The leading credit cooperative of Aurangabad, Shalivahan Nagari Sahakari Patsanstha, received an award in the category for deposits exceeding Rs 100 crore. The award ceremony, organized by the MAFCOCS, took place at Ramoji Film City in Hyderabad.
The Patsanstha’s CEO, L.D. Gayke, accepted the award on behalf of the society from MAFCOCS Chairman Kaka Koyate, Cosmos Bank Chairman Milind Kale, and other dignitaries.
Following the award presentation, Gayke shared details about the society’s achievements. “We are one of the leading credit cooperatives of Aurangabad, with a business turnover of Rs 250 crore,” he noted.
He further elaborated, “We have a network of 13 branches and have also received a license to open six more branches. Our CRAR is 17.5, and our net NPA stands at 1.75 percent.”