Barmer Central Co-op Bank earns handsome profits

Rajasthan based Barmer Central Co-operative Bank organized its 63rd Annual General Meeting on Tuesday, which was presided over by the bank Administrator and District Collector Tina Dabi.

During the meeting, Ms. Dabi presented the annual report and highlighted that in the financial year 2023-24, the bank earned a gross profit of Rs 22.92 crore.

The bank’s share capital stood at Rs 61.73 crore, reserves at Rs 145.53 crore, total deposits at Rs 1,198.01 crore, loan disbursement at Rs 1,281.86 crore, and working capital at Rs 1,856.18 crore.

Representatives from various cooperative societies, including Gram Seva Cooperative Societies, Primary Agricultural Credit Societies, Dairy Producer Societies, Weavers Societies, Women’s Cooperative Societies, and others, also participated in the meeting.

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