Farrukhabad District Co-Operative Bank Ltd. Fatehgar, located in Uttar Pradesh, has successfully rebounded from previous financial losses, reporting a net profit of Rs 1.16 crore as of March 31, 2023.
The bank’s remarkable turnaround was announced during its 64th Annual General Meeting, which convened last week with esteemed chief guest Subrat Pathak, Member of Parliament representing Kannauj.
During the meeting, the bank’s financial performance over the past nine years was reviewed, showcasing a clear trajectory of recovery. Additionally, plans and budgets for the upcoming fiscal year 2024-25 were meticulously outlined and approved, signaling a promising path forward for the institution.