolish isn’t it ?
In this economy banking sector play important roll in improving the living of standard of society. Unproductive asset of society can move to productive asset through the bank so social group can grow & show their financial strong potential to the world, this is our intention.
As nationalize banking & trading existence in the world, one day small banking will be strongly existence with large banker. This is postulate of banking expert.
Place – Pune.
Date – 20.07.2008.
Mr. Vilasrao E. Nandgude