Shivalik Mercantile Co-operative Bank on Saturday said it is hopeful of crossing Rs1,700 crore business in this financial year on account of increasing customer base. In 2015-16, the bank’s business stood at Rs1,405 crore.
“Growing steadily at 38 per cent per annum, the bank recorded an increase in the number of its customers also, while accumulating aggregate deposits of Rs805 crore and advances of Rs600 crore. The bank is hopeful of crossing Rs1,700 crore business at the end of current financial year,” it said.