Financial performance of Irinjalakuda primary cooperative agricultural and rural development bank. Ltd. R. 312: An analysis
Niranjana Chandran, Dr. G Veerakumaran, Dr. E Vinaikumar
Primary Co-operative Agricultural and Rural Development Banks (PCARDBs) are playing an important role in promoting capital formation in agriculture and rural sectors in the State through its long term investment loans. However, a good number of them are running at loss and their NPAs are mounting over the years. Hence, the study aims at evaluating the financial performance of Primary Cooperative Agricultural and Rural Development Bank by studying the case of Irinjalakuda Cooperative Agricultural and Rural Development Bank (ICARDB) located in Thrissur district of Kerala which is the best performing bank in the state a few years back and there by examining the financial ambiguities existing in the bank. The study found that the bank is in loss. Therefore, it is suggested to elevate the performance of the bank by increasing their efficiency in proper deployment of funds and thereby increasing profitability level by acquiring suitable developmental practices.