Rupee Co-op FY20 profit at Rs 20 crore

Mumbai: Pune based Rupee Co-operative Bank, which is under directions of the RBI, has earned an operating profit of Rs 19.55 crore in FY20, the bank said in a press release. The bank has been under an RBI-appointed administrator for four years and has made a bad loan recovery of Rs 258.10 crore. It has total deposits of Rs 1,289.72 crore and loans of Rs 298.50 crore with around 5 lakh depositors and 35 branches across Maharashtra.