UT Administrator contributes Rs 4 crore Share capital to The Daman and Diu State Co-operative Bank Ltd

The Daman and Diu State Co-operative Bank Ltd. received Share Capital contribution from the Administrator of Dadra & Nagar Haveli and Daman & Diu amounting to Rs. 4 crore. This is in addition to earlier contribution of Share Capital of Rs. 2.5 crore on 14th January' 2021, totalling Share Capital to Rs. 6.5 crore by the Administrator of Dadra & Nagar Haveli and Daman & Diu in the Bank. The contribution of Additional Share Capital by the UT Administration of D&NH and D&D will strengthen the moral of the Bank Staff, trust amongst depositors and will improve the financial health of the Bank and also will help in receiving RBI Licence.

The Additional Capital contribution shall also result into increase in CRAR and Capital base of the Bank also. A cheque of Rs. 4 crore of Capital contribution was handed over by Praful Patel Administrator of UT D&NH and D&D in the presence of A.K. Singh, Advisor to Administrator and Gaurav Singh Rajawat, Registrar of Co-operative Societies (RCS) to Karanjit Vadodaria, Administrator of the Daman and Diu State Co-operative Bank Ltd. At the same time, Share Certificate of Rs. 4 crore Share Capital was handed over by Karanjit Vadodaria, along with Devang Desai GM and Prakash Tandel GM representing the Daman and Diu State Co-operative Bank Ltd to Praful Patel, Administrator of UT of D&NH and D&D.

The contribution of additional Share Capital is highly appreciated and the Bank is very much thankful to the UT Administration of D&NH and D&D.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in