Jammu, Mar 16: Commissioner Secretary of the Cooperatives Department, Yasha Mudgal, chaired a high-level review meeting to revamp the operational and financial framework of the Baramulla Central Cooperative Bank (BCCB).

Senior officials, including Registrar of Cooperative Societies Mohammed Shafiq Chak, Director Finance, NABARD’s Assistant General Manager Ravi Shankar Sharma, and branch heads attended the meeting. BCCB MD & CEO Dr. Khalid Malik presented a detailed overview of the bank’s financial position, asset quality trends, deposit mobilisation, branch performance, and achievements against annual targets.
Mudgal stressed the need to move from passive management to proactive, growth-oriented, and compliance-driven strategies. She directed intensified recovery efforts to reduce Non-Performing Assets (NPAs), with branches exceeding recovery targets through innovative methods. She urged direct engagement with defaulters and fostering a repayment culture among borrowers.
For branches near NPA thresholds, a strict two-to-three month timeline was set to restore acceptable asset quality and profitability. Simultaneously, Mudgal instructed aggressive credit expansion targeting agriculture, allied sectors, small-scale industries, micro-enterprises, and individual entrepreneurs to strengthen the bank’s balance sheet and boost economic activity in north Kashmir.
Emphasising transparency, accountability, and efficiency, Mudgal called for accelerated adoption of core banking technology, digital banking, and paperless processes to reduce leakages and enhance service standards.
She highlighted that BCCB’s turnaround is crucial for the financial stability of the cooperative ecosystem and the economic well-being of farming families, artisans, small traders, and self-help groups. Mudgal urged employees to make the bank resilient, transparent, professionally managed, and customer-centric, restoring the confidence of depositors and members.