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The Bank was registered in the name of Bihar and Orissa Provincial Co-operative Bank on 16.03.1914 under Cooperative Societies Act II of 1912. Its registration no.267/1913-14. Initially the area of operation of the Bank was Bihar and Orissa both. After separation of Orissa in the year 1936-37 its area of operation was confined to Bihar and its name was changed as Bihar State Co-operative Bank Ltd. in December 1950. After application of Banking Regulation Act 1949 to Co-operative Bank on 1st March 1966 this Bank was included in the second schedule of Reserve Bank of India in the month of July 1966. Earlier, The bank was doing trading business also, but this business was transferred to Bihar State Co-operative Marketing Union after its establishment in the month of June 1958.

The Founder Members of the Bank were as follows:

1.
 Maharaja Bahadur Guru Mahadev Sharan Prasad Shahi (Hathua)
2.
 Raja Bahadur Kritya Nand Sinha, (Banaili)
3.
 Rai Bahadur Harihar Prasad Narayan Singh (Dumraon)
4.
 Raja P.C. Lal (Purnea)

The Bank was established with an initial fund of about three lacs as detailed below:

1.
 Share Capital 0.53 Lacs
2.
 Reserves 0.01 Lacs
3.
 Deposit 2.44 Lacs
4.
 Working Capital 2.98 Lacs

The Bank is presently doing its business through its 14 branches and 30 DCCBs affiliated to it. After bifurcation of Jharkhand from unified Bihar in the year 2000 its five branches are now located in Jharkhand state and 9 in Bihar State. Similarly, out of existing 30 DCCBs affiliated to it, 8 DCCBs are located in Jharkhand State and 22 DCCBs in Bihar State. Since the Jharkhand State Co-operative Bank has not yet been established and Assets and liabilities have not yet been bifurcated, present area of operation of The Bank is Jharkhand and Bihar States both.

The Bank was earlier doing the lending business under Agriculture sector only. But after issuance of guidelines from NABARD regarding non-agriculture finance, the Bank started business under non-agriculture sector in the year 1990. Thus the Bank is presently doing the lending business in Agriculture as well as Non agriculture sector both.

The Bank has increased its business performance substantially during the period of its life of 90 years which is evident form the following data :

1914-15
1919-20
1929-30
1939-40
1949-50
1959-60
1969-70
1979-80
1989-90
1999-00
Share Capital
0.53
1.17
5.77
5.84
4.15
44.56
118.74
237.25
1343.97
1735.74
Reserve
0.01
0.39
4.20
4.77
13.94
16.12
167.56
478.94
3199.71
22193.63
Deposit
2.44
7.39
67.63
51.63
60.70
314.92
670.10
3976.25
21590.43
47671.96
Borrowings
Nil
Nil
Nil
Nil
Nil
Nil
714.20
2074.34
21720.20
8482.24
Working Capital
2.98
8.95
77.63
92.76
319.97
494.93
1670.60
6766.78
52926.66
95798.92

The Bank has increased its business performance substantially during the period of its last Six years which is evident form the following data :

PROGRESS AT A GLANCE.(Rs. In Crore)

