Ahmednagar (Maharashtra) based Samata Nagari Sahakari Patsanstha crossed the business mix of more than Rs 1300 crore in 2022-23 financial year. The credit society has performed well on almost all the financial parameters in the said FY.
The business mix of the bank rose from Rs 1187 crore in 2021-22 to Rs 1350 crore as on 31st March 2023. The deposits of the bank increased from Rs 661.47 crore to Rs 792.51 crore whereas loans & advances grew from Rs 526.15 crore to Rs 558 crore in the 2022-23 FY.
Besides, the society’s investment as on 31st March 2023 stood at Rs 275 crore. Kaka Koyate, the notable cooperator of Maharashtra, heads the said credit cooperative who is also the Chairman of Maharashtra State Cooperative Credit Societies Federation.
