While a huge cast of characters has participated in the making and growth of bank in the past 41 years, a few have had far greater impact than others, substantially changing the way the bank lives today-for better. They have moulded the bank into present shape through their undeniable strength and courage and contributed in great measure to the future of the bank. The whole bank family salutes them and look up to them for future guidance and leadership.
Sh.Mukesh Modi - M.Com (Finance Management)
Ex. Member – Reserve Bank of India – Task Force
National Vice-President – National Federation of Credit Co-operative Societies
National Secretary – Sahakar Bharti
Regional President – Sahakar Bharti, Rajasthan Pradesh
Trustee – Shrimati Sushiladevi Prakashraj Modi Charitable Trust
President – Organizing Committee, Rashtriya Shakti Sammelan, Rajasthan State
Sh. Mukesh Modi pioneered the growth movement of the bank. Under his esteemed leadership, it acquired the status of being first autonomous bank in Rajasthan. Considering critical financial and operational parameters, the bank has emerged as a leader among co-operative banks in Northern India. In 2000, he took upon the executive leadership of the bank as a Managing Director. Since then, the Bank achieved a growth rate of 107.9% setting a benchmark of excellence among co-operative banks. Sh. Mukesh Modi a committed banker with a sharp focus on not only quality lending but also on strong recovery. Since 1994, due to his sustained efforts the percentage of overdue loans has constantly come down from 14.50% to 1.42%. The level of net NPA is maintained below 3%.
He has founded the Adarsh Credit Co-operative Society Limited and the Urban Co-operative Banks Federation. He seeded and catalyzed the growth of the co-operative movement in Rajasthan, by facilitating the formation of co-operative societies all over the state. Fueled by an undeterred intention to drive the economic growth engine by an inclusive growth of the rural economy, he spearheaded various initiatives. For rural entrepreneurship, Mr. Modi, provided strategic vision and brought operational excellence to the Adarsh Bank and various other institutions. He recognized the importance of regulatory compliance’s and put in stupendous efforts to build internal organizational efficiency to ensure fairness to all the stakeholder’s.
“The bank is very aggressively contemplating pan India presence in a very short span of time through organic or inorganic growth. On the products/offering front, bank intends to make available services like Internet Banking, Mobile Banking, ATM Facility, Demat Services, Foreign Exchange Services, Micro Banking, ECS facility. It also contemplates offering services like Mobile Money where in transacting using mobile phones would become possible. All these efforts aim to provide convenient, efficient, and high quality banking experience to the customers, comparable to world class standards. And these efforts have certainly not gone waste, the bank has earned the distinction of securing 9th position pan India and 1st position in Rajasthan state based on last 3 years of its financial performance scoring 69% marks, award was conferred in 23rd India Achievers Summit held in New Delhi. But the biggest award that has got conferred on the bank is that of unshakable faith and trust laid in it by our esteemed and valuable customers.”
Mr. Modi had been kind enough to extend his attention and wealth of experience for the mentoring and development of the team, at the bank.