Message from CEO

massege_from_co

Dear Friends,

I welcome you to the website of The Kurmanchal Nagar Sahkari Bank Ltd. It is a great pleasure for me to place before you, our financial results for the year ended Mar 31, 2017.

Financial Performance:

l The Bank’s total business at the end of FY 2017 was Rs. 2,293.57crores, registering a growth rate of 4.92% on year-on-year basis.

l The Bank’s deposits recorded a growth rate of 11.75% during the year by reaching Rs. 1546.18 Crores.

The Gross NPA was at 4.35% of total advances and Net NPA was at 0% of total advances.

The Net Profit for the year stood at Rs. 13.77 Crores.

The Capital to Risk weighted Assets Ratio (CRAR) as on 31st March 2017 was 17.77%.

Network

The Kurmanchal Nagar Sahkari Bank Ltd has a network 41 branches and 24 ATMs. with geographical presence in the state of Uttrakhand. The Bank is on CBS platform and offers wide range of products to our esteemed customers.

I am thankful to the Board of Directors, share holders and to all the employees of the bank for their support and trust.

 

Our website provides complete information about the Bank’s products and services. We look forward to building a long lasting partnership with you and your family.

 

Akshay Kumar Sah

CEO