comparemela.com

Latest Breaking News On - Business mix - Page 9 : comparemela.com

City wants input on future of Centennial Park

City wants input on future of Centennial Park
sprucegroveexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sprucegroveexaminer.com Daily Mail and Mail on Sunday newspapers.

Pune People s Co-op Bank performs well; Both business & profit grow

Despite the Covid-19 challenge, Maharashtra based Pune People’s Cooperative Bank, a Multi-State Bank has performed well as both its business and profit registered a growth in the financial year 2019-20. The bank has also crossed the deposit base of Rs 1200 crore in the third quarter of the current FY. The bank’s total business increased from Rs 1,772 crore to Rs 1,837 crore as on 31st March 2020. The rise in the profit is slight and it has increased from Rs 12.52 crore to Rs 12.64 crore in the 2019-20 financial year. One of the directors Adv. Subhash Mohite who is also the Chairman of Pune Urban Cooperative Banks Association said, “We have seen no impact of Covid-19 on our business and from deposits to loans and advances to profit and on others financial parameters, the UCB has performed well. Even till the end of third quarter of the current financial year we have crossed the deposit base of Rs 1200 crore”.

Bombay Mercantile Co-op Bank becomes the first to have BoM

Though the majority of co-operators associated with the Cooperative banking sector oppose RBI’s dictate on the constitution of Board of Management in addition to Board of Directors for the UCBs, Maharashtra based Bombay Mercantile Cooperative Bank is the first to follow RBI direction and constitute BoM. The UCB has recently constituted the Board of Management (BoM) with six members. It has an IT Specialist, Chartered Account, Advocate and others. “Pursuant to the recommendations of the Malegam Committee, RBI had issued guidelines for UCBs to constitute a BoM in addition to BoD for the UCBs. In this context perhaps, our bank is the first UCB in the country to constitute BoM, following the deadline set by the RBI”, said M. Shah Alam Khan.

Award winning Krishna District Co-op Bank performs spectacularly

Andhra Pradesh based Krishna District Cooperative Bank has done a spectacular work in the 2019-20 financial year and has registered a growth on all the financial parameters. The bank business stood at Rs 5,686 crore as on 31st March 2020 and it aims to cross the business mix by Rs 6k crore at the end of the current FY. Talking to Indian Cooperative correspondent in Mumbai during the Nafscob event held recently, the bank Chairman Yarlagadda Venkata Rao said, “Registering overall growth we intend to take the co-op bank to newer heights. Specially we are focusing on the latest technology for making banking easier”, he added.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.