Pics: Spoorthi Ullal

Daijiworld Media Network – Mangaluru (NJC)

Mangaluru, Apr 4: Dr M N Rajendra Kumar, president of South Canara District Central Co-operative Bank. Addressed a press conference and announced the bank’s achievements for the financial year 2025–26, stating that the bank has created new records in business and profit.

He said the bank, with a rich history of 112 years, has adopted modern banking facilities such as core banking, mobile banking, UPI and IMPS, making it a model cooperative bank in the country.

During the financial year 2025–26, the bank recorded a total business of Rs 20,226.19 cr, which is a 16.47% increase compared to the previous year. The bank also earned a record profit of Rs 131.14 cr, which is 18.78% higher than last year’s profit.

The bank collected deposits of Rs 9,264.64 cr through its 113 branches and provided loans worth Rs 9,766.75 cr to agriculture and non-agriculture sectors. The bank also achieved 100% recovery in agricultural loans, and this achievement has been maintained for 31 consecutive years, which is considered a national record.

He further informed that the bank has issued 1,44,701 RuPay Kisan Credit Cards to farmers and 92,531 RuPay debit cards to customers. The bank is also planning to open 10 new branches in the coming years.

The bank has received 23 Apex Bank Awards, 19 NABARD Awards, two FCBA National Awards and two Bank Blue Ribbon Awards for its overall performance.

The bank has introduced several modern services including IMPS, UPI payments, mobile banking, tab banking, ATM facilities and Bank on Wheels service, bringing banking services closer to customers’ doorsteps.

The bank has also secured first place in the state in Self Help Group implementation, with 34,765 self help groups.

Dr Rajendra Kumar said the bank will continue to introduce innovative banking services and strengthen rural and agricultural banking in the coming years.