Chandigarh, July 26

HARCO Bank has set a target of Rs 100 crore net profit for the financial year 2024-25. Providing this information, bank''s managing director Dr Prafulla Ranjan said a meeting of all branch managers was held to determine this target. He said the bank has also made changes in its loan distribution schemes, increasing the home loan limit to Rs 75 lakh and the education loan limit to Rs 40 lakh.

Dr Ranjan shared details about the bank''s financial status, stating that as of June 2024, HARCO Bank has disbursed loans amounting to Rs 838.28 crore and has deposits worth Rs 4,008.37 crore. He also mentioned that the bank is fully prepared to present its schemes on its web platform and is engaging with all sections of society through the 'Hath Se Hath Milane' campaign.

The MD emphasised that this is not just a commercial corporate initiative but a step taken to fulfil the bank''s social responsibility towards Haryana.