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    HomeTelanganaKNR District Cooperative Central Bank reports Rs100 crore profit

    KNR District Cooperative Central Bank reports Rs100 crore profit

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    The Karimnagar District Cooperative Central Bank (KDCCB) achieved a record profit of Rs 100.10 crore in the financial year 2023-24, surpassing its previous record of Rs 91.40 crore in 2022-23. The success is credited to teamwork under the leadership of CEO N Satyanarayana Rao, according to KDCCB chairman Konduru Ravinder Rao.

    Ravinder Rao expressed gratitude to the customers for their support in making the bank profitable and emphasized the importance of teamwork and good governance in the bank’s success. The KDCCB is now the third leading bank in the district after SBI and UBI, with deposits increasing from Rs 2,282.62 crore to Rs 2,528.90 crore and advances growing from Rs 3,342.38 crore to Rs 3,973.34 crore. The total business of the bank has risen by 15% to Rs 876.24 crore.

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    CEO N Satyanarayana Rao attributed the success to the guidance and support of chairman K Ravinder Rao and the hard work of the staff. He thanked everyone involved and acknowledged the customers for their continued support.

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    Rajesh M
    Rajesh M
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