Maharashtra State Cooperative (MSC) bank organized its 111 Annual General Meeting recently and announced a 10 percent dividend for its shareholders.
Addressing the meeting, Vidyadhar Anaskar, Chairman of the MSC bank administrative board said that the bank’s total business rose from Rs 43,602 crore to 47,028 crores in the 2021-22 FY”.
“The bank’s net worth is Rs 3,203 Cr. (increase by Rs 500 Cr) whereas owned Funds stand at Rs 6,000 Cr. As of 31st March 2022, the bank earned a gross profit and a net profit of Rs 1,402 cr (increase by Rs 626 cr) and net profit of Rs 602 cr (increase by Rs 238 cr.) respectively, he added.
The bank also followed the tradition of maintaining Zero’ percent net NPA.