TMCC’s turnover crosses Rs 27k cr; plans training centre
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Karnataka based Multi State Cooperative Society- Tumkur Merchants Credit Cooperative Limited (TMCC) has crossed a turnover of more than Rs 27k cr in the 2020-21 financial year.
Talking to Indian Cooperative the society Chairman Jayakumar informed that, “It is a joyous moment for us because we have crossed the total turnover of Rs 27k cr. The deposits of the society at the end of the year have increased from Rs 927 crore to Rs 1141 crore registering a growth in this FY”.
“The bank loans and advances increased from Rs 873 crore to Rs 981 crore during the FY 2020-21. he said while underlining the society’s achievements. The society’s Net NPA remains “Zero” at the end of the FY. However, the society has also performed well in the field of earning profit and during the year earned a net profit to the tune of Rs 30.55 crore. Earlier i.e. in 2019-20, it w