Maharashtra based Jijau Commercial Cooperative Bank organized its 22nd Annual General Meeting last week and announced a 12 percent dividend for its shareholders for the year 2021-22.
The bank’s total business increased from Rs 479 crore (2020-21FY) to Rs 569 crore as of 31st March 2022. The deposits of the bank grew from Rs 300 crore to Rs 343 crore whereas loans and advances rose from Rs 179 crore to Rs 226 crore in the 2021-22 FY, revealed during the AGM.
The bank earned a profit of Rs 2 crore in the said financial year. It has 11 working branches in the Vidarbha region.
Readers would recall that last year, the bank shifted its head office to a sprawling new building which is four storey and spread over the area of about 6700 square feet. For 20 years the bank’s head office had been on rent.
On this occasion, the bank Chairman Er Avinash Kothale, senior directors, members, and others were present.
