Company Profile of mbcb ltd malappuram (project related)

7/30/2019 Company Profile of mbcb ltd malappuram (project related)

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COMPANY PROFILE

Welcome to Malappuram's Own Bank

MDCB was born soon after the Malappuram district was formed and has contributed immensely to the

development of the district. The bank is governed by a democratically elected Board Of Directors by its

member societies as per the Co operative Act. The bank is headed by the President who is selected from

the Board of Directors. The bank also has a Vice President to aid the President and function in the

absence of the President. The General Manager is in charge of the day to day activities of the bank and

directs the bank to its goals. The General Manager in turn is assisted by three Deputy General Managers

(DGM) viz. DGM (General), DGM (Loans and Advances), DGM (Planning and Development) of the bank in

discharging his duty.

We are committed to the development of the district by bringing the banking services to the door step

of the poorest of the district and to bring smiles of satisfaction on all with the spirit and philosophy of co

operation.

MDCB : An Overview

The Malappuram Revenue District came into existence on 16th June 1969. On the first day of July 1970,

the district was proud to have it own District Co operative Bank called THE MALAPPURAM DISTRICT CO

OPERATIVE BANK LTD, No: 4329 (MDCB) with a few branches of the Kozhikode and Palakkad DCBs.

The Bank started functioning with a modest number of four branches and 163 member societies. Initially

the Banks share capital was Rs. 32.40 lakhs, deposit Rs. 58.91 lakhs and loans and advances Rs. 201.55

lakhs.

MDCB functions as the central financing agency of the cooperative banking sector in MalappuramDistrict. In addition to providing all kinds of agricultural and non agricultural loans to the member

societies, the Bank also provides industrial loans, consumption loans, loans for construction of building,

vehicle loans, gold loans, overdrafts and cash credits to the individuals and institutions.


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Since its formation, the District Co-operative Bank has been able to play a vital role in the progress of

the Malappuram District by proactively involving in the government sponsored schemes such as

Kudumbashree, EMS Housing scheme, KESRU, etc.

The bank has also been able to accelerate the employment opportunities in the District by advancing

loans to certain major projects such as hospitals, tourist hotels and other industries. The bank also

provides financial assistance through its member societies, for increasing agricultural production and for

creating more job opportunities.

Our banking efforts received a huge encouragement on 24/02/1997 when we got the RBI licence

(RPCD.KL 81-C).

MDCB was the implementing agency of the Integrated Cooperative Development Project (ICDP) aimed

at the overall development of the cooperative sector with in the District which was implemented from

January 2000. The societies functioning in the four sectors viz. agriculture sector, agriculture allied

sector, Rural Industrial sector and cooperative Banking sector were benefited heavily through the above

project in improving their infrastructure.

The bank also contributes towards benevolent causes in the socio-cultural spheres of the District by

donating to the Pain and Palliative clinics, Kidney Foundations, etc of this district for the treatment

related expenditure of patients.

In addition to taking adequate steps for the development of the agricultural, industrial, and health care

sectors of the district, steps are also afoot to equip the Bank with latest Information Technology tools so

as to cater to the changing needs of the customer and banking industry. The bank is working ahead to

complete the integration of all its branches under Core banking Solution (CBS) and to diversify to

modern banking services in addition to the conventional services rendered by the bank.

In 2012, we are in the 32nd year of service and have achieved a business volume of more than ` 2500

crores with 46 branches spread across the district.


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Services

The bank offers various services that a financial institution gives. To the conventional services of

Advances, Deposits, DD, Bills collection, Locker Facility, Sunday banking branches, etc. We have recently

added two more services viz.

Money Transfer: The bank has tied up with Federal bank for extending the Money Transfer scheme

FEDFAST through our branches.

RTGS/NEFT: The bank offers RTGS/NEFT facility through its selected branches.

Loans and Advances ::

Loans to Societies

Cash Credit to Societies KCC

Cash Credit to Weavers Societies

Cash Credit to Societies Other purpose

Cash Credit to Harijan Societies

Cash Credit to Hospital Societies

Cash Credit to Industrial Societies

Cash Credit to Taxi drivers Societies

Overdraft to Societies

Cash Credit to Coir Societies

Cash Credit to Motor Cycle Societies

Cash Credit to Societies - Ordinary


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Non Agricultural Mid Term

LT Schematic

Loans to Individuals/Institutions

Gold Loan (3 to 12 months)

Agricultural Gold Loan (1 year)

General Purpose Mortgage Loans

Consumption Loan/Personal Loans

Housing Loan

Vehicle Loan

Daily Deposit Linked Loan

Deposit Loan

Educational Loan

SRTO Loans

Industrial Loans

Vanitha Vikas Loan

KESRU Loans

EMS Bhavana Vaypa

Shopping Complex Construction Loans

Cash Credit to Individuals

Overdrafts to Individuals

Govt Sponsored Advances

Micro finance loans


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MDCB : Progress ::

Amount in lakh

Item1990-

19912000-2001 2010-2011 2011-2012

Share Capital 258.75 460.48 585.07 661.59

Reserves and other

Funds849.02 2,313.66 2,192.30 3,838.42

Deposit 4,111.45 24,936.48 1,20,998.54 1,46,636.83

Borrowings 1,798.32 1,140.21 19,884.70 16,316.18

Loans and Advances 3,839.49 12,688.22 1,01,541.64 1,07,123.00

Investment 887.36 25,553.55 39,203.64 55,754.45

Working Capital 5,384.57 36,604.88 1,42,621.33 1,64,191.50

Profit 0.71 39.76 52.78 164.11

Documents

Company Profile of mbcb ltd malappuram (project related)