mr. shrinivas d. joshi - 037419 mr. shrinivas d. joshi - 037419 ca business achiever - financial...

Mr. Shrinivas D. JoshiMr. Shrinivas D. Joshi - 037419 - 037419 Mr. Shrinivas D. JoshiMr. Shrinivas D. Joshi - 037419 - 037419

CA Business Achiever - Financial CA Business Achiever - Financial ServicesServices

CA Business Achiever - Financial CA Business Achiever - Financial ServicesServices

Chief Executive Officer – The Shamrao Vithal Co-operative Bank Ltd.

• Business Turnover of the Bank: Rs. Business Turnover of the Bank: Rs. 12677.49 Crores12677.49 Crores

• Net worth of the Bank: Rs. 545.88 CroresNet worth of the Bank: Rs. 545.88 Crores

KEY ROLE IN THE ORGANIZATIONKEY ROLE IN THE ORGANIZATION

Setting vision for the organisation Setting vision for the organisation and achieving goals set for the and achieving goals set for the organisation and motivating the staff organisation and motivating the staff of the organisation to excel in the co-of the organisation to excel in the co-operative banking sector operative banking sector

MAJOR ACHIEVEMENTS AS A TEAM MAJOR ACHIEVEMENTS AS A TEAM LEADERLEADER• In spite of various limitations in Co-operative Banking Sector In spite of various limitations in Co-operative Banking Sector

for expanding business the bank could successfully march for expanding business the bank could successfully march ahead and make astounding progress during the tenure of ahead and make astounding progress during the tenure of present CEO.present CEO.

• Business of Bank increased by about 21/2times in 4 ½ yearsBusiness of Bank increased by about 21/2times in 4 ½ years

• Profit increased by 4 fold.Profit increased by 4 fold.

• Return on Asset increased from 0.68% to 1.10%Return on Asset increased from 0.68% to 1.10%

• Gross NPA reduced substantiallyGross NPA reduced substantially

• Net NPA reduced to less than 1% Net NPA reduced to less than 1%

• No. of Branches doubled.No. of Branches doubled.

• Expansion made in 4 additional States. Expansion made in 4 additional States.

• Strong Executive Team build up.Strong Executive Team build up.

MAJOR ACHIEVEMENTSMAJOR ACHIEVEMENTS• Successful turnaround of 3 major weak Co-operative Successful turnaround of 3 major weak Co-operative

Banks acquired through merger and fruitful merger of a Banks acquired through merger and fruitful merger of a 44thth Cooperative Bank. Cooperative Bank.

• Bank has been able to retain its position as the 3Bank has been able to retain its position as the 3rdrd largest Co-operative Bank in the nation for the past largest Co-operative Bank in the nation for the past many years many years

• Bank is the only co-operative bank which has Bank is the only co-operative bank which has permission from Reserve Bank of India to sell its in-permission from Reserve Bank of India to sell its in-house developed “Genius” Softwarehouse developed “Genius” Software

• Setting up of International Banking Division for Setting up of International Banking Division for independent Foreign Exchange operation after receiving independent Foreign Exchange operation after receiving Authorized Dealer Category-AD -I license from Reserve Authorized Dealer Category-AD -I license from Reserve Bank of India.Bank of India.