Mysore/Mysuru: The 108th Annual General Body Meeting (AGM) of the Muslim Co-operative Bank Limited was held on Sunday in the 2nd floor of the Main Branch Building on New Sayyaji Rao Road in city.
Bank President Dr. Abdul Ravoof, who is also an Orthopaedic Surgeon, presented the Directors’ Report and Audited financial statements for the year 2022-2023.
He also spoke in detail about the overall development of the Bank and requested the loanees to repay their monthly instalments on time to reduce the percentage of NPA, which is very important for the expansion activities and overall development of the Bank, which is serving the community since 108 years.
Dr. Abdul Ravoof informed the share holders that the Bank has earned Rs. 1.66 crore profit during the year 2022-2023. The Board of Management proposed 15 percent as dividend for the year 2022-2023 which was raised to 20 percent on the demand from share holders.
The meeting began with the recitation of verses from the Holy book of Quran by young Moulana and Hafiz Umez Saheb.
On the occasion, children of the Members of the Bank who excelled in II PUC and SSLC examination held in the year 2022-2023 and senior share holders of the Bank were felicitated.
Bank Director Abdur Rahman Shariff welcomed.
Manager of Main Branch Md Khaleel-ulla Shariff presented the proceedings of the previous AGM.
Bank Director Md Akram proposed a vote of thanks.
Directors Rahmath Ulla Sharifff and Abdur Rahman Shariff were also present.
This post was published on September 6, 2023 7:32 pm