KSSFCL trains UCB in loan disbursement and recovery management

Karnataka State Soukharda Federal Cooperative Bank (KSSFCL) organized a one-day training program on loan disbursement and loan recovery management for rehabilitation officers of Soukharda City Cooperative Banks.

The event took place at Suharda Sahakari Soudha, Malleswaram, Bangalore. The program was inaugurated by Smt. Gagana K, Deputy Registrar of Cooperative Societies, Suharda Cooperative Arbitration Court, Bangalore, lit the ceremonial lamp.

In his address, Smt. Gagana emphasized the critical role of recovery professionals in ensuring proper documentation before sanctioning and disbursing loans, emphasizing the importance of diligence in the loan process.

Mr. G. Nanjana Gowda, President, KSSFCL presided over the event and reiterated the organization’s commitment to provide training to all sectors of the cooperative movement. He emphasized that proper legal documentation and obtaining legal opinions are vital for successful loan sanction and recovery.

The event was attended by several distinguished guests including Mr. A.R. Prasanna Kumar, Vice President, KSSFCL, Mr. Nagaraj R. Deshpande, Director, KSSFCL and Mr. Premananda B.P., Assistant Registrar of Cooperative Societies.

Managing Director KSSFCL Shri. Sharanaguda J. Patil delivered the keynote address and Mr. Sivakumar Biradar, Senior Training Officer, welcomed the participants.

The vote of thanks was given by Mr. Sridhar, Assistant General Manager and the prayer on the occasion was conducted by Smt. Renuka M V.

A total of 63 representatives from 16 Suharda City Cooperative Banks participated in the training and shared information on effective loan recovery strategies and management practices.