HARCO BANK

The Short Term Coop. Credit Structure consisting of three tiers i.e. HARCO BANK at State Level having13 branches and two Extension Counters at Chandigarh and Panchkula,19 Central Coop. Banks at district head quarters with their594 branches and 711 PACS working across the State is catering to the financial needs of 31.25 lacsmembers who are residing mostly in rural areas of Haryana. The various activities undertaken by the Bank are mobilization of deposits, raising of funds/borrowings from various higher financing agencies like RBI/NABARD, State Government, NCDC etc. on its behalf and on behalf of the members and to provide credit to its members for agriculture, marketing and processing, consumption, manufacturing, trading, housing, transport, distribution and stocking etc. purposes in the State and serving its depositors for the last 50 years.

HARCO BANK

FINANCIAL POSITION

From the humble beginning in November, 1966, this bank has grown into a sound financing institution of outstanding credit worthiness. The following figures reveal its sound financial health:

(Rs. in Crores)

S.No Particulars 1966-1967 2011-12 2012-13 2013- 14 2014-15 2015-16 August, 2016
I. Share Capital 0.53 101.74 114.31 119.1 132.61 137.99 138.26
3II Own Fund 0.82 494.64 524.29 538.12 566.45 756.53 755.14
II Deposits 1.16 2130.9 2375.82 2057.34 2179.55 3104.91 3926.22
IV Borrowings 6.47 3404.41 3655.23 3941.97 4425.04 4025.27 3934.32
V Loan Issued 5.75 4676.69 4909.01 5627.14 6748.6 7608.07 2803.54
VI Loan O/S 7.47 4515.33 4962.42 5184.58 5904.08 6318.6 6725.9
VII Profits/Loss 0.04 18.69 30.21 21.98 16.23 23.8 -
VIII Recoveries % 97.49 99.95 99.96 99.95 99.95 99.96 -
IX Total Overdue as % to Loans Outstsanding - 0.05 0.05 0.05 0.05 0.04 -
X NPAs % - 0.05 0.05 0.05 0.05 0.04 -
XI Wkg. Capital 8.6 6070.63 6620.72 6604.68 7245.08 8029.5 8751.53

To know more visit: www.harcobank.nic.inExternal website that opens in a new window

Email Id : harcobank@yahoo.com, cbsharcobank.haryana@gmail.com

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