The Citizens Urban Co-operative Bank ltd has touched new heights during the short span of 23 years. It has occupied a key place in the urban cooperative movement of Punjab and now is the largest urban co-operative bank in northern India.
This was disclosed by KK Sharma, Director, National Federation of Urban Co-op Banks & Credit Societies Federation (NAFCUB), New Delhi, while addressing the 24th Annual General Meeting of the bank held at the corporate office of the bank at Jalandhar. The meeting was chaired by Sudershan Sharma, chairperson of the bank.
Sharma felt pride in sharing his views by expressing incredible growth of the Citizens Urban Co-op Bank ltd during the financial year 2012-’13 by announcing that the bank has touched new heights and has surpassed the business of Rs 700 crore. The net profit of the bank after tax has increased to Rs 420 lakh.