Andhra Pradesh based Krishna District Central Cooperative Bank earned a net profit to the tune of Rs 42.28 crore and crossed the business mix of more than Rs 9,000 crore in the 2022-23 FY.
During the year, the deposits of the bank grew from Rs 2,994 crore (2021-22) to Rs 3054 crore as on 31st March 2023 whereas Loans & Advances increased from Rs 5,742 crore to Rs 6,827 crore in the 2022-23 FY.
As on 31st March 2023, the gross NPA and Net NPA stood at 2.21 percent and 0.95 percent respectively. Besides, the CRAR stood at 9.90 percent.
The bank recently got the award from Andhra Pradesh Chief Minister Y S Jaganmohan Reddy during the golden jubilee celebrations of the AP State Cooperative Bank.
There are 59 branches of the bank across the district and in all branches, the bank is providing a safe deposit locker facility.