The
bank has been making an excellent progress
since its establishment. The bank is being
recognised as one of the best urban
cooperative banks of the country. As regards
Deposits it has reached Rs. 1083.45 crores as on 31 March
2006 and is a leading urban cooperative bank
of the country and has continued to be the
first among cooperative banks of Gujarat.
The financial highlights are provided in the enclosed
Annexure-I.
Apart from various deposit schemes., the
bank has also diversified its advances
portfolio for various industrial activities
including finance to cottage and small scale
industries, activities allied to agriculture
like Farm Mechanization, professionals and
self-employed like doctors, chartered
accountants, engineers etc. The rate of
interest ranges from 8% to 11%
Details of the scheme can be obtained from
the branches. The bank has been consistently
paying dividend to its shareholders.
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