The Rajasthan-based Jhalawar Central Cooperative Bank organized its Annual General Meeting, which was presided over by District Collector Ajay Singh Rathore.
During the AGM, the financial reports of 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, and 2022-23 were presented before the delegates.
The deposits of the bank grew from Rs 447 crore (2021-22) to Rs 463 crore as of 31st March 2023, whereas advances increased from Rs 467 crore to Rs 548 crore in the 2022-23 FY. As of 31st March 2023, the total business mix of the bank stood at Rs 1,011 crore.
It was revealed during the meeting that the bank earned a net profit of Rs 1.23 crore in the 2022-23 FY. Earlier, i.e., in 2021-22, it earned a profit of Rs 1.08 crore.
On the occasion, the Chairmen and administrators of Gram Seva Sahakari Samiti were honored for outstanding performance.