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Mangaluru: SCDCC Bank Chairman M N Rajendra Kumar said the bank has done a turnover of Rs 6748.84 crore. The targeted business turnover for 2018-19 is Rs 7700 crore. The South Canara District Central Cooperative (SCDCC) Bank has registered a profit of Rs 28.63 crore as on March 31, 2018, the highest ever so far in the history of the bank. The bank had posted a profit of Rs 24.07 crore last year.
He said the robust loan payment has helped the bank to post the profit. The bank has collected a deposit of Rs 3561.24 crore in its 105 branches in 2017-18. It has lent Rs 1,199.48 crore loan to the agriculture sector and has achieved 100% recovery of farm loan for the 23 consecutive years, he said.
Rajendra Kumar said 84,000 RuPay cards have been given to the farmers already. The RuPay debit cards have been given to 43,621 customers.
The SCDCC Bank is mulling over implementing common software for all the agriculture credit cooperative societies in Dakshina Kannada and Udupi districts.
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