Annual general body meeting held
Source: The Sangai Express
Imphal, September 22 2014:
The 36th annual general body meeting of the Manipur Women's Co-operative Bank Ltd Imphal was held in August last at Gandhi Memorial Hall Imphal in the presence of its Chairperson L Punyabati Devi, conveyed a press release issued by the Manipur Women's Co-op Bank Ltd.
The August general body meeting of the shareholder members of the bank received the annual report of the Board of Directors of the bank along with audited balance sheet and other statement of accounts for the year 2013-14 .
The members who attended the meeting were quite satisfied and happy to learn the commendable growth of the bank in the recent years, the release added.
Achieving a remarkable 14% growth on its net profit the bank excelled its net profit from Rs 20.9 lakh in 2012-13 to Rs 23.82 lakh in 2013-14 .
An overall 31% growth in other fields like deposits, investments and own fund was also achieved.
The release further mentioned that the non-performing assets of the bank registered a low record of 4.78% at the end of the financial year 2013-14 .
The bank is actively considering expansion of banking horizon by adding branches with due permission from the Regulatory Authority branches in the near future and has also adopted the annual performance planning of the bank for 2014-15, it contended.