South Canara DCCB earns a profit of Rs 34 cr indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.
SCDCC bank achieves record profit of Rs 33.65 crore
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Last Updated: Apr 04, 2021, 11:27 AM IST
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Bank president M N Rajendra Kumar said that despite the impact of the coronavirus pandemic, the bank managed to perform well by securing a record-breaking profit.
The bank has done a total business of Rs 10,100.30 crore with a growth of 19.30 per cent and aims to touch Rs 11,000 crore in the next financial year.
City-based South Canara District Central Co-operative (SCDCC) bank has achieved a record- breaking profit of Rs 33.65 crore in the 2020-21 fiscal, compared to Rs 30.83 crore in the previous year. Bank president M N Rajendra Kumar said that despite the impact of the coronavirus pandemic, the bank managed to perform well by securing a record-breaking profit.
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The South Canara District Central Cooperative (SCDCC) Bank recorded a profit of ₹33.65 crore for the fiscal 2020-2021, said SCDCC Bank Chairman M.N. Rajendra Kumar here on Saturday.
Talking to reporters, Mr. Kumar said that the total business in the bank’s 105 branches in 2020-21 was ₹10,100.3 crore, which was 19.3% more than the total business recorded in 2019-20.
The total deposits for 2020-21 was ₹4,948.34 crore and this was 17.65% more than deposits received in 2019-20. The total advances in 2020-21 was ₹3,712.67 crore of which ₹1,596.04 crore was for short-term loans given in the agriculture sector. As many as 1.19 lakh farmers have been given RuPay Kisan Cards, while 58,910 RuPay debit cards have been given to other customers.
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