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Mangaluru: SCDCC earns record profit of Rs 23.75 crore

  •   Mon, Jun 13 2016 03:55:06 PM

Pics: Spoorthi Ullal

Daijiworld Media Network - Mangaluru (JS)

Mangaluru, Jun 13: South Canara District Central Co-Operative Bank LTD (SCDCC) has earned Rs 23.75 crore net profit for the financial year 2015-16 thereby earning the highest profit in its all time history," revealed the bank's chairman Dr Rajendra Kumar.



Addressing a press meet here at SCDCC Bank head office on June 13, Dr Rajendra Kumar said, "The bank has made the transaction of Rs 5548.58 crore in the financial year and has the aim of making Rs 6,300 crore transaction in the coming year. The bank has got Rs 3,099.11 crore deposit for the year 2015-16. This makes it the first district bank in the state to collect such huge deposits."

"The bank has given a total of Rs 2449.47 crore loan to both agriculture and non agriculture sectors. In the agricultural sector our bank has received hundred percent repayment for the past 21 years. About 55,440 Rupay Kisan cards have been distributed to Mangala Kisan account holders. 25,651 Rupay debit cards have been distributed to other account holders."

"The bank is aiming at launching an internet banking service shortly. ATM machines will be installed at every taluk centre."
  

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Comment on this article

  • raghavendra m k, mumbai maharashtra

    Mon, Jun 13 2016

    this is a great work done by SCDCC BOARD AND STAFF. THIS IS LESSON TO ALL PUBLIC SECTOR BANKS, HOW A DISTRICT CO OP BANK GIVING GOOD LOAN AND MAKE RECOVERY OF 100%. HONESTY, HARD WORK, PROPER PLANING ALWAYS GIVE BACK GOOD RESULTS.

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