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Tue, 15 Oct 2019

Northeast Today

Pema Khandu Inaugurtes State Cooperative Apex Bank building

Pema Khandu Inaugurtes State Cooperative Apex Bank building
September 14
11:19 2019

NET Bureau

Arunachal Chief Minister Pema Khandu inaugurated the Arunachal Pradesh State Cooperative Apex Bank building in Bomdila on Friday. Khandu is on a whirlwind tour of West Kameng district since Thursday.

While congratulating the employees of the state owned cooperative Apex bank, the chief minister said that Apex Bank has come a long way. Starting its banking activities from a rented apartment, it finally got its own building, Khandu said.

Calling the Apex bank authorities to tighten their belts to bring back its lost glory, the CM categorically said that the bank should be business oriented. He called to upright the system of operations so that more and more customers could be attracted.

While recalling its past and the reasons behind the fall of the bank, CM said, corruption in any level will not be tolerated and strictest actions would be initiated. He assured all possible support of the Government.

“Make this financial institution customer friendly and explore more on cashless transactions”, CM advised. In the digital world, technology has to be used to optimum in order to make the bank run, he added while advising to device innovative mechanism to attract customers.

He said, he linked the Arunachal Pradesh Cooperative Apex Bank with Sarkar AapkeDwarProgramme to ensure its reach to the remotest corner of the state. Saying that Apex Bank could play a pivotal role in far flung villages and help the farmers especially in many ways.

Informing that credit deposit ratio is very less in the state, the CM asked the Apex bank to lead from the front to address this challenge. He asked to ensure a foolproof recovery mechanism so that the people start building their trust and the bank eventually becomes their favourite financial institution.

Before ending his speech, Khanduuged the local Legislators PhurpaTsering, KumsiSidisow, DongruSiangju and DorjeeWangdito open accounts in Apex bank to encourage the bank.

Earlier, Apex Bank Administrator Hage Lampung and MD Thongdok gave details of the bank and its functions.

MLAs Jambey Tashi, PhurpaTsering, KumsiSidisow, DongruSiongju and DorjeeWangdiKharma were present on the occasion.

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