SCDCC bank achieves record profit of Rs 33.65 crore, says Bank president M N Rajendra Kumar
Mangaluru, Apr 4: City-based South Canara District Central Co-operative (SCDCC) bank has achieved a record- breaking profit of Rs 33.65 crore in the 2020-21 fiscal, compared to Rs 30.83 crore in the previous year.
Bank president M N Rajendra Kumar said that despite the impact of the coronavirus pandemic, the bank managed to perform well by securing a record-breaking profit.
The bank has done a total business of Rs 10,100.30 crore with a growth of 19.30 per cent and aims to touch Rs 11,000 crore in the next financial year.
The bank,with 105 branches, has seen deposits of Rs 4948.34 crore, he told reporters here on Saturday
The bank also bagged 19 Apex Bank awards, 17 NABARD awards, FCBA national award for two consecutive years and Banko Blue Ribbon award.
A total of 1,32,832 farmers were given loans under Mangala Kissan credit card and 87,620 beneficiaries availed schemes for accidents under Kisan credit card, he said.
The bank has planned new projects like introducing interbank mobile payment system, internet banking, mobile banking in Udupi, 10 new branches, new building for Siddapur branch, ATM in every taluk and Bharat Bill payment system, Rajendra Kumar said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Govt to set up Bureau of Port Security to boost port, vessel security
New Delhi (PTI): To beef up the security infrastructure of ports, the government will set up a statutory body -- the Bureau of Port Security -- that will ensure timely analysis, collection and exchange of security-related information of ports and vessels, officials said on Friday.
Union Home Minister Amit Shah on Thursday convened a meeting for the constitution of the dedicated body, the Bureau of Port Security (BoPS), which was attended by the Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, and the Minister of Civil Aviation, Ram Mohan Naidu, an official statement said.
Emphasising that there is a need to establish a country-wide robust port security framework, Shah directed that security measures should be implemented in a graded and risk-based manner, taking into account vulnerabilities, trade potential, location, and other relevant parameters.
ALSO READ: Four arrested in cattle theft case after encounter in UP's Kaushambi
The meeting also noted that lessons learned from the maritime security framework shall be replicated in the aviation security domain, the statement said.
The new body, modelled on the lines of the Bureau of Civil Aviation Security (BCAS), will be constituted as a statutory body under the new Merchant Shipping Act, 2025, and will work under the aegis of the Ministry of Ports, Shipping and Waterways (MoPSW), it said.
Headed by a senior IPS officer as its director general, the BoPS will be responsible for regulatory and oversight functions relating to the security of ships and port facilities.
"During the transition period of one year, the director general of shipping shall function as the director general of BoPS," the statement said.
"The BoPS will ensure timely analysis, collection and exchange of security-related information, with a special focus on cybersecurity, including a dedicated division to safeguard port IT infrastructure from digital threats," it said.
The government has designated the Central Industrial Security Force (CISF) as a recognised security organisation (RSO), responsible for undertaking security assessments and preparation of security plans for port facilities.
The Central Armed Police Force (CAPF) will train and build the capacities of private security agencies (PSAs) engaged in port security.
"These agencies shall be certified and appropriate regulatory measures shall be introduced to ensure that only the licensed PSAs operate in this sector," the statement said.
