Star of Mysore reports Merchants Cooperative Bank announced a substantial 25 percent dividend for its members in its recently concluded AGM in J.R. Nagar. Sources close to the bank are also quoted saying the bank has posted an impressive business of Rs. 5,431.30 crore in 2017-18.
The bank also claims its deposits count Rs. 303.77 crore, the Gross Profit Rs. 8,32,27,835 and the Net Profit Rs. 5,27,83,483 after Income Tax Deduction of Rs. 3,04,44,352.
A free health checkup and eye screening camp had been organised for the Bank members on the occasion.