About Us
Welcome to Jijamata Mahila Sahakari Bank Ltd.
Jijamata Mahila Sahakari Bank Ltd., Belgaum is approaching its 50th year, displaying a strong commitment to the economic advancement of its members within Belgaum city and the surrounding taluka area. The bank’s primary mission is to foster a savings culture not only among the middle class but also among those in lower-income brackets. By alleviating banking-related apprehensions and promoting financial literacy, the bank aims to provide loans to those in need.
We take immense pride in our esteemed bank, which has consistently demonstrated its reliability. With a steadfast focus on the comprehensive development of the common person, the bank is making significant strides towards progress. This is evident in the organization’s balance sheet and the profit and loss statement presented in the report.
Reserves and other funds
After the approval of the profit division for the reporting year, the bank’s reserves and other funds increased to Rs. 14,77,20,000 / – (Fourteen Crores, Seventy-Seven Lakh, twenty thousand only)
Investment
During the reporting period, the bank made a total investment of Rs. 26,99,46,000/- (Rupees twenty-six crore ninety-nine lakh forty-six thousand only). Additionally, the bank holds a total deposit of Rs. 43,20,58,000/- (Rupees forty-three crore twenty lakh fifty-eight thousand only). Demonstrating the strength and sound management of our bank, Rs. 26,99,46,000/- was invested in various banks, while loans totaling Rs. 32,27,60,000/- (Rupees thirty-two crore twenty-seven lakh sixty thousand only) were disbursed. These statistics exemplify the bank’s robustness and well-maintained status.
Loans
The Board of Directors has adopted the policy of providing loans as suggested by the Reserve Bank. The Bank has contributed to the process of fulfilling the national policy along with the economic upliftment of its members by providing loans for job creation and productivity growth. As the overall development and progress of ordinary women is its goal, the Bank has provided financial assistance to the deserving and budding members of the Bank for business, small business, agribusiness and vehicle purchase etc. On At the end of 31st March 2023, the total outstanding debt of the bank is Rs. 32,27,60,000 / –
Outstanding
As of 31st March 2023, the net NPA of the bank stands at 0%. The bank takes immense pride in achieving a remarkable and record decline in gross NPA, which has been a pivotal focus of the chairperson and recovery committee. This significant reduction has led to the bank’s retention of an ‘A’ grade. Consequently, the bank expresses its gratitude to the committee for their diligent efforts. With consistent financial growth and a consistent ‘A’ audit rating, the bank has maintained a positive trajectory for fifty years. Furthermore, the bank acknowledges its responsibility towards society by implementing diverse cultural and social programs, ensuring both economic and social progress.
Our Management
Your Trusted Partner
Contact Jijamata Bank Today
Jijamata Mahila Sahakari Bank Ltd. Belgaum, Your trusted partner for financial success – Contact us today!