Saturday, July 23, 2016

#Karnataka State Co-operative Apex Bank targets to earn Rs.100 cr. net profit in FY 2016-17

During the financial year 2016-17, the Bank plans to advance various types of non-agricultural loans to the extent of Rs.2000 cr. and intends to advance agricultural loans of Rs.12000 cr. the 24 lakh farmers through the District Central Co-operative Banks. It has also prepared an action plan to increase the deposit level to Rs.8200 cr. and Working Capital to Rs.17866 crores for the year 2016-17.During the financial year 2015-16, the Bank has earned a net profit of Rs.31.45 cr.and gave Rs.10020 cr. agricultural loan and Rs.2013.08 cr. non agri loan.