Commissioner Secretary Cooperative and Chairperson Anantnag Central Cooperative Bank Limited (ACCB), Yasha Mudgal, today chaired a high-level meeting of the Professional Board of Directors at the Civil Secretariat in Srinagar.The meeting was attended by members of the Board of Directors along with the DDM National Bank for Agriculture and Rural Development as special invitee.
Managing Director and Member Secretary, Muzaffar Sultan, delivered a detailed presentation on the bank's financial standing and operational achievements for the 2025–26 fiscal. He highlighted the significant progress across business expansion, deposit mobilization, credit facility enlargement, recovery operations, digital banking implementation and regulatory compliance.
Following the presentation, the Chairperson conducted an in-depth evaluation of the bank's financial and operational data recorded as of March 31, 2026. She emphasized the critical need for sustained efforts to improve the institution's financial health, instructing the management to drive substantial progress across all primary performance metrics.
Yasha Mudgal stated that reducing Non-Performing Assets (NPAs) to standard levels mandated by the Reserve Bank of India (RBI) must remain the bank's top priority. Improving asset quality, she noted, would reinforce financial robustness and unlock essential regulatory clearances and licenses needed for future expansion.
To support the core mission of cooperative banking, the Chairperson directed the institution to broaden its engagement with the farmers and rural populations through its connected Primary Agricultural Credit Societies (PACS). She emphasized that widening credit accessibility for agricultural communities is vital to foster rural development across the region.
Addressing the areas that require accelerated progress, Yasha Mudgal ordered swift, outcome-focused actions to prevent new NPA formation and strengthen the recovery of longstanding overdue accounts. She also directed the management to optimize the Credit-Deposit (CD) Ratio and substantially increase lending within Priority Sector Lending (PSL) categories.
Turning to operational frameworks, the Chairperson mandated that all customer accounts maintain valid nominations to ensure smooth claim settlements. Furthermore, she directed for strict adherence to Know Your Customer (KYC) standards across all branches, reinforcing that the bank must rigorously follow all directives and supervisory orders issued by the RBI and NABARD to preserve transparency and elevate governance.
The Board also deliberated on several key administrative agendas. These included human resource management, promotional opportunities, new recruitment drives, organizational strengthening, governance modernization, and new initiatives designed to boost operational effectiveness and customer service quality.Yasha Mudgal emphasised that unified efforts, professional management and the effective execution of Board resolutions would secure improved financial outcomes.
She urged all Board members and bank management to approach their responsibilities with renewed dedication and shared accountability. She stressed that this collective commitment is essential to amplify the bank’s capacity to support economic growth and rural welfare across the Union Territory.