NBC Nidhi Ltd
International Bank Global Opportunity
A message from our Chairman and our MD & CEO
At the outset, on behalf of the Board of Directors, I wish to express my gratitude towards all of our stakeholders, account holders, our highly enthusiastic team of staff and well wishers who have always been with us throughout our journey for last 25 years. Nevertheless, without their utmost support and cooperation, we could not have achieved the position of being one of the leading banking service provider in the Public sector banking sector.
Country has seen a very long phase of downward market trend that lasted for more than 6 to 7 years, and has resulted into shaken faith in investors upon the financial markets. Establishment of the current stable government, has shown steady market growth and positive sentiments in the nations economic stability. It is the time to invest in the market, but we understand that its a tough decision for the investors to select their portfolio in such a dynamic and volatile market.
Looking into the scenario we decided to initiate a process of spreading the awareness about the markets and investment strategies. We are developing a dedicated team to help investor in understanding their goals and objectives behind their investments. The team will work to meet with investors' expectations and help in designing their investment strategies and monitor such investments to achieve their long term goals
Chairman's Message
Since conceptualization of Open House banking model which started way back in 1995, NBC Bank perceived the same idea and came into existence on 20th Feb. 1997 in Meghutola Road.
Taking into consideration the various changes taking place in the Indian banking sector, NBC Bank has always strived to adopt the latest technological advancement and succeeded to be at the forefront in rendering safe, secure and convenient banking facilities to its members. It is and will, relentlessly remain to take all the efforts to deliver innovative and responsive banking products of distinct quality and value thereby nurturing everlasting customer relations on a strong platform of trust and confidence.
It is indeed a feather in our cap to know that NBC Bank is the first bank in cooperative sector to initiate the ATM facility in 1998 at the hands of Honorable Tabla Maestro, Ustad Zakir Hussain. We never looked back thereafter and today NBC Bank is well connected to NFS network offering Rupay EMV ATM Debit card to all its account holders.
With an aim to extend our banking services in Malda city, NBC Bank, in 1999, started its another Branch at Distic Malda West Bengal Of India and thereafter in 2000 & 2003, opened two more Branches at Deolali Camp & in the midst of commercial hub, NH-34 Road, Malda too. Nevertheless, by 2003, we could easily surpass the target of 100 Cr. Deposits with the broadened customer base and thereby win the confidence of our esteem account holders.
In this era of digitalisation, NBC Bank has once again proved to be a forerunner in introducing Mobile Banking, IMPS, BBPS & UPI dynamic banking transaction modules in the Cooperative banking sector in West Bengal Malda . In retrospect, I am well aware that NBC Bank has also witnessed upheavals in the last 25 years of its journey. It has not only enriched us but has instilled confidence in us and are now well fortified so as to geared up to take new leap attaining newer heights. Therefore, look forward to your continuous support and patronage as our NBC Bank embarks on its journey from the most preferred to most favourite!
DIRECTOR'S MESSAGE
We foresee the future of country based in the Aadhaar system, whereby, our country can
be benefited and safeguard leakages and loopholes in the vast government machineries.
Small saving makes country strong. It is an established fact that when the world economy
was in doldrums in last decade, economy of the country was stable and was not cause of
worry. This was achieved only because Indian habitants have the habit of saving. Due to
small savings of every Indian habitant, India could face the financial turmoil with ease.
Towards the same goal, we are also working with Pension Fund Regulatory and
Development Authority (PFRDA) and spreading the awareness about being invested to
safeguard individuals old age. Many people wishes to keep invested but do not wish to
get into the markets directly. National Pension System introduced by Government of
India and regulated by PFRDA is the scheme for all, where focus is not the short term, but long term to safeguard the old age. Regular investments during the earning ages will be made into the scheme to make generate a corpus for pension.
As a corporate social responsibility we are working with Bank of India and Bank of Aryavrat for governments' financial inclusion initiative and the scheme launched by honorable Prime Minister namely "Pradhanmanti Jan Dhan Yojna". We have successfully deployed around 150 people in various locations in West Bengal and have opened around 50,00,000 accounts and serving the people with banking services in remote areas. We are also associated with PFRDA to spread the knowledge about the "Swavalamban Yojna" for the weaker section of the society to inculcate the practice of saving for their old age.
We highly appreciate the "Digital India" move introduced by honorable Prime Minister, encouraging to develop techonologies in India in various domains. E-insurance is a mile stone in the era of demilitarization. The Insurance Regulatory and Development Authority (IRDA) has introduced demagnetization of life insurance policies. We are now associated with Central Insurance Repository Limited and servicing for maintenance of e Insurance accounts
We have already stepped into the field of Information Technology under the unit named Cybeesoft Solutions. Cybeesoft Solutions is working in various domains and developing solutions to help the people in automating their manual processes using IT and mobile technologies. Cybernetics Solutions' Document Management System is one such initiative towards digitising the complete paper work in all kinds of organisations.
To conclude, India is an organization that has been working consistently in providing its customers services as the need of the hour in its journey of more than a decade.
Hope you will cherish an experience called India.
Rojina Banu
(Director)
