DCCB CEO presented Best CEO award

Kakinada: District Cooperative Central Bank Chief Executive Officer, Manchala Dharma Rao was selected for Best CEO award and also Best Performance Award in the country by the Banking Frontiers of Mumbai.

Dharma Rao received the award from the Cooperative Minister of Goa. The Banking Frontiers of Mumbai received nominations for the award from 300 cooperative banks in the country and East Godavari was selected for best performance award.

Dharma Rao is working as CEO since 13, July, 2016 and he raised the bank funds to Rs 208 crore from Rs 113 crore and increased the deposits to Rs 1231 crore from Rs 680 crore and standing loans reached to Rs 2500 crores from Rs 1256 crore from July 2016 to 31, March, 2019.

Bank turnover was increased up to Rs 3733 crores from Rs1936 crore with 93 per cent growth and the RAR rate of the bank reached to 10.42 per cent from 8.62 per cent with 20.88 per cent increase.