Dharampeth Mahila Co-op Society achieves record deposits of Rs 1k cr

Source: The Hitavada      Date: 12 Jan 2019 11:06:50


Business Bureau,

THE Dharamepth Mahila Multi State Co-op Society Limited, Nagpur has successfully completed 24 years of operations and has entered its 25th year. This year it will be celebrating its Silver Jubilee by organising various programmes for the shareholders.

The society has achieved a record performance in growth. It has registered a business mix of Rs 1,556 crore upto December 31, 2018. This includes deposits of Rs 1,000 crore and advances of Rs 556 crore. It has also declared a dividend of 12 per cent to be distributed among the shareholders.

This was disclosed by Nilima Bawane, Chairperson of The Dharampeth Mahila Multi State Co-op Society Ltd while speaking at a press conference on Friday. She said that the society for first time has achieved to collect Rs 1,000 crore in deposits. It has set a target of mopping up Rs 1,100 in deposits by March 31, 2019. The society has total 29 branches. It has 27 branches in Maharashtra and one branch in Madhya Pradesh, she said.