NABARD Telangana Deputy General Manager MVSS Srinivas visited the District Cooperative Central Bank (DCCB) in Karimnagar town on Monday. DCCB CEO N Satyanarayana Rao welcomed Srinivas and showed him around the office premises, including the PACS development centre and PACS HR cell.
During the visit, the bank CEO explained the progress and diversification of business activities, such as house loans, educational loans, MSMEs, and farm sector lending. He also shared that the DCCB had received recognition for computerizing all PACS and practicing good governance. The CEO discussed the conversion of PACS into multi-service centres (MSC) in the district and the establishment of common service centres (CSC). Several other officials from NABARD and DCCB were present during the visit.
Later, the NABARD DGM visited the Choppadandi PACS, which is considered a role model in the country for its diversification of business activities. He inspected the computerization of the PACS and other products of the society, which are performing as well as many commercial banks.