Growth Over The Years

Progress Of Jamia Co-Operative Bank

The growth of the Bank in various aspects since its inception are as under:

• Capital
• Accounts
• Members
• Loans & Adv.
• Dividend
• Net Profit
• Deposits

The Jamia Co-operative Bank was formed at the initiative of Mr. M.F.H. Beg and commenced operation under the Chairmanship of Dr. I.Z. Bhatty. The First branch of the Bank was opened at Batla House, Jamia Nagar, New Delhi-110025 on 28th December, 1995. Right at the beginning the Board of Directors, at the initiative of the Chairman, opted for early computerization of the Bank's operations. For a Co-operative Bank to start computerized banking was a bold decision, which we are happy to say, has paid off rich dividends.

As the Bank worked quite satisfactorily and expanded its business rapidly, the Board of Directors, decided that the time was ripe to open another branch of the Bank. This was done on 11th September, 2000 at Sarai Jullena, Jamia Nagar, New Delhi-110025. It is a testament to the need for a Co-operative Bank in the area that soon the Sarai Jullena branch of the Bank began to expand its business rapidly. This induced the Board to consider opening a third branch. This was done at Abul Fazal Enclave, Jamia Nagar, New Delhi-110025 on 12th July, 2002. It is to the credit of the Bank that it has been able to build a substantial clientele for this branch as well, so that the branch even in a short time is running in profit. On 20th December 2002, Prof. Asad Ali, founder Director of the Bank, become the Chairman. Under his guidance the Bank is making rapid progress and on March, 2009 the fourth branch of the Bank was opened at Madanpur Khadar Extn, New Delhi and fifth branch would be opened soon .

Beside the devotion of the staff, the fact that all the four branches of the Bank are computerized has helped it to attain levels of efficiency that has been a major factor in advancing the business of the Bank and increasing its profit.

We are proud to report that on account of its excellent performance the Jamia Co-operative Bank were awarded by two Shields, in recognition of its merit, by the Government of N.C.T. for the year 2001-2002 and 2008-2009 The progress of the Bank over the twelve years, 1997 to the current year, can be readily seen from the figures presented below.

• Profit: From Rs. 8.28 lacs on 31st March, 1997, to Rs. 282.03 lacs on 31st March, 2009, i.e.34.06 times. Deposits: From Rs. 304.69 lacs on 31st March, 1997, to Rs.5165.72 lacs on 31st March, 2009, i.e.16.95 times.
• Subscribed Capital: From Rs. 66.09 lacs on 31st March, 1997, to Rs. 252.74 lacs 31st March, 2009, i.e. 3.82 times. Membership: From 3897 No. on 31st march, 1997, to 8472 No. on 31st March, 2009, i.e. 2.17 times.
• Loans & Advances: From Rs. 44.68 lacs on 31st March, 1997, to Rs.2276.64 lacs i.e. 50.0 times. Dividend: From 6% on 31st March, 1997, to 18% on 31st March 2009, i.e. 3.0 times growth.
  No. of Loans: From 102 No. on 31st March 1997, to 1083 No. on 31st March 2009, i.e. 10.61 times growth.

It will be evident from the numbers presented that all principal indicators of progress revel a dynamic Bank which is not only growing rapidly, but is also showing progressively improving profitability.

We hope and expect that, with the cooperation of our membership, sustained effort of the staff and the support of our clients, the Jamia Co-operative Bank Limited will continue to grow in size and profitability as it has done in the past