Excelsior Correspondent
UDHAMPUR, Nov 4: Devika Urban Cooperative Bank Limited held 14th Annual General meeting, to approve the balance sheet and profit and loss account for the year 2011-12.
Rakesh Sharma, Manager and CEO of the bank, presented the welcome address.
Diwakar Gupta, Chairman of the bank, presided over the meeting and while speaking, highlighted the overall performance of the bank.
He said that deposits of the bank have been increased by 736.61 lakh from Rs 1721.10 lakh to Rs 2457.71 lakh, adding, that the bank has earned a gross profit of Rs 52.52 lakh.
Keeping in view the performance of the bank, the Board of Directors recommended 12 per cent dividend on the shares, which was approved by the shareholders, he informed.
Chairman urged all the shareholders and public to invest more in shares, since the limit of individual share capital has been increased by Rs 1 lakh.
Present among others were Board of Directors including Vikram Singh Slathia, Vice Chairman, Bharat Bhushan Gupta, Dina Nath Bhagat, Sunny Mahajan and Bodh Raj.
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