News and pics: Rons Bantwal
Daijiworld Media Network - Mumbai (SHS)
Mumbai, Jun 8: "The service of Bharat Co-operative Bank is considerably high in the prevailing co-operative sector," said Jaya P Suvarna, the working president of Bharat Co-operative Bank and Rashtriya Billava Maha Mandala.
He was speaking during the 28th annual meet of Bharat Co-operative Bank (Mumbai) ltd. held in Bridgevasi palace hall on Saturday June 7.
The programme was inaugurated by L V Ameen, the president of Billava association.
Jaya Suvarna said that the RBI had granted the establishment of 15 more branches in Maharashtra, 5 in Karnataka and 3 in Gujarat.
He added that the bank would be allowed to set up 17 new branches across the nation during the next financial year.
He attributed the achievement of the bank to the customers, share holders and staff.
Unraveling the financial details of the year he said, "Share capital of the bank is Rs 100.83 crores and the reserve fund is 453.71 crores.In the current fiscal the bank has given 15% dividend to the share holders of the bank."
The bank has 41 branches across the state of Maharashtra. In Karnataka it serves the people with its 14 branches.
The members and share holders of the bank were present during the meet.