Devika Urban Co - Operative Bank LTD.
Udhampur, J&K

POLICIES REVIEWED  

• Loan Policy
• Investment Policy
• Recruitment/Promotion Policy
• Statutory auditor policy.

NEW POLICIES INTRODUCED

• Long Term Policy/ Vision Document
• Staff Accountability Policy
• KYC Policy
• Asset Liability Management (ALM)Policy
• Recovery Policy
• Transfer Policy

New  Committees Framed

• Loan Committee
• Investment Committee
• Purchase Committee
• Audit /Inspection Committee
• ALCO Committee
• Recovery Committee
• Budget Committee
• Staff Committee

RECRUITMENT / PROMOTIONS 
With the opening of Banks Branches. The present management has provided job opportunities to the local youth of District Udhampur and has thus make recruitment of nine Cashier-cum-Clerks, One IT Engineer & four Peon/Messengers. This ultimately has resulted into promotion of some staff members to Scale-I level and Cashier-cum-clerk. Present Board had promoted five Cashier-cum-clerks to the level of scale-I Officer & one peon/Messenger to the post of Cashier-cum-clerk.