SI.NO.
Particulars
31.03.2004
31.03.2005
31.03.2006
31.03.2007
31.03.2008
31.03.2009
31.03.2010
 1
Paid Up Share Capital
18.62
18.10
18.29
18.29
18.38
18.71
N/A
 2
Reserve Fund
195.01
171.14
154.67
228.17
308.49
309.44
N/A
 3
Own Fund
284.96
311.44
338.32
373.58
394.52
396.89
N/A
 4
Provision
54.32
3677
29.15
40.51
35.33
40.68
N/A
 5
Deposit
751.36
939.18
775.40
899.61
838.02
1159.06
N/A
6
Borrowing
69.23
109.05
51.77
29.03
52.95
61.39
N/A
7
Working Fund
1210.89
1476.94
1227.94
1149.14
1405.79
1775.50
N/A
8
Cash & Bank Balance
45.58
1039.98
57.94
91.00
74.73
154.18
N/A
9
Investment
524.93
689.47
527.62
611.25
523.03
867.69
N/A
10
Loans & Advance
489.98
562.37
540.80
628.30
692.95
614.79
N/A
11
Net Profit
114.02
68.41
50.78
6.37
25.95
12.20
N/A
12
Demand(30.06)
624.78
534.46
538.65
478.62
481.49
550.83
N/A
13
Collection(30.06)
321.71
228.01
276.36
178.90
178.25
252.19
N/A
14
% Of Collection(30.06)
51.49
42.66
51.31
37.38
36.38
45.78
N/A
15
N.P.A
252.63
161.23
164.02
267.11
230.20
228.51
N/A
16
% of N.P.A to loans O/S
51.56
28.67
30.33
42.51
39.43
37.17
N/A
17
Cost of Management
5.18
10.11
7.56
6.08
9.60
10.07
N/A
18
% of Cost Management to Working Fund
0.42
0.84
0.58
0.47
0.72
0.67
N/A
19
Financial Margin
2.22
3.15
2.74
4.04
3.19
2.38
N/A
20
C D Ratio
65.21
59.88
69.74
70.00
83.00
53.00
N/A
21
No. Of Branches
14
14
14
14
16
16
16

Bank has improved its operational efficiency during the last 2-3 years. The employees of the Bank are being sent BIRD and other training institutions, for imparting training. Some new recruitment on contractual basis have also been made of the persons having technical qualification like MBA, MCA, BCA etc. to improve the operational efficiencies.

Some other efforts have also been made by the Bank for improvement in the present efficiency of the bank
Premises of Head Office as well as Seven branches namely Bankipur, Maurya Lok, New Sectt., New Market, kanker Bagh, Mushallepur Hat and Nala Road have been renovated. Renovation of other branches is also under progress. The computerization of the functioning of Head Office is also under process.
 
Full computerization for Bankipur, Maurya Lok, New Sectt., New Market, kanker Bagh, Mushallepur Hat, Nala Road,Bistupur, Golmuri, Telco, Hatia and Bokaro branches have already been done. Computerization of other branches are also under process. The computerization of the functioning of Head office is also under process. Thus out of total 16 branches, 14 branches as well as Head Office will be fully computerized by the end of current year i.e. 2009-2010.
 
The Apex Bank has also started Government Security trading to increase its profitability.
 
The Bank has also taken Corporate agency of General as well as Life Insurance from New India Assurance Company and LIC of India respectively to improve its business and profitability.
Sl.No
Particulars
31-03-2001
31-03-2002
31-03-2003
31-03-2004
1.
Paid up Share Capital
19.95
20.04
20.31
18.62
2.
 Reserves & Fund
243.64
229.59
244.76
195.01
3.
 Deposit
570.94
664.86
730.33
751.36
4.
 Borrowing
109.65
110.70
101.59
69.23
5.
 Working Capital
1107.26
1237.00
1300.57
1210.89
6.
 Investment
344.96
389.72
506.21
524.93
7.
 Loans & Advancement
503.75
530.17
540.04
489.98
8.
 Profit during the year
9.40
1.14
1.26
114.02
Rs. in Crore

On perusal of above data it appears that Bank has made a turnaround progress in the year 2003-04. The Bank earned a net profit of Rs. 114.02 crore in the year 2003-04. This could be achieved due to improvement in loan recovery during the year 2003-04. The percentage of collection at the level of The Bihar State Co-operative Bank Ltd. which was 8.7 during the year 1999-00 has increased up to 51% during the year 2003-04. Due to record net profit of Rs. 114.02 crore during the year 2003-04. Bank wiped out its entire accumulated loss of Rs. 97.00 crore and converted its accumulated loss into accumulated profit of Rs. 17.00 crores. Due to good performance made during the year the negative networth of Rs. 44.79 crore as on 31.03.2002 of the Bank turned into positive networth of Rs. 21.85 crore as on 31.03.2004. Thus Bank has resecured the compliance with Section 11(1) of B.R. Act as on 31.03.2004.The Net Profit Of Bank is 68.41 crore as on 31.03.2005, 50.78 crore as on 31.03.2006, 6.37 crore as on 31.03.2007,25.95 crore as on 31.03.2008,12.20 crore as on 31.03.2009

  

 
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