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THE GADCHIROLI DISTRICT CENTRAL COOPERATIVE BANK

Jan 21, 2020 351

HISTORY:

GDCC will successfully complete its 29 years of operations. With growth in all aspects of banking, the bank has earned a net profit of Rs. 924.85 Lacs during the period 2013-2014

Several cooperative societies of the district of Gadchiroli have bought the shares of the bank in order to provide capital to the bank GDCC.

According to the amount of capital recommended by NABARD the capital of the GDCC bank is 20.08% which is sufficient. In accordance with NABARD rules and regulations, this capital must not be less than 9%.

Due to the various plans launched and successfully managed by the GDCC bank for Mahila Bachat Gat and self-help groups, the bank has been awarded the prestigious NABARD award for the last 5 years, which is a great honor for the bank.