The Badagabettu Credit Co-operative Society Ltd., Udupi, held its Annual General Meeting (AGM) for the year 2024-25 on Sunday at Smt. Ammanni Ramanna Shetty Hall, Udupi, under the chairmanship of Mr. Jayakar Shetty Indrali, President of the Society.
Presenting the Annual Report and Accounts, General Manager Mr. Rajesh V. Sherigar announced that the Society closed the financial year with:
- Membership: 21,519 members
- Share Capital: ₹4.83 crore
- Deposits: ₹573.19 crore
- Outstanding Loans: ₹476.99 crore
- Annual Business Turnover: Over ₹2,956 crore
The Society posted a net profit of ₹15.47 crore for the year and declared a 15% dividend for its members.
As part of its community service initiatives, the Society honored 13 civic workers serving near its head office and felicitated Ms. Deeksha V. of Arooru, Brahmavar, who entered the Golden Book of World Records by performing continuous Bharatanatyam for 216 hours.
Recognized for its excellence, the Society recently received the “Sadhana Award” at the Annual General Meeting of the SCDCC Bank Ltd, Mangaluru, for its all-round progress in 2024-25. This marks the 19th consecutive year that the Society has won a district-level award, adding to its record of 2 national awards and 9 state awards.
Highlighting its digital initiatives, the Society introduced the “Chetana Mobile App”, offering secure mobile banking services. In addition, daily deposit collections are now enabled through the Pigmy Mobile App. Officials noted that the Society continues to invest in modernization while allocating nearly ₹25 lakh annually for education, healthcare, cultural, and social activities.
The Society also provides a wide range of services, including safe deposit lockers, e-stamping, PAN card facilities, Aadhaar & e-KYC services, Western Union money transfer, health cards, insurance services, missed-call banking, and free SMS alerts.
The meeting was attended by Vice President Mr. George Samuel, Directors Mr. Sanjeev Kanchan, Mr. L. Umanath, Mr. Purushotham P. Shetty, Mr. Haji Sayed Abdul Razak, Mr. Vinay Kumar T.A., Mr. Padmanabha K. Nayak, Mr. Sadashiva Nayak, Mr. Sadhu Salyan, and Ms. Jaya Shetty. The felicitation program was compered by Mr. Naveen K., Manager of the Malpe Branch, and the vote of thanks was delivered by Assistant General Manager Mr. Praveen Kumar.