SUCO Bank achieves impressive growth; business & profit register rise
Dy CM recently launched UCB’s Start-up to Self-Employment scheme
Beating Covid 19, Karnataka based Suco Souharda Sahakari Bank which is popularly known as “SUCO Bank”, has achieved a business mix of Rs 1346 crore in the 2020-21 financial year which is higher in comparison to the 2019-20 FY. Besides this, the bank has also earned a handsome profit of Rs 3.35 crore despite several challenges due to adverse market conditions.
Talking to Indian Cooperative, the bank Chairman Mohit Maski said, “The 2020-21 financial year was satisfactory in comparison to the previous financial year. We have registered growth almost on all the parameters but I am disappointed that our bank has failed to achieve the proposed target set to disburse loans due to lockdowns and other challenges”.