Satara (Maharashtra) District Cooperative Bank earned a gross profit of Rs 205 crore and net profit of Rs 78 crore in the 2022-23 FY.
The announcement was made by the bank’s Chairman Nitin Patil in the 73rd Annual General Meeting organized last week. The bank announced a 12 percent dividend to its shareholders.
Addressing the AGM, the bank Chairman informed, “We have performed well on all the financial parameters in the 2022-23 FY and this year also the Net NPA of the stands at ‘Zero’. The bank is providing facilities to the customers through its 319 branches spread across Satara district”.
“The deposits of the Bank increased from Rs 9,122 crore to Rs 9,890 crore whereas loans and advances grew from Rs 5,112 crore to Rs 5,429 crore”, he informed.
In the meeting, the bank’s CEO Dr Rajendra Sarkale, Balasaheb Patil, Ramraje Naik, Shivendrasinhraje Bhosle, Makarand Patil and others were present.
