Pravara Sah Bank’s financial parameters improve vastly in 20-21
UCB registers rise on several parameters in 20-21 compared to 19-20
The financial background of Maharashtra based Pravara Sahakari Bank for the year 2019-20, as published by Indian Cooperative was not impressive. Reading our news item, the UCB, which has done reasonably well this year (2020-21) has shared some details. Being an open platform where two-way communication is possible, we have no problem in publishing their latest financial reports
-Editor
Maharashtra based Pravara Sahakari Bank which was grappling with the rise in NPA levels, has succeeded in controlling it to a great extent in the 2020-21 financial year, amidst Covid-19.
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”.
To beat the adverse market conditions, Karnataka based SUCO Souharda Sahakari Bank has launched the ‘Start-up to Self-Employment’ scheme to develop start-up business which was affected during the Covid-19 Pandemic. The scheme was inaugurated by Karnataka Deputy Chief Minister Sri Ashwatha Narayana.
Talking to Indian Cooperative correspondent bank Chairman Mohit Maski said, “Under the Start-up to Self-Employment scheme, we have tied-up with three organizations and given a chance for people to start their own business. These are Bat Fly- Battery Refurbishing, Samvita- Primary Health Care Diagnosis Kit and NEERAW- Naturally Sourced Health Drink”.
“The Bat Fly scheme allowed the people to start the business of lead batteries which is the most commonly used medium of energy storage. For this, our bank has tied up with Bangalore based Banashree System Private Limited and offering an opportunity for entrepreneurs to open battery refurbishing points’ ‘, Maski added who has be
UPI Help will assists users to register complaints online through the BHIM UPI app.
UPI-Help: In a bid to strengthen a transparent dispute redressal mechanism, the National Payments Corporation of India (NPCI) has launched a new ‘UPI-Help on the BHIM UPI. According to a statement released by NPCI, the initiative is a part of the Digi-Help stack. The redressal mechanism through UPI-Help will provide a superior, hassle-free experience of issue resolution for the BHIM UPI app users. UPI Help will assists users to register complaints online through the BHIM UPI app. It will also resolve complaints online for person-to-person transactions. According to the NPCI, the new UPI-Help will assist BHIM UPI users to avail the following: