"1st prize in Prestigious Ideal Society in Vidarbha Region and 1st Prize Winner in the competition organized by State Credit Co-operative Federation"

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1st prize in Prestigious Ideal Society in Vidarbha Region and 1st Prize Winner in the competition organized by State Credit Co-operative Federation.

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Financial Strength

Although the RBI norms are not extended to Societies, being a Multi-State Credit Co-operative Body, the Society has, voluntarily decided to follow the discipline of RBI  Regulation on acceptance of Deposits – KYC guidelines under PML Act 2002, & extension of Credit as per Credit Policy (Credit Appraisal, Credit supervision, & Management, NPA & Exposure Ceiling Norms) applicable to all Banks and Financial Institutions to step in to the shoes of Financially Sound and Well Managed (FSWM) Institutions. 

 

In Banking Business, the Deposits are liabilities & Advances are Assets. Hence while deploying the Deposits in Advances; the society has prime consideration that the Advances should be performing. Out of 100 % advances, the society has disbursed 93 % secured advances & 7 % Unsecured Advances, i.e Personal Loans, on the basis of borrower’s repayment capacity and their experience.

 

For all-round development, the society had a formula planning in collection of Deposits and deposits and disbursement of advances, through a Tine Bound Development Plan, prepared by the management, to obtain effective recovery & to disburse the Advances to members having repayment capacity & experience. This has helped the society to control its NPA and increase income, thereby achieving a record CRAR at 15.90 %. This establishes that the society is financially strong & protected. As per RBI norms the CRAR adequacy should be  9 % ; the higher the CRAR, stronger is the position of Institutions.

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Upcoming Branch Ghatanji

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RAJLAXMI MULTISTATE GOT FIRST PRIZE FROM 'VIDARBHA CREDIT CO. OP FEDERATION' Successive Six Times.

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INCOMING RTGS / NEFT FACILITY ALSO AVAILABLE

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RAJLAXMI GOT  SAHAKAR SUGANDHA AWARDS - 2012

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NOW DOUBLE YOUR MONEY IN JUST 70 MONTHS WITH OUR DMD2 PLAN

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Rajlaxmi offers very smart interest rates on Deposits & loans

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Facility: SMS Banking, ATM, Internet Banking, RTGS, NEFT and DD

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Operation area of Rajlaxmi are Maharastra, Andhra Pradesh, Madhya Pradesh, GOA, Chhattisgarh, Gujarat and Karnataka

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Rajlaxmi now MultiState and  ISO Certified organization  9001-2008.

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 1st prize in Prestigious Ideal Society in Vidarbha Region Constantly five year…….

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