Gujarat Co-Op Banks Bag Nabard Awards

The Rajkot District Central Cooperative Bank (RDCCB) has been selected as the best performing bank out of the 18 DCCBs in Gujarat for 1999-2000 under National Bank for Agriculture & Rural Development's (Nabard) Best Performance Award Scheme for Cooperative Banks.

Nabard chief general manager Sukhbir Singh said RDCCB won the award for the third time, having bagged it earlier in 1996-97 and 1998-99.

Among the cooperative banks operating in the dry land areas of the state, the Amreli Jila Madhyastha Sahakari Bank (AJMSB) has been selected as the best bank for 1999-2000, Singh added.

Both these banks would be presented with cash awards of Rs 5 lakh each by the Union finance minister Yashwant Sinha at a function to be held at the Indian Habitat Centre in New Delhi on July 12, the foundation day of Nabard.

Singh said the awards were instituted by Nabard in 1996 in a bid to motivate the functionaries of cooperative credit institutions to excel in their performance and also to inculcate the spirit of competitiveness. Meanwhile, the award for dry land areas has been instituted from the current year, he added.