SCDCC Bank registers net profit of Rs 110.40 cr for 2024-25

Dr M N Rajendra Kumar, chairman of the South Canara District Central Cooperative Bank Ltd (SCDCC), on Wednesday said that the bank has posted a net profit of Rs 110.40 crore for 2024-25, registering 39.59% growth over last financial year's Rs 79.09 crore net profit.

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Speaking to reporters in Mangaluru, Rajendra Kumar said, "The bank's net profit is the highest ever in its history. The bank's gross business has reached Rs 17,366.68 crore with an 11.72% surge compared to the previous fiscal year's gross business of Rs 15,544.34 crore. In the fiscal year 2025-26, our bank aims to achieve the target of Rs 19,250 crore. Our bank has amassed deposits of up to Rs 7,882.76 crore in 113 branches despite the