HP Co-op Bank earns Rs 29.40 cr profit

Shimla, Oct 13 (UNI) Himachal Pradesh State Co-operative Bank Ltd has declared Rs 29.40 crore net profit for year 2007-08.

This was stated by the Bank chairman, Mr Kushi Ram Balnatah, who presided over the 45th general annual house meeting of the HPSCB bank here today. As many as 46 delegates attended the meeting.

Mr Balnatah said that Rs 442.17 crore would be the approved proposed budget of income for the year 2008-09 and Rs 333.07 crore would be the expenditure incurred by the Bank.

The maximum credit limit of Rs 5626 crore of the Bank for the year 2008-09 was also approved in the gerneral house meeting, he added.

UNI XC PS VN1442