The South Canara District Central Cooperative (SCDCC) Bank registered 9.14 per cent growth in net profit in 2011-12.

Addressing presspersons here on Saturday, Mr M.N. Rajendra Kumar, president of the bank, said that the bank recorded a net profit of Rs 12.77 crore for 2011-12 as against Rs 11.70 crore in the previous fiscal.

Of the total business of Rs 2374.66 crore for 2011-12, the advances stood at Rs 1563.63 crore. A majority of this amount, around Rs 760.96 crore, has been extended to agriculture sector. During 2011-12, the net NPA of the bank stood at 2.47 per cent (2.54 per cent).

The bank, in association with various cooperative institutions, has promoted 35,780 self-help groups (SHGs) in its area of operations. Of them, 23,102 are women SHGs, he said.

Gold loan

The bank has come out with a scheme under which it gives loans to buy gold. It has extended around Rs 4.70 crore under this scheme, he said.

The 99-year-old bank has 55 branches in Dakshina Kannada and Udupi districts. All these branches are under the core banking solution network, he said.

During the current financial year, the bank is planning to open 14 more branches. These branches will be opened at Deralakatte, Ullal, Kotekar, Vamanjoor, Kudroli, Kankanadi, Jeppu-Mangaladevi and Mulki in Mangalore taluk; Kakkinje in Belthangady taluk; Kabaka in Puttur taluk; Jalsur and Subrahmanya in Sullia taluk; Tallur in Kundapur taluk, and Malpe in Udupi taluk.

A new training centre of the bank will be opened during the current year, he added.

vinayakaj@thehindu.co.in

(This article was published on May 13, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.