Speaking at the 61st AGM R. Anand President of Mysore Merchants Cooperative Bank said the bank has done better than last year but dividend cannot be given due to a RBI direction, reports Star of Mysore.
The UCB has posted a profit of Rs 6 crore roughly. Its total deposit has been Rs 387.14 crore, advanced loans totalling Rs. 289.53 crore thus taking the Bank’s total transaction to Rs. 676.68 crore till March in 2020.
Anand said the bank’s NPA is nil and its branches have also performed better compared to the previous year.