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Karimnagar DCCB asks PACS to convert into multi-service centres

Karimnagar DCCB asks PACS to convert into multi-service centres
indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.

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Karimnagar DCCB profit rises to Rs 51 cr from Rs 35 cr


Karimnagar DCCB profit rises to Rs 51 cr from Rs 35 cr
Despite problems posed by Covid 19, Karimnagar District Cooperative Central Bank (DCCB) in Telangana has made a profit of Rs 51.12 crore during 2020-2021, reports Telangana Today. During 2019-2020, the bank had made a profit of Rs 35 crore.
The bank’s excellent performance has won it the national awards for the last four years from the National Federation of Cooperative Banks limited (NAFSCOB).
The bank has 67 branches with deposits of Rs 1903 crore registering a growth rate of 16.03 per cent. The loans and advances stand Rs at 2070 crore. Overall growth registered is 16 per cent and the business stands at Rs 3973 crore just shy of Rs 27 crore against the bank target of Rs 4,000 crore. ....

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Karimnagar DCCB nets ₹51 crore for 2020-21 - The Hindu BusinessLine


April 04, 2021
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The Karimnagar District Cooperative Central Bank (DCCB) has posted a profit of ₹51.12 crore for 2020-21, up from ₹35 crore it registered during 2019-20.
Inspite of a tough year due to Covid-led lockdown, the bank has brought down its non-performing assets (NPA) from 2.15 per cent in 2019-20 to 1.75 per in 2020-21, according to a statement.
With 67 branches, the DCCB collected deposits of ₹1,903 crore, a growth of 16.03 per cent and the loans and advances were at ₹2,070 crore an increase of 15.96 per cent. The bank achieved a business of ₹3,973 crore against the target of ₹4,000 crore.
During 2020-21, the bank provided loans of ₹1,177.69 crore for the farm sector against the target of ₹980 crore. Despite financial crisis, the DCCB opened six new ATMs during the 2020-21, taking the total ATMs to 32 in the district. The bank had proposed to open five new branches during this financial year in Koheda, Manthani Mutharam, Chandurth ....

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Nabard leading Telangana to Golden State


Hansindia.com quotes Nabard Telangana region office GM Y Krishna Rao saying with the launching of white, blue, pink and green revolutions, the newly formed state has taken a crucial step towards its transformation into ” golden state”.
Rao said Nabard is committed to supporting the growth of Telangana. The Nabard GM was speaking at the Karimnagar District Cooperative Central Bank (DCCB) board meeting attended by top cooperative functionaries.
It is worth mentioning that all the 800 Primary Agriculture Cooperative Societies (PACS) in Telangana are computerized. Telangana State Cooperative Apex Bank (TSCAB) is converting PACS into MACS with the support of NABARD as well. ....

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