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Visakhapatnam Coop Bank makes ₹73 14 crore profit, declares 12% dividend

Visakhapatnam Coop Bank makes ₹73 14 crore profit, declares 12% dividend
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VCB achieves milestone; crosses business of Rs 6,500 crore

VCB achieves milestone; crosses business of Rs 6,500 crore VCB’s ATMs were operational 24/7 during COVID Lockdown: CEO Amidst Covid-19, the biggest cooperative bank in the entire South India- Visakhapatnam Cooperative Bank has achieved a milestone by crossing the total business of Rs 6,500 crore. The bank has performed well on all the financial parameters in the 2020-21 FY. The total business of the bank has been increased from Rs 6048 crore in 2019-20 to Rs 6,617 crore in 2020-21. The deposit grew from Rs 3680 crore to Rs 3,898 ((10.13 percent growth than last year) and Advances rose from Rs 2,368 crore to Rs 2,719 (14.31 percent growth than last year) as on 31st March 2021.

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