The Calicut City Service Cooperative Bank has achieved a distinction by mobilising deposits of over Rs.400 crore during 2012-13. It also carried out transactions to the tune of Rs.4,950 crore in the last fiscal year.
Bank chairman C.N. Vijayakrishnan and vice-chairman T.M. Velayudhan said the growth in deposit mobilisation was 32 per cent compared to the previous fiscal. Total deposits were Rs.403 crore and outstanding advances Rs.327 crore. The profit achieved was Rs.2.16 crore. The bank would try to give the shareholders a dividend of 25 per cent similar to the previous year, they said.
Since its inception a decade ago, the bank had started six branches, including a mobile one last year. This year, the bank had planned a tie-up with a major IT company to provide laptops to 10,000 college students with loans at low-interest rates.
He said the bank had envisaged a project to distribute medicines to senior citizens at home. Dialysis units functioning under the bank were providing service at low cost to patients. Treatment was provided free in three units.
The construction of the a cancer hospital at Chuloor, near Mavoor, was on.