Padubidri CA bank to build "Sahakari Bhavana"

Padubidri, September 15th, 2015:  In order to have its own building, Padubidri CA bank has purchased land worth Rs. 1.35 crores on the side of the highway and it will be building a "Sahakari Bhavana" at a cost of Rs. 3 crores.  This was announced by the bank president Y Sudhir Kumar at the annual general body meeting held at the Billava Samaja Seva Sangha Auditorium, on Monady, September 14th.

There has been a steady increase in bank's annual profit for the last 10 years and the bank has been giving 25% dividend to its shareholders for the last 4 years.  This years profit has been over 1 crores.

The deposits have crossed Rs. 57 crores and the jewel loan has been given more importance.  97% loan recovery has been achieved.  "Deposits worth Rs. 10 crores have been collected this year alone," the president said.

Last year scholarships amounting 10to Rs. 2.10 lakhs were distributed to the members' children and this year it would distributed on December 18th, during Navodaya CA Bank programme.  Mediclaim facility is given to the staff and Yashaswini health insturance protection plan is in force for the members.

Regarding fertiliser subsidy, Mr. Sudhir Kumar said that 10% subsidy is given for the purchase of fertilisers and on demand from the members plans are in hand to increase it to 15%.

Y. Sudhir Kumar presided.  Vice president Gururaj Poojary, directors Rasool Y.G., Girish Palimar, Shivaram Shetty, Yashawant PB, Rajaram Rao, Madhava Acharya, Sundara Devadiga, Sucharita L. Amin, Kusuma M. Karkera and Balakrishna Rao were present.  CEO of the bank P. Srinivas Achar compered and presented the