The Cosmos Co-Operative Bank Ltd., a leading Multistate Scheduled Co-operative Bank in India, has declared its financial results for the financial year, ending on March 31st, 2014, with a net profit of Rs.84.31 crore.
The 108th Annual General Meeting (AGM) of the Bank was conducted on Sunday, June, 22nd 2014 in Pune. The Chairman of the Bank, Mr. Krishnakumar Goyal shared financial statistics with the shareholders on this occasion. Members of the Bank were present for the meeting in large numbers. The Directors of the bank with other senior officials were present too.
The Chairman informed that, as on 31st March 2014, total Deposits of the Bank stand at Rs.14,733 crore and Advances at Rs.10,295 crore. Total business during this financial year has reached the mark of Rs. 25,028 crore.
The financial position of the Bank has further strengthened in this financial year. The reserves and other funds of the Bank stand at Rs.1,368.43 crore and Capital to Risk Assets Ratio (CRAR) is at a healthy 11.59%.
Presently, the paid up share capital of the Bank is Rs. 313.92 crore. Bank’s total investment has reached the figure of Rs. 4,887 crore while the working capital is Rs.16,926 crore, & C.D. Ratio is 69.88%.
Cosmos Bank has a strong financial foundation with 79,387 members and more than 20 lacs depositors and staff strength has 2,841.
The Cosmos Co-operative Bank Ltd. is one of the leading Multistate Scheduled Co-operative Banks in India. The Bank continued to show robust growth in business with strong financial performance indicators. The Bank is operating through 134 service centers across 7 States.