Jalgaon people’s bank post 5.85 Crores profit:
Jalgaon’s growing people’s co-operative bank has posted net profit of 5.85 Crores in financial year 2010-11, a net rise of 2.06 Crores to that of last year earnings. Bank has recorded 16.05% growth in deposits and its annual turnover reached 1,074 Crores with 644 Crores deposits and has turned State’s only co-operative bank to have profits in 68 consecutive years and has NPA of mere 1.94%. It has proposed 6 new branches in year 2011-12 which would be Nashik, Kalyan, Washi, Panvel, Sangvi(Pune) and Chopda. It also plans to link account access through State’s other ATM by tying up with card bankers.
Jalgaon’s growing people’s co-operative bank has posted net profit of 5.85 Crores in financial year 2010-11, a net rise of 2.06 Crores to that of last year earnings. Bank has recorded 16.05% growth in deposits and its annual turnover reached 1,074 Crores with 644 Crores deposits and has turned State’s only co-operative bank to have profits in 68 consecutive years and has NPA of mere 1.94%. It has proposed 6 new branches in year 2011-12 which would be Nashik, Kalyan, Washi, Panvel, Sangvi(Pune) and Chopda. It also plans to link account access through State’s other ATM by tying up with card bankers.
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