KDC bank records Rs.14 crore profit
Kozhikode District Co-operative Bank ( KDC) has recorded a net profit of Rs.14 crore.It shows a huge growth from the earlier 5 crore, says bank president Manayath Chandran in a press meet.
Fifteen percent dividends have been distributed among the bank members. The bank has total 54 branches across the district and it achieved the budget capital sufficiency (9.52%) earlier in 2014 than its expectation in 2017 .The capital investment 9.52 is a record in India, added the bank authorities.
“KDC bank has secured 82 percent mark in the rating of NABARD (National bank for Rural and Agriculture Development) and it is the one and only in scheduled bank category.
KDC bank has all the modern facilities and technology to compete with any nationalized and commercial banks.
The banks interference helped to include the Prime Minister’s Jan Dhan Yojana scheme in co-operative banking sector. The introduction of ATM facility to its customers is also remarkable achievement according to the bank authorities.
The bank’s next target is to get NRI license and scheduled bank title.”-the bank authorities said.
Ad.I.Moossa, N.Subramanyan, K.T.Premarajan also participated .
