Gujarat based Kaira District Cooperative Bank got the license from the Reserve Bank of India for opening 6 more branches. The bank received the license for opening new branches after a gap of 11 years.
At present, the bank has a network of 76 branches and 8 extension counters but with the expansion of these branches, the number has reached 82 branches.
Besides, the bank achieved deposits of more than 2500 crore as on 31st March 2024. The total business of the bank stood at Rs 3,771 crore in the 2023-24 FY.
The bank earned a net profit of Rs 31 crore in the said financial year. Meanwhile, the bank announced to organize its annual general meeting on 30th June 2024.
The bank is increasing its services and customer-oriented facilities day by day, the bank is always ready to provide its excellent services for the development of rural India in the future as well.