Greater Bank Statement

Hi I would like to have the financial bank statement of the Greater Bombay Co-operative Bank Limited?

[Shaleen]

The Bank delegated M/s. R. Y. Kulkarni and Associates Chartered Accountants as Statutory Auditor of the Bank for the FY 2014-15. The Board is appreciative to them for auspicious fruition of review and advertising proposals.

Stores expanded by ` 101 cr at a development rate of 6.5%.

Advances expanded by ` 110.9 cr at a development rate of 10.9%.

63rd ANNUAL REPORT 2014-15


Business blend expanded by ` 211.9 cr with a 8.2% development.

Total wage expanded by ` 24.7 cr with a development of 12.2% amid the year.

Total costs diminished by ` 10.2 cr at 5.3% for the most part because of lessening in procurements.

Operating Profit was at ` 14.5 cr as against an Operating Loss of ` 2.2 cr in the former

money related year.

Net Profit was at ` 10.07 cr as against a Net Loss of ` 24.86 cr amid the last money related year.

Net Worth enhanced to ` 67.3 cr from ` 57.3 cr.

CRAR was at 13.3% as against RBI prerequisite of least 9%.

Gross NPAs (%) and Net NPAs (%) diminished to 6.91% and 4.62% separately as against 9.54% and 7.65% a year prior.

Net Profit of ` 10.07 cr as against a Net Loss of ` 24.86 cr:

As guaranteed in the last AGM, your Bank could recoup itself significantly from the Net Loss of last budgetary year (however the whole misfortune has not been wiped out). There was a Net Profit of ` 10.07 cr in 2014-15.

Please find the Financial Performance of the Bank attached below: