“Resolved that Samata Cooperative Development Bank Ltd. fulfils all the regulatory criteria required to classify as – Financially Sound & Well Managed. Henceforth, Samata Cooperative Development Bank Ltd. shall be referred to as FSWM, this classification shall hold good for official purpose, wherever required.”
Net profit for FY 2023-24: 268.23 (Rs. in lakhs)
FY 2022-23: 235.58
FY 2021-22: 260.82
FY 2020-21: 182.28
Bank’s performance and profit earned in the last 4 financial years, is appreciable and can be termed as financially sound.
The CRAR also stood at a comfortable position i.e. 28%
The Net NPA for the FY – 2023-24 stood at i.e. Rs.265.81 lakhs (@1.56%)