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Kalupur Co-op Bank beats all odds; earns highest ever profit
Atmanirbhar Gujarat Sahay Yojana a factor in UCB’s growth
The first largest urban cooperative bank of Gujarat- Kalupur Commercial Cooperative Bank has earned a gross profit to the tune of Rs 285.91 crore which is the highest ever in the history of the bank. The achievement is laudable more so as Covid constraints are impeding operations. The UCB has also once again maintained Zero Net NPA for 2020-21 financial year.
Kalupur Commercial Cooperative Bank has also crossed the business mix of Rs 14k crore and performed well almost on all financial parameters. “Now, we are aiming to achieve a business mix of Rs 15,500 crore at the end of current financial year”, said an euphoric Chairman Navnitbhai Patel to Indian Cooperative on the phone.
Rajkot Nagrik Sah Bank registers phenomenal growth of 46%
Huge profit is partly due to Atmanirbhar Gujarat Sahay Yojana
Rajkot Nagrik Sahkari Bank in Gujarat has stood out, netting a remarkable profit of Rs 129 crores and a total business turnover of Rs 8, 276 crores in defiance of Covid 19. The profit counts a whopping 46 percent higher than the profit of last year. This was revealed during the bank’s AGM.
As per the notes presented by the bank chairman Nalinbhai Vasa and the vice chairman Shailendrabhai Thakar, the bank’s total deposit stands at Rs.5,140 crore and total loan at Rs. 3,136 crore. The net NPA of the bank is negligible and will soon reduce to zero, claims the press release.
Nio Inc (NYSE: NIO), and
Xpeng Inc (NYSE: XPEV) may have made their mark on the Chinese consumer, but low-priced EVs are enjoying the mass appeal in the East Asian country.
Huge Customer Base: EVs, such as a $10,000 crossover vehicle made by Hozon Auto, are attracting customers due to lower maintenance costs and a smaller price tag, reported Bloomberg.
“These ultracheap EVs are reaching a new customer in China, as they likely will in other markets as prices come down,” said Siyi Mi, a BloombergNEF analyst.
Widening Choice: Availability of a wider range has the Chinese consumer spoilt for choice. There is the Hozon Auto Neta N01. Also available is the e1 minicar from