The District Co-operative Central Bank Ltd., Mahabubnagar is a RBI Licensed Bank was registered in the year 1920 and started functioning from 27-03-1920. The area of operation extends to the Revenue District Mahabubnagar, Wanaparthy, Nagarkurnool, Jogulamba Gadwal, Ranga Reddy and Vikarabad. The bank is catering to the needs of the farmers through its network of 20 Branches including Head office and 77 PACS. The Bank has achieved net profit of Rs.186.65 lakhs during the year 2015 –16.
|Particulars||Position as on 31.03.2016 (Rs. in Lakhs)|
|a) Paid up Share Capital||6396.27|
|e) Loans & advances||57435.05|
|g) Working Capital||64791.87|
|h) Net Profit||186.65|
The Loan portfolio of the Bank Covers crop loans, Medium term and long term loans for Agricultural purposes. Substantial Support is being extended to the Government sponsored schemes, NFS and special Sheep Project loans etc., and also to weavers societies. The Bank has financed to Rythu Mitra Groups, SHG and JLG Groups.
Sri.K.Veera Reddy, Ex MLA