Dr. Prabhakar Kore Multi-State Cooperative Credit Society, a leading financial institution headquartered in Ankali, has announced a remarkable business performance for the financial year ending 31st March 2025.
Under the visionary leadership of veteran cooperator Dr. Prabhakar Kore and the dynamic stewardship of Amit Kore and Preeti Dodwad, the society has crossed a business mix of over Rs 2,500 crore and recorded a net profit of Rs 25.30 crore.
In a press briefing, Chairman Mahantesh Patil highlighted the society’s achievements, noting that it currently operates 55 branches across Karnataka and is poised for further growth. The society owns eight buildings worth Rs 25 crore and aims to establish dedicated premises for all its branches in the near future.
According to the released financial report, the society’s total deposits stood at an impressive Rs 1,511.28 crore, while loans disbursed amounted to Rs 1,063.56 crore. The working capital reached Rs 1,656.57 crore, and a bank balance of Rs 109.61 crore was maintained. The share capital stands at Rs 4.46 crore, with reserves and other funds totaling Rs 140.83 crore.
With an annual turnover of Rs 2,207.36 crore, the society has once again demonstrated consistent growth, operational efficiency, and strong financial discipline. Guided by its motto of “Strong and Pure Banking,” the institution continues to uphold cooperative values and focus on inclusive financial empowerment.
Reaffirming its commitment to rural development and financial inclusion, the society offers loans at affordable interest rates for agricultural tools, school vehicle purchases, and home construction. It also provides instant and low-interest gold loans to meet urgent financial needs.
Beyond credit services, members enjoy a wide range of value-added facilities including safe deposit lockers, mobile recharges, PAN card issuance, passport assistance, e-stamping, land record (RTC) services, and reservation of bus, train, and flight tickets. The society also facilitates RTGS and NEFT transactions.
Members are further protected with accident insurance coverage of up to Rs 1 lakh. The society has partnered with government insurance agencies to offer health and life insurance schemes. Employees also benefit from group and health insurance facilities.
Currently, 64 pigmy collectors are actively engaged in daily savings collection, helping expand the society’s outreach. Chairman Patil revealed plans to open over 30 new branches across Maharashtra and Karnataka in the near future, further strengthening the society’s regional presence.
With strong fundamentals, dedicated leadership, and a growing network, Dr. Prabhakar Kore Co-operative Credit Society continues to be a pillar of trust and financial support for thousands of members across the region.
