• search

HCBL net doubles to Rs 239 lakh

Written by: Staff
Subscribe to Oneindia News

Lucknow, Apr 5 (UNI) The Hindustan Co-operative Bank Limited (HCBL), a new generation co-operative bank, has doubled its net profit to Rs 239 lakh for 2005-06, as compared to previous year's net profit which stood at Rs 112 lakh.

HCBL Chief Executive Officer Pawan Kapoor said here today that the Bank's customer base was fast increasing and its turnover during 2005-06 stood at Rs 6,000 lakh.

The Bank has introduced a concept of customer delight by branding it as ''Bank in your pocket'' through mobile banking. At present HCBL is paying 50 per cent interest to senior citizens and army personnel on term deposits, Mr Kapoor added.

He further said that HCBL's thrust was customer fund safety and to invest the fund as per RBI directives. The Bank's advances were fully safe and its Net NPA was zero.

The Bank plans to expand its operations by opening new branches and ATMs in Lucknow.

UNI ARS SS BS2144

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more