Nanded, Maharashtra: The Godavari Urban Cooperative Credit Society has crossed a total business volume of ₹5,561 crore during the financial year, recording another year of growth and profitability.
The performance was highlighted at the society’s 13th Annual General Meeting (AGM) held in Nanded. The institution reported a net profit of ₹29.32 crore and announced a 7% dividend for its members.
Presenting the annual report, Managing Director Dhananjay Tambekar said the society’s deposits had reached ₹3,079 crore, while loan disbursements stood at ₹2,481 crore. Together, these figures took the institution’s total business to ₹5,561 crore.
President Rajashri Patil attributed the financial performance to disciplined operations, transparent management and a continued focus on customer-oriented services. She said the institution would continue its efforts to strengthen its position in the cooperative financial sector under the guidance of Founder President and MLC Hemant Patil.
The society’s performance also drew appreciation from public representatives. Former MLA Shankar Dhondge praised its financial management and transparency, while MLAs Balaji Kalyankar and Anand Bondharkar conveyed their best wishes to the institution and its members.
The results presented at the AGM underline Godavari Urban’s continued expansion in deposits, lending and overall business, while the declared dividend reflects the institution’s financial performance and its focus on member benefits.