Chairman’s Speech
Beloved members,
Having in vision various efforts, aims and motos your this vasavi vividoddesha souharda sahakari niyamita was materialized on day 12-08-2011 with the senior interest in promoting all round upliftment of our beloved citizens of Gangavathi with a lot of financial projects especially with a view to extend financial assistances to the economically backward community through Loans and advances which is the main purpose offered institution.
Chairman
Performance of the Society
In spite of tremendous computations of other commercial banks during year 2016-17 a sum of miraculous net profit of 67 lakhs is our achievement along with extending satisfied services to our customers which is to be definitely applauded we are proud to admit that a numbers of society shareholders and their deposits are fast progressive from year to year still now.
Business Growth
During year 2016-17 our Society has completed total turnover of Rs 38 cores which proves that a development to a tune of 5.26% percentage at the end of the year 2016-17 is the total deposits in our society reached the height of rupees 21.29 cores along with the loans and advances reaching a dizzy height of 16.73 cores rupees.
Expansion of coverage of our society
In the days to come, our Society has the magnum opus of extending our business activities to Gulbarga division also which is our present burning aim.
