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Visakhapatnam Cooperative Bank striving to reduce NPA rate to zero from the present 0.75%, says chairman

Visakhapatnam Cooperative Bank striving to reduce NPA rate to zero from the present 0.75%, says chairman
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VCB earns a profit of Rs 45 crore; AGM mourns deaths due to Covid


VCB earns a profit of Rs 45 crore; AGM mourns deaths due to Covid
VCB’s share capital stands at Rs 251.40 cr with membership of 90,776
The Visakhapatnam Cooperative Bank conducted its 106th Annual General Meeting last week at the MRC Kakatiya Cultural Association Convention Centre, Maddilapalem, Visakhapatnam, Andhra Pradesh.
The Chairman of the Bank Chalasani Raghavendra Rao presided over the meeting and said  the total business of the bank as on 31.03.2021 is Rs 6,573.01 crore out of which deposits were Rs 3,853.39 crore and advances were Rs 2,719.43 crore.
The total share capital of the bank is Rs 251.40 crore with a total membership of 90,776 and the Net NPA stood at 1.65% as on 31.03.2021. The bank has set a target of Rs 7,558 crore for the financial year 2021-22, informs the press release issued by the bank. ....

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