Mangaluru :  SCDCC Bank Chairman M N Rajendra Kumar announced, profit and loss accounts of financial year 2016-17  on Monday. The bank gained profit of Rs 21.84 crore with a total turnout of Rs 5,883.66 crore, Rs 3,201.64 crore deposits and Rs 2,382.05 crore advances. Addressing reporters  Rajendra Kumar said despite demonetisation, the bank has […]

Mangaluru : The police on Friday registered a case against Chairman of the South Canara District Central Co-Operative Bank Ltd. M.N. Rajendra Kumar for allegedly threatening a bank employee for causing loss to the bank. In a complaint filed before Mangaluru North Police on Thursday, Chandraprakash, an office-bearer of the employees union of the bank, […]

Mangaluru: “The time limit to repay the various loans of farmers has been extended till February. This should be extended for two more months,” said SCDCC Bank President Dr M N Rajendra Kumar. He was speaking after inaugurating state level workshop on problems facing by co-op societies in changed economical conditions in the country and […]

Mangaluru: Dakshina Kannada Zilla Panchayat Chief Executive Officer M R Ravi expressed displeasure at the failure of the bankers to seed Aadhaar number of job card holders under Mahatma Gandhi National Rural Employment Guarantee (MGNREG) Scheme to their accounts. Speaking at district-level review committee meeting for banking development and release of Nabard’s potential-linked credit plan […]

Mangaluru: Officials from Enforcement Directorate (ED) and Income Tax (IT) department continue to check-out the documents, records of South Canara District Credit Cooperative (SCDCC) Bank at its head office in the city for the third day on Wednesday in connection with the Rs 386.65 crore deposit made within five days (from November 8 to 14) […]

Mangaluru: Officials from the Enforcement Directorate and the Investigation wing of the Income Tax Department continued their investigation of the alleged money laundering by the South Canara District Central Cooperative Bank at its head office in Mangaluru on Tuesday. The officials had visited the head office on Monday too in connection with the investigation. However, […]

Mangaluru: “Defamation case will be filed against the media channel who has spread lies about SDCC Bank,” said SCDCC Bank President Dr Rajendra Kumar. Addressing the press reporters in a press conference at SCDCC Bank on Saturday, he said that it is pre planned and intentional lie. “If the media channel has the documents related […]

Mangaluru: “Digitalised banking by cooperative societies can be the solution for the problems of coopearative sector,” said SCDCC Bank President Dr M N Rajendra Kumar. He was speaking in training programme of co-op society’s presidents and CEOs held on Friday by DK Co-op Union. “Core banking, RTGS/NEFT and other value added services should be provided […]

Mangaluru: “There is a need to fight against the decisions of the Central government and RBI legally for allowing the customers of cooperative banks to withdraw same amount of money from current account from the cooperative banks also,” said SCDCC bank President Dr M N Rajendra Kumar. He was addressing the gathering in a meeting […]

Mangaluru: “Demonetisation policy has compelled the co-operative sector to shut down all the business. Weakening the co-operative sector was the propaganda of introducing demonetisation policy,” said co-operative Minister H S Mahadevappa. He was addressing the gathering after inaugurating the 63rd All India Co-operative Week at Nehru Football Stadium on Friday. “Customers of co-operative societies are […]