Mysuru: The Mysuru Merchants Co-operative Bank of the city has announced a 25 percent dividend for the Bank members.
Making the announcement during the Bank’s 67th Annual General Body Meeting (AGM) held at a Convention Hall in Paduvarahalli here recently, Bank President C.V. Somashekar said that the Bank has recorded a net profit of Rs. 7.96 crore in 2025-26.
Pointing out that the Bank has advanced loans amounting to Rs. 324.07 crore as on Mar. 31, he said the Bank Deposit stands at Rs. 464 crore, with a own investment of Rs. 97.82 crore. The Bank has a working capital of Rs. 588.03 crore, he added.
Senior members of the Bank — L. Brahmarambha, S. Bhagya, P. Vanajakshi, T. Venkatesh, A.H. Narayanappa, R. Leeladhar, M.N. Jayashankar, C.S. Vijaya Chaudhuri, A.P. Shivajirao, M.B. Bhaskar, K. Govindaraju, Rameshchandra, M.V. Shivalingaswamy, S. Jayaprakash, V.D. Murthy, M.C. Somashekar and K. Mariswamy Gowda — were feted on the occasion.
Bank Vice-President M.N. Mahesh, General Manager B.P. Shivakumar, Directors N. Kannan, R. Anand, B.R. Nandish, B. Kodandarama, N. Sudha, K. Premkumar, C.S. Gangambike, R.P. Krishnamurthy, N. Raghava, S. Rachappaji, M.R. Vijayalakshmi, S. Anuradha, Board of Management Members M.K. Girish, P. Shamanthkumar, K. Karun and others were present.
This post was published on July 28, 2026 7:30 pm