SCDCC Bank nets Rs 12.77 cr profit

[email protected] (News Network)
May 13, 2012

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Mangalore, May 12: South Canara District Central Co-operative (SCDCC) Bank has achieved Rs 12.77 crores of profit in the year 2011-12, for the first time in its 99 years of history. With this, the Bank has surpassed the Belgaum District Cooperative Bank record and rose to number one position with highest profit.

Addressing a press conference on Saturday, SCDCC Bank President M N Rajendra Kumar said that the bank had a turnover of Rs 2,374. 66 crores as against its target of Rs 2,085 crores. “The achievement is special because the bank has distributed Rs 157 crores of loan in 2011-12 including 55 per cent of agriculture loan,” he said.

Loss in agri loan

“According to the government policy, the Bank has been giving agricultural loan at an interest of 3 per cent. But the Bank is getting the interest amount only after two years,” he said and added that in spite of the stiff competition, the Bank has achieved 100 per cent recovery of agriculture loan consecutively for 17th year.

Stating that the SCDCC Bank has collected Rs 1,317.48 crores of deposit from its 55 branches in the year 2011-12 to become the only district cooperative bank in the State to collect such a huge amount, he said the bank has given a sum of Rs 1563.63 crores as advance which is 22.99 per cent more than previous year.

Giving details about the new facilities, Kumar said that the Bank now has Real Time Gross Settlement facility (RTGS). “SCDCC bank is the only district cooperative bank to have this facility,” he said and added that the Bank is happy to inform that the Non Performing Assets (NPA) of the bank has been dipped to 2.47 per cent.

New schemes

Rajendra Kumar said that the bank has received good response from the customers on its new schemes. “Jewellery Purchasing Loan scheme has got good response from the customers. In the year 2011- 12, the bank had distributed Rs 4.70 lakh of loan under the scheme.

With regard to Yashasvini Health Insurance Project, he said that 15,80,040 members were included into the project. “An amount of Rs 2.25 crores has been credited to Yashaswini account while a sum of Rs 2.38 crore has been spent for the treatment in the year,” he said.

Pension for workers

On new technologies he said the Bank is the only district-level cooperative bank to have mobile banking facility. “The Bank is introducing core banking facility which would centralise the transactions of all branches in the district.” He also added that the SCDCC bank is the only district co-operative bank to introduce pension plan to bank workers.

SCDCC Bank Vice President Vinay Kumar Soorinje, Directors M Vadiraj Shetty, K S Devaraj, B Raghuram Shetty, Sadashiva Ullal, Raju Poojari, Managing Director M Gopalakrishna Bhat and Cooperative Organisations' Deputy Manager P R Palangappa were present.

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News Network
December 16,2025

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Melkar (Bantwal): The 9th Annual Day celebration of SMR Public School, titled “EXCELLENTIA”, was held on December 15 with great enthusiasm and dignity, marking a significant milestone in the institution’s journey towards academic excellence and holistic development.

The programme was inaugurated by Dr. U. T. Iftikar Ali. The chief guests were Dr. Akhtar Hussain, Mr. P. Moosabba Beary, Mr. Zakaria Jokattre, and Dr. T. M. Abdul Rahuf—whose inspiring addresses motivated the students and appreciated the school’s contributions to education.

Mr. Abdul Nasir, Mr. Ibrahim Gadiyar, Mr. Razak Golthamajal, Mr. Sali Koya, Mr. Arshad Hussain, Mr. Ismail Balanoor, Mr. Feroz Bawa, Mr. Sahul Hameed, Mr. Abubakkar, Mr. Hameed K. Mani, Mr. Abdul Majeed (Principal, Melkar Women’s College), and Mr. Abdul Lathief (Former Principal, Melkar Women’s College) were the guests of honour.

The Annual Report was presented by the Headmistress, Ms. Fathimathul Zaheera, highlighting the school’s achievements and progress during the academic year. The Presidential Address was delivered by the Chairman of SMR Public School, Dr. Haji S. M. Rasheed, who emphasised the vital role of education in shaping students’ futures and stressed the importance of discipline, dedication, and consistent effort in achieving 100 per cent academic results.

Secretary of SMR Public School, Mr. Rifath Ahmed, and PTA President, Mr. Sandeep Kumar, were also present on the occasion.

The Annual Day celebration showcased the collective efforts of students and teachers and reaffirmed the school’s commitment to quality education and all-round development. The programme concluded with a vote of thanks, expressing gratitude to all dignitaries, parents, and well-wishers for their support. The 9th Annual Day—EXCELLENTIA—was a memorable and successful event, leaving a lasting impression on everyone present. 

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News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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