The city-based South Canara District Central Cooperative Bank is considering starting core banking facility linking all 54 branches in Dakshina Kannada and Udupi districts.
According to a press release issued by bank president M.N. Rajendra Kumar here on Wednesday, the bank has prepared a plan in this regard.
The bank will also bring the proposed five computerised branches under this facility. He said the bank was also considering opening branches in other districts. Mr. Kumar said that the bank would install ATMs in all taluks of the two districts. It had already installed ATMs at the Kodialbail (Mangalore) and Udupi town branches. The bank had also started providing key information to its customers through SMS.
He said the bank had earned a profit of Rs. 9.27 crore in 2009-10. During the year it had collected deposits of Rs. 927.07 crore and disbursed loans of Rs. 794.75 crore.
This included agricultural loans amounting to Rs. 455.47 crore. The total business of the bank was Rs. 1,665.15 crore as against the target of Rs. 1,600 crore.
Mr. Kumar said that the bank had been able to achieve 100 per loan recovery during the past 15 years.
He said that more than 1.72 lakh people had joined the State Government's Yeshashvini scheme in Dakshina Kannada and Udupi districts through the bank.
An amount of Rs. 2.36 crore was collected from beneficiaries under the scheme while the cost of treatment of 6,616 people under the scheme was Rs. 2.53 crore during the year under review.