Muzaffarnagar DCCB selects 10 PACS for conversion as multipurpose co-ops
DCCB has the approval of 3 petrol pumps; would task PACs with the same
Uttar Pradesh based Muzaffarnagar District Cooperative Bank, which has performed well despite Corona, intends to develop a few short-listed PACS as multipurpose cooperatives. Talking to Indian Cooperative, its CEO Ashok Vardhan Pathak shared the details.
The DCCB has earned a net profit to the tune of Rs 9.75 crore in the 2020-21 financial year, despite Covid-19, the profit being higher compared to the 2019-20 FY. Earlier it was Rs 7.28 crore.
The bank has performed well on almost all the financial parameters and its CEO Ashok Vardhan Pathak sees zero impact of corona on the business. Pathak also talked about new plans to take the bank to newer heights.