News & Pics: Rons Bantwal
Daijiworld Media Network – Mumbai (RD/VA)
Mumbai, Aug 1: The annual general body meeting of metro-based Model Co-operative Bank was held at St Xavier’s Engineering College, Mahim (West) here on Sunday August 1.
The Bank chairman Albert W D’Souza presided. Speaking on the occasion, he said that the cooperative banks should target the youth whose population is significant in the country in order to empower them economically and encourage them to start enterprises. The chief objective of Model Co-operative Bank will be realized, by meeting the financial needs of general masses, which would bring prosperity to them, he added.
He announced on the occasion that the bank will open its new branch at the suburban Vasai shortly. The inter-banking facility has already being incorporated in the bank. The customers also need to respond favourably to the changing times, he urged. The Bank has announced 11 percent dividend to the share holders, informed D’Souza.
John D’Silva, founder chairman of the bank said that efficiency of bank and its branches is more important to carry out the set mission in empowering the common masses in the society, than the rankings and profits.
He urged the bank to encourage the youth to realize their dream of beginning enterprises. The positive response by the bank also contributes for achieving the bank to get top place among co-operative banks in the country, added D’Silva.
Fr Felix D’Souza, parish priest of St Blasé parish, Amboli offered the thanksgiving holy mass and delivered a meaningful homily. Kenneth Sequeira assisted in the choir.
Model Co-operative Bank has its head office in Fort and administrative office at Kalina, Santacruz (East), here. The bank has 10 branches including in the metro and sub-urban Vashi, Mira Road and Thane district.
The bank directors Prem Aranha, Prakash Fernandes, Vincent Mathias, Lazarus Menezes, chartered accountant Paul Nazareth, Philip Pinto, William Sequeira, Sanjay Shinde, Marita D’Mello, Benedicta Rebello, metropolitan police former commissioner Ronald H Mendonca and George Castelino were present on the dais.
Edward Rasquinha welcomed the gathering. The bank CEO Frank L Louis read the report of last annual general body meeting. Deputy general manager William D’Souza presented the annual account and proposed the vote of thanks.