Karimnagar District Cooperative Bank (KDCCB) has set a new milestone in the financial year 2024-25 by crossing a business mix of Rs 7,000 crore and recording its highest-ever gross profit of Rs 119.31 crore.
The bank, headed by Chairman K. Ravinder Rao, who also serves as the Chairman of NAFSCOB, has achieved remarkable growth across all financial parameters.
The bank’s deposits increased from Rs 2,528.90 crore to Rs 2,848.92 crore, reflecting a growth of Rs 320.02 crore (12.65%). Similarly, advances saw a rise from Rs 3,973.34 crore to Rs 4,458.27 crore, marking an increase of Rs 484.93 crore (12.20%). As a result, the total business of KDCCB grew by Rs 804.95 crore, registering an 11.15% increase.
Despite this expansion, the bank successfully maintained strong asset quality, bringing down its Gross NPA to 0.54% from 0.73% last year. This achievement is attributed to the dedicated efforts of the entire KDCCB team, including management, staff, and stakeholders.
Chairman K. Ravinder Rao expressed heartfelt gratitude to the Directors, Managing Director, Presidents, Secretaries, staff of the affiliated societies, NABARD officials, and senior officers of TGCAB for their unwavering support. He also extended special thanks to KDCCB’s trusted customers, acknowledging their role in the bank’s continued success.
“I am overwhelmed with these results, and my words fail to express my wholehearted thanks to each and every one. Let KDCCB remain a synonym for success forever,” Rao stated.
As the world gears up to celebrate the International Year of Cooperatives 2025, KDCCB remains committed to its mission of “Cooperatives Build a Better World.”
