Mysuru, Sept. 27 -- The over century-old The Mysore Co-operative Bank located at Gandhi Square in the heart of the city, has recorded a net profit of Rs. 1.40 crore.

Announcing this during the Bank's 119th Annual General Body Meeting (AGM) at Kalingarao Sabhabhavan in Dasara Exhibition Grounds here recently, Bank President J. Yogesh said that the Bank currently has 33,333 members. Pointing out that the Bank has extended a loan of Rs. 10,968 lakh, he said that the Bank has declared a 10 percent dividend.

"The quantum of NPA (Non Performing Assets), which was 32 percent earlier, has now been brought down to just 5.46 percent in 40 days during my tenure as the Bank President. The Bank is currently in a good situation and this has been poss...