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Indian Co-op Credit Society swings back to profit; Posts impressive results
['Rohit Gupta']
Indian Cooperative
With this, the society’s total business (deposits and advances) crossed Rs 962 crore as on March 31, 2025.
Total income during the year stood at Rs 411.94 crore, driven largely by interest income of Rs 411.29 crore.
Interest expenditure amounted to Rs 281.90 crore, while operating expenses were Rs 37.60 crore, as per the audited accounts.
In accordance with its bye-laws, the society allocated portions of its net profit towards statutory and welfare funds, including the reserve fund, education fund, inflation support fund, building fund, common good fund, co-operative credit union propaganda fund and a bad debts reserve fund.
The society is working under the leadership of Sojan V. Avirachan, propelling the Indian Cooperative Credit Society (ICCSL) to new heights and emerging as one of the leading Multi-State Cooperative Societies (MSCS) in South India.