The South Canara District Central Cooperative (SCDCC) Bank has declared a 10% dividend to shareholders after posting an all-time high net profit of Rs 110.41 crore in 2024-25, media reports say.
At its 111th AGM in Mangaluru, president M.N. Rajendra Kumar said the bank achieved total transactions of Rs 17,366.68 crore, deposits of Rs 7,882.76 crore, and advances of Rs 7,775.44 crore, emerging as the State’s top DCC bank in deposits.
He highlighted 100% farm loan recovery for 30 years and plans for 10 new branches. The bank also received its 23rd Apex Bank Award.