The first audited report about Kerala Bank that was formed by amalgamating 13 District Cooperative Banks in the State, has posted a net profit of Rs 374.75 crore, reports Hindu Businessline.
Kadakampally Surendran, Minister of Cooperation Kerala said the newly established has earned profit despite Covid 19.
One of the bank’s aims is to empower Primary Agricultural Cooperative Societies and other cooperative institutions in the state.