Uttarakhand based Udham Singh Nagar District Central Cooperative Bank earned a net profit to the tune of Rs 7.74 crore in the 2022-23 financial year, revealed in the 14th Annual General Meeting of the bank held on Friday.
The deposits and advances of the bank stood at Rs 1169 crore and 863 crore as on 31st March 2023 respectively. Besides, the reserve fund stood at Rs 222 crore.
On this occasion, the bank Chairman Yogendra Singh Rawat emphasized on the bank’s growth and underlined the importance of the members associated with Udhamsingh Nagar DCCB in the bank’s overall growth. The bank chairman announced an 8 percent dividend for the shareholders.
In his address, Uttarakhand State Cooperative Bank Chairman Dan Singh Rawat urged the bank management and officials to lay special focus on recovery of bad loans.
During the meeting, the bank Secretary S S Napalchayal, PCU Dehradun Chairman Ram Mehrotra, Mukesh Kumar, Charan Singh and others were present.
The program was conducted by senior manager Hari Singh Yadav.
