The Hindu Business Line : Dakshina Kannada Women's coop bank posts profit

MANGALORE: The Dakshina Kannada District Women Cooperative Bank, Mangalore, registered a profit of Rs 6.60 lakh during 2003-04, according to the President of the bank, Ms Sarala B. Kanchan.

Addressing presspersons here on Tuesday, she said that the bank could distribute 10 per cent dividend to its members. In the last financial year, the bank disbursed loans to the tune of Rs 2.50 crore and mobilised deposits of Rs 3.53 crore.

Ms Kanchan said that the Union Minister of State for Statistics and Programme Implementation, Mr Oscar Fernandes, would inaugurate the decennial celebrations of the bank in Mangalore on September 20. The bank was registered on August 2, 1994, to cater to the needs of women in Dakshina Kannada and Udupi districts.

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Dakshina Kannada Women's coop bank posts profit