Annual General Body Meeting
82nd Annual General Body meeting of Shree Subrahmanya Sahakara Sangha Ltd., was held on Sunday, the18th August 2019, at Shree Subrahmanya Shathamanotsava Sabha Bhavana, Mangaluru, presided by Sri Karuna Rao Belle, President.
Shree Subrahmanya Sahakara Sangha is on growth path in Deposit, the Sangha achived 21.53% growth over the previous year, reaching a sum of Rs.69.60 crores as on 31.03.2019. The growth under loans and advances were 34.16% and has crossed Rs.62.00 crores as on 31.03.2019 With a net profit of Rs 58.95 lakhs, the growth recorded was 94.17% over previous year. Sangha had declared 12.50% dividend to its members for the year 2018-19.
The Sahngha, plans to open 4 new branches during the year, at Kadaba, Mangalore (South), Moodabidri in D.K District and Uppunda in Udupi District. Members are requested to contact nearest branches to avail the various benefits, like higher rate of interest on deposits, competitive rate of interest on loans.