Maharashtra based Pune People’s Cooperative Bank has performed well on almost all the financial parameters and registered growth in the financial year 2020-21. The bank has also crosse
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Maharashtra based Pune People’s Cooperative Bank recently shifted its Baner branch in Pune to a prime location at Baner itself.
The branch was inaugurated by Marathe actress Prajakta Gaikwad and Nanasaheb Gaikwad in the presence of eminent dignitaries.
The new branch is equipped with all the latest facilities. The earlier branch at Baner did not have an ATM machine but now this branch is having its own ATM.
Besides, the bank is also planning to amalgamate its Aundh, Pune branch with its new branch. The bank will take RBI’s approval.
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”.