Minister for Cooperation S.T. Somashekar on Monday said Kodagu’s cooperative banks had been impressive in their performance as loan repayment by borrowers in these institutions was almost 99 per cent and they were among the State’s top cooperative institutions where loan repayment was remarkable.
As many as 10 cooperative institutions in Kodagu had completed 100 years of their services and every such institution in the district had an impressive record in loan repayment, he added.
Speaking after inaugurating the centenary celebrations of Kushalnagar PLD Bank in Kushalnagar, he said 21 DCC banks in the State were in profit and added that the State had 5,477 PLD Banks. In Kushalnagar bank, there had been an increase in deposits, membership, working capital, and profit in the last five years.
