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Nizam’s Anjuman Bank turns 100 years
The proud and historic building which once housed the Nizam government-run Anjuman Bank that turned 100 years recently is a symbol of its past glory and controversy-ridden present.
Hanamkonda (Warangal Urban): The proud and historic building which once housed the Nizam government-run Anjuman Bank that turned 100 years recently is a symbol of its past glory and controversy-ridden present.
What is agonising is that the bank that christened as District Central Cooperative Bank (DCCB) decades ago is not in a position to celebrate its centenary. Thanks to the state-of-affairs that led to the dissolution of the DCCB governing body in its centenary year.
A peek into the bank’s history gives us the evolution of Anjuman Bank established exclusively for farm loans. The bank, which got underway on August 4, 1917, used to dispense crop loans to farmers based on the recommendations of the village societies that were invariably dominated by the Patel-Patwari system, a predominant structural feature of village administration in Telangana region.
The bank continued to serve the people in the name of Anjuman Bank even after the Indian Independence. Up and till, it was called as Service Cooperative Bank. Thereafter NT Rama Rao introduced ‘Single Window’ scheme in 1987 for the integration of all activities undertaken by the Primary Agriculture Credit Cooperatives (PACs) at the village level. Since 1990, the bank is known as DCCB.
The bank which dispensed farm loans just Rs 100 in its initial years now has extended to Rs 2 lakh per each member.
Speaking to The Hans India, Giri Siddaiah, who had been with the bank from 1970 to 2006 and retired as a manager, said: “There is a phenomenal change in the banking operations through the decades.
Initially, there was gross misuse of funds with dominant sections influencing the farm loans.” Elaborating further on banking operations, he said that there were times that people used to fear of banking officials attaching their property if payment of loan is delayed.
DCCB Assistant General Manager (Loans & HRD) T Ravinder said: “The bank once established to dispense just crop loans gradually expanded its horizon to poultry, dairy, education, mortgage, automobile and security overdraft loans.”
However, financially the bank is doing well for the last six to seven years with a turnover of around Rs 800 crore, the bank is facing a turmoil with the politics creeping into the functioning of the bank amid allegations of irregularities against the governing body.
It may be noted here that the government dissolved the governing body recently. However, the 100-year-old lime mortar building that carried a legacy of the pre-independence is overshadowed by a posh edifice constructed in 2011, the old-timers of the city still remember it fondly.
