HARCO Bank sets a target of Rs. 100 crore net profit

Chandigarh – HARCO Bank has set a target of Rs. 100 crore net profit for the financial year 2024-25. Providing this information, the bank’s Managing Director/CEO, Dr. Prafulla Ranjan, stated that a meeting of all branch managers was held to determine this target. He mentioned that 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 Managing Director emphasized that this is not just a commercial corporate initiative but a step taken to fulfill the bank’s social responsibility towards Haryana. In the field of technology, the bank is providing various services to customers using advanced technology, including lockers, RuPay debit cards, flexible loans, mobile banking, RTGS/NEFT/UPI facilities, as well as micro ATMs and mobile ATMs.