SCDCC Bank posts record profit, targets higher growth

The South Canara District Central Cooperative Bank reported a record net profit of Rs 131.14 crore and turnover of Rs 20,226.19 crore for FY 2025-26, the highest among DCC banks in Karnataka, say media reports.

President M.N. Rajendra Kumar said turnover grew 16.74% and profit rose 18.78% year-on-year, while NPAs declined to 2.21%. The bank has set a Rs 22,500 crore turnover target for the current fiscal. Deposits stood at Rs 9,264.64 crore and advances at Rs 9,766.75 crore.

Maintaining a 31-year record of full crop loan recovery, the bank plans to expand operations and strengthen digital banking services further.

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