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| Departments and Functions of MSCB's Administrative
Office |
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CFA Dept. caters the financial needs of all DCC Banks
under various refinance schemes of NABARD. CFA specifically
deals with sanction (new and review) of credit limits
to the District Central Cooperative banks. These loans
are disbursed through the regional offices and utilisation
position / operations are reported to the department
for control purpose. The DCCBs also submit their balance
sheets, other financial statements and various reports
to the department for perusal, consolidation and forward
submission to NABARD / RBI etc. This department also
liasions with NABARD for refinance purpose and gets
necessary government guarantees thereof. CFA also deals with processing of medium and long term
loan proposal of Farm and Non-Farm sector from District
Central Co-operative Bank's (DCCB) under schematic
lending and seeking NABARD's sanction thereof. The
CFA also does the supervisory control through the
Institutional Development Cell. Its technical cell
helps in the techno-economical and General Administrative
appraisal of the Projects from DCCBs for medium and
long term finance. It takes up viable projects for
NABARD sanction and refinance after getting the Government
Guarantees wherever required.
Swarnajayanti Gram Swarozgar Yojana (SGSY), the scheme sponsored by Govt. Of India is implemented through this dept. Further, bank has started an innovative scheme for the co-op. Institutes of Mahila Co-op Societies.
Email: m_cfa@mscbank.com
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AIC Dept provides direct finance to co-operative processing
units like Sugar Factories / Spinning Mills / Oil
Mills, Marketing Co-operatives and other cooperative
Industrial Units. AIC dept. processes credit requests
from sugar and other processing societies, weavers'
societies besides other apex bodies like Marketing
Federation, spinning mills etc. Both Term Loan as
well as working Capital loan requests are sanctioned.
These loans are also disbursed throught the regional
offices and utilization position / operations are
reported to the department for control purpose. Wherever
required, stock statements, inspection reports are
prescribed and obtained for control purpose and ensure
proper utilization of funds, periodical review reports
to the Board of Directors are also submitted. The
department also includes a 'Recovery Cell' to closely
follow up difficult-of-recovery accounts so as to
recover the old dues expeditiously. The department
also takes care of the loan documentation including
obtaining of third party guarantees and creation of
charge on the immovable assets as per the terms of
sanction.
Type of Loans:
1. Working Capital Loans
- Clean Cash Credit
- Hypothecation CC
- Pledge CC
2. Pre-seasonal
3. Interim loan / Temporary Loan
4. Term Loan
Email: m_aic@mscbank.com
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UBD provides finance to urban co-op banks in the state
under RBI and SIDBI Schemes and from own funds. The
Urban banking department's work relates to financing
of the Urban Cooperative Banks by granting them loan
facilites. The funding is done through own funds of
the bank. The advance given by the bank is to refinance
the urban cooperative banks for their advances to
the members against hypothecation / pledge of goods
and / or ornaments but not the machinery, vehicle
or house. However in case of financing provided under
the special schemes of NHB, RBI, SIDBI, refinance
is availed of from the respective agencies. Annual
review of facilities sanctioned by this department
is placed before the board.
Email: m_ubd@mscbank.com
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Corporate Planning and Institutional Development (CPID) Department was formed in Oct 2007 with a view to suggesting measure to transform the Bank into a vibrant and strong institution that would lead its client institutions in the process of economic activities, to achieve socio-economic development through co-operative process with special reference to those in the countryside.
CPID Department is required to carry out policy related functions viz. defining mission of the Bank, policy formulation, preparation of schemes for business and support services, suggest innovations in systems and do i n-depth analyses of problems through research. Further the functions related to preparation of Bank profile, financial statements and annual report, data analyses & interpretation and address Banks publicity needs to be attended by this department.
So far, this department has drawn up schemes for directly financing Self Help Groups (SHG) through branches, direct finance to SHG federations & processing units with majority women members for micro and small enterprises refinance for sericulture through DCC Banks and r ating based on the performance of borrowing units. Further this department has played major role in organizing sale exhibition of SHG products at Vashi in the Bank’s premises and a workshop on sericulture which had participation of farmers and representatives of DCCBs.
Email: m_cpid@mscbank.com
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IAD plays the supervisory role over the borrowing
units through the divisional offices. The observations
on the inspection reports are communicated to concerned
units. Control on inspection machinery of the
Divisional Offices of the Bank by way of Inspection
program formulation & its control, approval of
their TADA bills. Evaluation of Inspection reports
of the IO's and issuing of guidelines / directives
for corrective measures to respective borrowing units
/ IO's / Divisional offices. Information providing
to management for decision-making.
Internal Audit Deptt. submit the quaterly audit memos of the respective units to Audit compliance cell. After receiving audit memos, audit compliance cell persue with the respective units for the compliance. If the compliance is not found satisfactory, re-compliance is also called from the concerned units. Compliance reports of Government Audit memos and internal audit memos and compliances of NABARD Core Area issues / quick / Statutory inspection are placed before the audit sub-committee and BOD for its approval.
This facilitates effective check and control over the day to day working of the Bank and immediate rectification .
Email: m_iad@mscbank.com
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Recovery Dept. consolidates the recovery effected
from accounts of direct borrowers. Further the work
of assessment of NPA, provisioning towards the accounts
in NPA, obtaining Security of loans by way of property
mortgages, Lien creation, etc. legal proceedings for
recovery of overdue amounts, Bank and Management Information
System formulation / its maintenance regarding NPA
loans is undertaken at Recovery Dept.
Email: m_recovery@mscbank.com
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This department undertakes the continous and concurrent
audit on quarterly basis of all branches, Regional
Offices, Pay Offices and Divisional Offices except
in Nagpur Region. A separate provision is made for
the internal audit for Nagpur regional / Divisional
Office and Branches under it. However, test audit
of Nagpur RO and its affiliated offices / units are
undertaken by the internal Audit Dept of Administrative
office, Vashi.
The audit of income and expenditure, drawals and balance
sheet and its statements is the prime and main work
of this department. The pre-audit of major items of
expenditure, provident fund, gratuity, income tax,
TA / DA etc is carried out on priority basis.
Email:
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| Administrative Office Address |
| Address |
Plot No. 88, Sector No. 17, Vashi,
Navi Mumbai - 400703
P. O. Box No. 29 |
| Phone |
+91 022 27892340, 27890329, 27890458,
27890470/4923 |
| Fax |
+91 022 27895040 |
| Email |
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