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TrustCo Reports Another Record Quarter; Net Income of $19.4 Million up 15.5% over the Prior Year Quarter

TrustCo Reports Another Record Quarter; Net Income of $19.4 Million up 15.5% over the Prior Year Quarter
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MIL-OSI: TrustCo Reports Another Record Quarter; Net Income of $19.4 Million up 15.5% over the Prior Year Quarter

MIL-OSI: TrustCo Reports Another Record Quarter; Net Income of $19.4 Million up 15.5% over the Prior Year Quarter
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The following discussion and analysis should be read in conjunction with the accompanying unaudited consolidated financial statements and related notes included in this Quarterly Report on Form 10-Q.. | September 12, 2022

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Formal Financial Outreach in Rural India

The conventional wisdom is that opening up new branches is the best way to extend outreach of the formal financial sector to rural areas. Using a survey data set, this paper challenges the conventional view by concluding that relatively resource-rich rural households from distant locations availed multiple loans from formal lenders rather than the households located closer to

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