On July 32, there was a different rush of closing in banks. Even when the banks were pressuring the borrowers to repay the loan, the borrowers were asking for some time. Seeing that the loan would not be repaid by the end of July, the bankers had requested the Rastra Bank to consider the interest received till July 29 as income from the month of July. The central bank finally fulfilled the demand. After that, from July 1, the banks were busy reminding the borrowers. From Friday, July 15, the bankers started working to get the results in 15 days’ time. Amidst all this turmoil, Kamana Sewa Bikas Bank had not only closed all the accounts on July 16, but had also made all preparations to publish the financial report on July 17. Kamana Seva had made it possible to do the ‘impossible’ for many banks.
Kamana Sewa Bikas Bank becomes first bank to declare dividend
The pace of the service did not stop there. As of August 22, some banks are just publishing their reports, while others are still looking at the accounts. However, Kamana Sewa Bikas Bank has already declared a dividend of {{TAG_OPEN_strong_27 TAG_OPEN_a_30 TAG_CLOSE_strong_27}}. Kamana Sewa Bikas Bank has also become the first bank to declare dividend. Many banks are not in a position to pay dividends. However, Kamana Sewa Bikas Bank has announced a pro-rata dividend of 9 percent to the preference shareholders and 15 percent cash dividend (including tax) to the ordinary shareholders from the date of allotment of preference shares.
The success of the award is ‘undeniable’ in the eyes of regulators and the media{
Recently, ICAN, the regulatory body of auditors, presented the BPA Award. TAG_OPEN_strong_25 Kamana Sewa received the best award in the Bikash Bank category. Kamana Sewa was applauded by everyone for being entitled to the award without controversy.TAG_CLOSE_a_29 Last year too, Kamana Sewa had received the award.
The bank will take action against the banks that have done wrong. Kamana Seva has long been an exception to this. There are many controversies of various banks in the media. Kamana Sewa is also ‘undeniable’ in the eyes of the media. Overall, the results are more than the hype, Kamana Sewa Bikas Bank is proving itself to be superior in the results.
Shareholders are happy to get a quick dividend. The employees are happy that the account has been cleared on time. The bank’s directors and other stakeholders are happy that the bank has become an example of how it should run. Regulators and bank well-wishers are happy that everything is over.
Dinesh Thakali’s ‘Chuppa Kranti’
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Dinesh Thakali, who served as the acting CEO of Shangri-La Development Bank and headed Kamana Sewa Bikas Bank for some time in Prabhu Bank, is the commander of this success. He is not seen much in the media, even though he is in the Bankers’ Association, he has very little opinion on some things publicly. The CEO has done his job, in which he has excelled.
Now he is a character in demand by many because the results of his work are clear. Although he did not say that some commercial banks have offered him the CEO, it has become a topic of discussion in the market. But he is trying to make his tenure a success, and he is waging a ‘silent revolution’ within the bank. Even the officials of the regulator themselves openly praise his working style of ‘working on time’.
Kamana Sewa Bikas Bank has made a net profit of Rs 89.41 crore.
