SN Jayaram IAS, Apex Bank aims at 14% growth in deposit base

Karnataka State Cooperative Apex Bank is planning to increase its deposit base by 14 per cent to Rs 5,150 crore in the present financial year as compared to Rs 4,479 crore in the last fiscal.
The bank is also planning to disburse Rs 4,096 crore of agricultural credit during this fiscal, of this Rs 1,950 crore has already been disbursed in the first five months of the present fiscal.

“We are hopeful that both our credit and deposit target will be achieved this year on the back of an encouraging response from customers,” S N Jayaram, managing director, The Karnataka State Co-operative Apex Bank, said on the sidelines of the 85th annual general body meeting here.

He also said that the bank was planning to open nine new branches in the city during present fiscal.
The apex cooperative bank has 31 branches in the city and has received approval from the RBI to open another nine branches. “The capital expenditure for opening these branches will be in the range of Rs 2 crore,” he added. The bank will also float tender to shift overall banking operation to core banking mode in the near future. “The expenditure for rolling out core banking will be around Rs 2-3 crore in the present fiscal,” he said.

Link : http://www.business-standard.com/article/finance/apex-bank-aims-at-14-growth-in-deposit-base-110092100035_1.html

SN Jayaram, IAS Receives National Award

MEGA CORP

National Award for Karnataka State Apex Co-op Bank. The Karnataka State Apex Co-operative Bank has been adjudged as 3rd best performing co-op bank by the National Federation of State Co-operative Banks (NAFSCOB). Apex Bank MD, S N Jayaram(left) received the award from RBI Dy. Governor, Dr. K C Chakrabarthy. The awards were presented last week at New Delhi at the National Consultation Review Meet and Presentation of Best Performance Awards function organized by NAFSCOB

SN Jayaram, MD Apex Bank - Vaidyanathan Committee recommendation Accepted

The State has accepted the recommendations of the Vaidyanathan Committee report, and the Centre has released Rs. 753 crore to the State for restructuring short-term loans, said S.N. Jayaram, managing director, Karnataka State Cooperative Apex Bank, here on Monday.

Funds would be released through the National Bank for Agriculture and Rural Development (NABARD).
Speaking to The Hindu, Mr. Jayaram, who was in Hassan to present a vision document prepared by the cooperative apex bank, said that according to the report, weaker financial institutions would be given a one-time financial impetus.

With this, many of the primary agriculture cooperative societies and District Central Cooperative (DCC) Banks would become financially more viable. He said 12 lakh farmers would benefit under the short-term credit structure, and the repayment would be more than 90 per cent.
The total working capital of all the banks and cooperative societies under the cooperative apex bank is Rs. 20,000 crore.

The cooperative banks were doing an excellent job in financing self-help groups (SHGs), he said. So far, the banks had financed 1.92 lakh SHGs with an outlay of Rs. 1,104 crore. The plan was to cover 4.7 lakh SHGs with an outlay of Rs. 5,000 crore by 2014-15, he said.

SN Jayaram, Apex Bank to Expand

K'taka Apex Bank in an expansion mode

In an effort to expand its customer base, the Karnataka State Co-operative Apex Bank plans to open 31 new branches and five new ATM counters next month. Speaking with Deccan Herald, the bank’s Managing Director S N Jayaram IAS said that the ATMs will be opened in the city and the branches will be across the state. “We hope to enhance our customer care service by bringing in Real Time Gross Settlement (RTGS) system for easy funds transfer,” he added. The Apex Bank, which started its operation in 1915, has 21 District Co-operative banks with 600 branches and 5 lakh Primary Agricultural banks under its jurisdiction. It has a working capital of Rs 50,200 crores and its advances to agriculture sector  amount Rs 3200 crores for the current financial year till March.  Loan waiver Apex Bank is quite successful in farm loan waiver scheme. It had received a total amount of Rs 1879.35 crores from the government as part of the Farm Loan Waiver Scheme, of which it has released Rs 1751.18 crones in 2008-09. Jayaram said the loan waiver scheme has not created any liquidity crisis and they are doing very well. The bank is also vying to utilise its deposits for investment in infrastructure projects in the state. “We already had preliminary negotiations with the KSRTCin this regard.  We are ready for investments in private and public enterprises,” he added. Self Help Groups numbering 1,23,368 have mobilised a deposit of Rs 256.93 crores till January 31st, 2009 to the District Co-operative banks  and also availed credit facilities of Rs 494.41 crores.   Link : http://archive.deccanherald.com/Content/Mar232009/business20090322125697.asp