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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 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 2,374.66 crore for 2011-12, the advances stood at Rs 1,563.63 crore. A majority of this amount, around Rs 760.96 crore, was extended to the agriculture sector.
During 2011-12, the net NPAs of the bank stood at 2.47 per cent (2.54 per cent). The 99-year-old bank has 55 branches in Dakshina Kannada and Udupi districts. All these branches come under the core banking solution network, he added.
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