Bangaluru 14.04.2022:- The Board of the Bharat Co.operative Bank Ltd., diseminating fiscal position of the Bank achieved during the financial year 2021-2022 making Gross Profit more than Rs.10 Crores. The Board contest the information published by some of News Papers listing the Bank under the caption “41 Urban Co.operative Banks reeling under losses” is far from the truth and the Bank is in sound financial position. There are no misuse or misappropriation of frauds, cheating in any manner as per recent audit conducted by cooperative department and inspection conducted by Reserve Bank of India.
It is clarified that the customers, depositors of the Bank need not be afraid of false information published by News Papers which shall not depicts the actual facts. The Board committed to strive to work hard to safeguard the interest of stakeholders, depositors and stepping towards progress of the Bank in the future also.
– Dr.M.C.Jagath – President
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