Uttarakhand based Udhamsingh Nagar District Cooperative Bank earned a net profit of Rs 7.42 crore and crossed the deposits to more than Rs 1100 crore.
It was revealed during the 13th Annual General Meeting of the bank held on Tuesday, in which state cooperative minister Dhan Singh Rawat was connected through a virtual platform.
The deposits of the bank grew from Rs 1061 crore (2020-21) to Rs 1140 crore as of 31st March 2022. Besides, the CRAR of the bank stood at 32.90 percent.
In his speech, the bank’s Chairman Yogendra Singh Rawat presented a blueprint of the progress and major schemes of the bank launched recently.
The former Chairman Subhash Behar urged the management to recover the dues for the Gadarpur and Sitarganj sugar mills.
On this occasion, Uttarakhand State Cooperative Bank Chairman Dan Singh Rawat, board members and others were present.