Post demonetisation, the Bank CD Ratio improved. Presently the CD Ratio of the Bank as a whole is 60% (approx) which is a healthy phenomenon.

The Board has framed its Credit Policy in tune to the Guidelines issued by the R.B.I

The Bank is lending its funds for various productive purposes to help the needy.

Bank is extending Loans & Advances towards

a) Activities allied to Agriculture

b) Small Scale Industries

c) Road Transport Operators

d) Professional & Self employed persons

e) Retail Trade

f) Small Business Enterprises

g) Housing

h) Education

i) Software

Our Interest Rates on Loans & Advances at a Glance

I) Small Scale Industries

(i) Term Loan 14.00 % p.a

(ii) Working Capital 14.50 % p.a

II) Housing 11.50 % p.a

III)Business Development

(i) Upto 25.00 lakhs 14.00 % p.a

(ii) Above 25.00 lakhs and Upto 1.00 crore 13.00 % p.a

(iii) Above 1.00 crore 12.00 % p.a

IV)Vehicle Loan [Four Wheeler]

(i) Purchase of New Car 12.00 % p.a

(ii) Purchase of Second Hand Car (Not more than 5 years old from the date of Manufacturing) All Cadres 13.00 % p.a

V) Gold Loans
(i) Normal 13.50 % p.a

(ii) Commercial 15.50 % p.a

VI) Other Loans

< Rs.1.00 Lakh 14.50 % p.a

< Rs.1.00 Lakh & above 15.50 %p.a

Penal Interest @3%p.a on overdue amount & for non fulfillment of Borrowing Covenants

VII) Repairs/additions/alterations to their dwelling units to Rs.2.00lakh in rural and semi urban areas and Rs.5.00 lakhs in urban areas Interest@ 12%p.a

VIII) Unsecured Loans to Shop Keepers 14.50%p.a

IX) Group Loans 14%p.a

POSITION  FOR MANAGING DIRECTOR / CHIEF EXECUTIVE OFFICER

Inviting Application from suitable , result oriented candidates having Good command over State Cooperative Act provisions & Rules , B R ACT ( AACS ) who fulfills “ FIT & PROPER “ criteria norms as prescribed by RBI for the post of Full time “ MANAGING DIRECTOR/ Chief Executive Officer “ .

The Candidate must be well  acquainted with various  directives & circulars issued by the Regulatory  Authorities  and should  possess updated knowledge on recent trends in Banking  technology .

Age Limit : Between 35 yrs to 65 years as on 15.02.2024

Qualification : The person shall be a graduate, preferably, with

          (a)  Qualification in banking/ co-operative banking such as CAIIB / Diploma in Banking and

Finance / Diploma in Co-operative Business Management or equivalent qualification; or

          (b)  Chartered / Cost Accountant / MBA (Finance); or

          (c)  Post graduation in any discipline.

Experience : Person shall have a combined experience of at least eight years at the middle / senior management level in the banking sector (including the experience gained in the concerned UCB)

How to Apply : 1. Send hand written application . 2. Detailed CV 3. Latest pass port size photo 4. Attested copies of Academic credentials 5. Experience/service certificate 6. Reliving letter from the past employer 7. Present/past pay structure 8. Expected salary .

The appointment  will be subject to terms & conditions as prescribed by RBI based on “FIT & PROPER “ criteria .

Applications for the post of Managing Director/ Chief Executive Officer should reach by mail on or before 23/02/2024, 5.00 p.m

Mail ID – ecub@eenadubankltd.com

                                                                                                                                                      CHAIRMAN