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Home Co-op News Snippets

SUCO Bank surpasses business mix of Rs 2,120cr

Parasnath by Parasnath
April 22, 2025
in Co-op News Snippets
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SUCO Bank surpasses business mix of Rs 2,120cr
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Karnataka-based SUCO Souharda Sahakari Bank has achieved a major financial milestone by surpassing Rs 2,120 crore in total business for the fiscal year ending March 2025.

The bank reported Rs 1,313 crore in deposits and Rs 807 crore in loans, showcasing its robust financial strength and commitment to customer service.

Additionally, the bank recorded a net profit of Rs 6 crore, reflecting steady growth and profitability. Despite market challenges, SUCO Bank maintained a Net NPA of 5.6%, demonstrating effective credit management.

Expressing gratitude to its customers and stakeholders, the bank reaffirmed its mission to provide reliable and innovative banking solutions that support economic progress in the region.

Tags: cooperativeDepositkarnatakaSUCO Bank
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