Delhi based Vaish Cooperative Adarsh Bank touched the business mix figure of Rs 200 crore in the 2022-23 financial year and earned a net profit to the tune of Rs 6.65 crore.
During the year, the bank has performed well on almost all the financial parameters.
The deposits of the bank grew from Rs 146 crore (2021-22) to Rs 154 crore as of 31st March 2023. Besides, the advances of the bank rose from Rs 38 crore to Rs 46 crore in the 2022-23 FY.
As on 31st March 2022, the bank’s share capital and reserves stood at Rs 3.51 crore and 20.02 crore respectively.
The bank has 11 branches across Delhi. Out of these 11 branches, six branches i.e. Darya Ganj, Karol Bagh, Azadpur, East of Kailash, Gandhi Nagar & Rohini are housed in the bank’s own premises.
