Rajlaxmi Multi-State Credit Co-operative Society Ltd.
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Financial Strength

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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.

 

  • News

    Rajalakshmi received various national awards and ISO 9001-2008 certified and state institutions.

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    Organizations receive continuous first trophy in seven years as the ideal institution in the Vidarbha region (multistate) section

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    Upcoming Loan Mela

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    Rajalakshmi the extension work of Maharashtra, Andhra Pradesh province planned: Madhya Pradesh, Goa, Chattisgarh, Gujarat and Karnataka

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    Facility: SMS banking, Internet banking, RTGS, NEFT and DD services available for all cities in India

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    "Raajalakshmee" Introducing deposits and loans on very classic, and attractive interest rates.

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    Now double your money in just 80 months, our "doubles" with the plan

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Contact us

  • info@rajlaxmimultistate.com
  • rajlaxmimultistate@gmail.com
  • 1800-8438-222

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  • About Society
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