New Indian Express reports Kerala State Cooperative Bank has achieved a record business turnover of Rs 15,432 crore in the 2018-19 fiscal.
According to Kerala’s cooperation minister the net profit of the bank in the fiscal was Rs 72.39 crore. The gross NPA reduced to 3.16 pc and net NPA 1.43 pc.
The bank’s performance is remarkable given the RBI’s statement that the average profit of state cooperative banks in the country in 2018-19 was Rs 31 crore.