The Karimnagar District Cooperative Central Bank (DCCB) in Telangana which had been forced into a crisis by the loss of Rs. 79 crore has had a sudden turnaround in its fortunes. In fact, it has begun giving commercial banks in the district a run for their money, reports Hindu.
The bank has been paying dividends of 6 per cent to the shareholders for the last three financial years.
The bank has strengthened Primary Agricultural Cooperative Societies (PACS) to work on the lines of cooperative banks and earn profits. The net NPA of the bank counts a negligible 0.74. The bank has 57 branches and it plans to open 14 more branches soon.