Maharashtra’s leading bank-Kalyan Janata Sahakari Bank, which had registered losses in the 2022-23 FY for making provisions, has earned a net profit of Rs 15.98 crore as on 31st March 2024.
As per the audited financial figures coming to the Indian Cooperative desk, “The total deposits and advances of the bank stood at Rs 3354 crore and Rs 2,073 crore in the 2023-24 FY. The total business stood at Rs 5,428 crore”, the figures indicated.
”The Net NPA of the bank reduced from 3.19 percent to 3.77 percent in the 2023-24 FY. The bank earned operating profit of Rs 34.52 percent”, the figures revealed.
”The CRAR stood at 11.56 percent and CD ratio is more than 61 percent” according to the figures available with the Indiancooperative.com.
Kalyan Janata Sahakari Bank founded in 1973, is a Multi-state Co- operative Bank having a network of 42 branches spread over Maharashtra.