Bangalore, November 30, 2021: Swarnabharati Co-operative Bank, which was launched to provide exemplary service to its customers, has made a net profit of Rs. 1.23 crore and has announced a dividend of 7.50 per cent to our customers this time,” said Swarnabharti Co-operative Bank Chairman. Dr PL Venkatarama Reddy said.
Addressing the 23rd Annual General Meeting of the Swarnabharati Co-operative Bank Dr Reddy said the bank has seen a 17 per cent growth in the current year. With over 10,000 members at present, it is one of the most customer-friendly cooperative banks in the city.
“With a working capital of Rs. 176.36 crore and with a decrease of net NPA of 4.87 per cent the bank made a profit of 1.23 crore. The Bank is ranked in the audit classification with an “A” rank”, he said.
On the occasion, the children of bank customers who had excelled in PUC and SSLC examinations were felicitated and awarded scholarships.
Former chairman of Swarnabharati Co-operative Bank T N Chowdappa and directors K.N. Narasimha Murthy, T Satish Babu, R Harish, Smt Dr Lata Narayan, K Narayanaswamy, B Nagaraja, GM Ravindra, DB Sharat Kumar, C Venkatesh, N. Nagaraj, JK Ramakrishna, Chief Executive Officer Krishnamurthy and customers were also present.
