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Deposit of Udham Singh Nagar DCCB crosses Rs 1000 crore

Deposit of Udham Singh Nagar DCCB crosses Rs 1000 crore
DCCB brings NPA down to 1.45% from 2.46%
Despite adverse market conditions, Uttarakhand based Udham Singh Nagar District Central Cooperative Bank has registered growth on all the financial parameters in the 2020-21 financial year. The bank has crossed the deposit base of Rs 1,000 crore.
“The deposits of the bank increased from Rs 964.31 crore to Rs 1061.97 crore whereas loans and advances rose from Rs 633.72 crore to Rs 755.54 crore in the 2020-21 financial year. As on 31st March 2021, the bank’s total business stood at Rs 1,816 crore”, according to the financial figures shared by the bank with Indian Cooperative. ....

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Udhamsingh Nagar DCCB holds AGM; Profit grows

Uttarakhand based Udhamsingh Nagar District Central Cooperative Bank organized its 11th Annual General Meeting in one of the hotels located at Rudraprayag last week.
With no effect of Covid-19 on the business of the bank, in the 2019-20 financial year the bank performed well on all the financial parameters and earned a net profit of Rs 6.69 crore. Earlier i.e. in 2018-19 the bank had earned a net profit of Rs 3.06 crore.
Addressing the AGM, the bank Chairman Yogendra Singh Rawat presented the blueprint for the progress of the bank before the delegates present on the occasion. He informed that the bank will open five branches at Chakarpur, Diyuri, Nanakmatta, Mahuakhera Ganj and Narayan Nagar till the end of the current financial year. ....

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