Kangra Central Co-operative Bank Ltd posted profit of Rs.87.53 crore in FY21-22: Bhardwaj
The Kangra Central Co-operative Bank Ltd (KCCB) has gained an overall profit of more than Rs.87 crore from a loss of around 46 crores in just four years.
Dharamsala, June 24, 2022: “The Kangra Central Co-operative Bank Ltd (KCCB) has gained an overall profit of more than Rs.87 crore from a loss of around 46 crores in just four years”, said Dr Rajiv Bhardwaj chairman of KCCB in Dharamsala today. He said that the aim of the management is to bring this profit figure to more than Rs.103 crore on the 103rd year of its foundation, the next year. He added that the profit of Rs.87,53,76,769 shown in this year’s balance sheet is because of the hard work of each employee, from MD of the bank to its peon and the trust shown by 18 lakh 41 thousand customers of KCCB.
Dr Bhardwaj said, “The growth of the bank in the past 4 years is more than Rs.3000 crore and per branch growth has also risen from Rs.64 crore to 77 crore in this period.”
He added that as the bank is now on the growing side of the profit, the aim of its administration is now to reduce the NPA sector.
KCCB is now all set to provide new-age digital banking solutions such as UPI.
Our customers will enjoy UPI facility after 15th July this year, as the trials are at the final stage”, said Chairman.
Came into existence on 17th March 1920 in Dharamsala, Kangra Central Co-operative Bank (KCCB) operates only in 5 districts of Himachal Pradesh.
In the last 100 years, the bank has opened 216 branches, 103 ATMs, and has 13 extension counters spread over 18 Zonal Offices.