JAMMU, Oct. 15 -- Commissioner Secretary, Cooperative Department, Yasha Mudgal has directed the Baramulla Central Cooperative Bank Limited (BCCB) to intensify recovery of non-performing assets (NPAs), strengthen loan assessment procedures and improve financial discipline as part of efforts to revive the bank.
The directions were issued during the bank's fifth Annual General Meeting (AGM), chaired by Mudgal in her capacity as Chairperson of the Professional Board of Directors. The meeting reviewed the bank's functioning and measures required to improve asset quality and restore public confidence.
During the statutory proceedings, the AGM unanimously adopted the bank's audited financial statements, including balance sheets and profit and lo...