Jogindra Central Cooperative Bank Limited will celebrate its 100th anniversary on August 20, with Chief Minister Sukhvinder Singh Sukhu presiding over the event and inaugurating the bank’s new head office, reports the Tribune.
In a recent meeting chaired by Mukesh Sharma, the bank’s focus was on reducing non-performing assets (NPAs), increasing deposits, and improving loan distribution.
Last year, the bank recorded a net profit of Rs 19.71 crore, and its gross NPA fell to 3.54% from 7.94%. Additionally, the capital adequacy ratio improved to 15.57%, reflecting the bank’s strong financial health.
