Kerala-based Pride Multi-State Credit Cooperative Society has received two awards in the credit cooperative societies category at the National Cooperative Banking Summit held in Lucknow, Uttar Pradesh last week.
The society was honoured with the awards for “Best Credit Initiative” and “Best Annual Report,” which were received by the society’s Chairman, Dr. N. Sairam and COO Pawsan Verghese.
The society performed exceptionally well in the 2023-24 financial year, registering an impressive 145 percent growth in its overall business portfolio.
Its business grew to over Rs 310 crore, and it recorded a net profit of Rs 3.17 crore in FY 2023-24.