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Uttar Pradesh’s apex bank Uttar Pradesh State Cooperative Bank (UPCBL) has registered growth on all the financial parameters in the 2020-21 financial year. The bank crossed the total business of Rs 17k crore and earned a net profit of Rs 45 crore, amidst Covid-19.
From earning profit to increasing its deposit base to disbursing loan to controlling NPA, the bank has shown a remarkable performance. While other co-operative banks are grappling with the problem of NPA due to Covid-19, UPCBL has once again been able to control its NPA level.
Talking to Indian Cooperative the bank’s Managing Director Bhupendra Vishnoi said, “There is no adverse impact of Covid-19 on our business, we were able to perform better in the 2020-21 FY with the support of our members and management.”
Uttar Pradesh based Fatehpur Zilla Sahakari Bank organized its 82nd Annual General Meeting last week, in which UP State Cooperative Bank Managing Director Bhupendra Vishnoi announced plans to give Rs 10 crore to the co-ops for giving loans.
The eight crore and two crore will be disbursed to farmers through PACCs and Salaried co-ps, he said while addressing the AGM.
On the occasion, bank president Rashi Sukhla urged the members to repay their dues. He told the people associated with cooperatives about the efforts taken for the upliftment of the bank.
Bank’s general manager Avesh Pratap Maurya presented a progress report for the last three years.