Wed Sep 03 13:32:00 UTC 2025: Okay, here’s a summary of the text and a rewritten version formatted as a news article:

**Summary:**

The South Canara District Central Cooperative (SCDCC) Bank in India has announced record profits and a dividend for shareholders. At its 111th annual meeting, bank president M.N. Rajendra Kumar highlighted the bank’s success, exceeding targets, embracing technology, and serving customers through various schemes. The bank’s financial performance is impressive, with high deposits, advances, and working capital. It has also excelled in crop loan recovery and supported self-help groups. The bank has received multiple awards for its performance.

**News Article:**

**SCDCC Bank Announces Record Profits, 10% Dividend for Shareholders**

**MANGALURU, Sept. 3, 2025** – The South Canara District Central Cooperative (SCDCC) Bank announced a record net profit of ₹110.41 crore for the fiscal year 2024-25, prompting the declaration of a 10% dividend for its shareholders. The announcement came during the bank’s 111th annual general meeting.

Bank president M.N. Rajendra Kumar, addressing the meeting, emphasized the bank’s adaptability and commitment to customer service in a competitive market. He highlighted the implementation of Internet and core banking facilities, along with plans for Inter Bank Mobile Payment Systems and Unified Payment Systems. The bank also intends to open 10 new branches this fiscal year.

“Adapting to changes has been the strength of SCDCC Bank” Kumar said.

SCDCC Bank has exceeded targets, with total transactions reaching ₹17,366.68 crore in 2024-25. The bank also boasts impressive deposit collection of ₹7,882.76 crore, making it the top District Central Cooperative Bank in the state for deposit collection. Advances reached ₹7,775.44 crore, and the working capital stands at ₹12,764.99 crore. The bank has 1,086 cooperative societies as members, with a total share capital of ₹476 crore.

Notably, the SCDCC Bank has achieved 100% crop loan recovery for the past 30 years, a testament to its strong relationship with farmers. The bank also supports 34,621 self-help groups, with total savings of ₹174.31 crore and advances of ₹497.36 crore.

The SCDCC Bank has received the Apex Bank Award for its overall performance 23 times, including for 2024-25, and the Atal Pension Yojana National Award four times, including for the year under review.

During the meeting, the bank felicitated various cooperatives for their performance. Udupi MLA Yashpal Suvarna, bank vice-president Vinay Kumar Soorinje, and other directors were also in attendance.

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