|
|
Dear Friends,
|
|
It is heartening to note that Kurmanchal Nagar Sahkari Bank Ltd continues to grow from strength to strength.During 2010-11, the Bank recorded a profit after tax over Rs 11 crores (growing about 43.26%). The business level crossed the Rs 1500 crore mark and Net Worth grew to over Rs 80 crore. All this is happily in line with our commitment to double our business every 3 years.
|
 |
|
The Bank’s first ATM has become operational and our customers will now be able to enjoy ATM facilities at nearly about 7500 outlets of the 26 banks which are members of the BANCS network. These banks include Axis Bank, Bank of India & IDBI bank among others.
The use of internet banking facilities among our customers is gradually increasing. We are hopeful that more and more of them will adopt this mode of banking in the years to come.
In view of our performance the Reserve Bank of India has approved 8 more licenses for the Bank and arrangements are under way to utilize all of these in the current fiscal year.
The number of branches should thus increase to 31 by March 2012.
We remain eternally thankful to our customers whose unique relationship with us continues to inspire us and our staff at every step. |
|
Sincerely,
(Aloke Shah)
|
|
