South Canara District Cooperative Bank has made a profit of Rs. 28.63 crore during 2017-18- 19 % more than Rs. 24.07 crore earned in 2016-17, says Hindu quoting the president of the bank.
The presidents says the bank has a total business of Rs. 6,748.84 crore and deposits at its 105 branches was at 3,561.24 crore. The total advances of the bank was Rs. 2,778.3 crore of which Rs. 1,199.48 crore was for the agriculture sector.
Hailing the recent loan waiver notification of the State government, he said this would involve Rs. 724 crore for Dakshina Kannada and Udupi farmers.
