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LARSEN & TOUBRO GROUP EMPLOYEES' COOPERATIVE THRIFT & CREDIT SOCIETY LTD

REGD. NO. MSCS/CR-27/92

Features

  1. The Society has no overdue loans from the beginning.
  2. The Society won the "Best working Society Award" in the State of Tamil Nadu for the year 1991 and also won the "Best working Society Award" in Chennai Region for the year 1990 and 1991 consecutively.
  3. The Society is administered by an elected board of directors and the day to day operations are managed only by 6 permanent staff including the Secretary.

Comparative Statement showing the Growth of the Society during the last 5 years
(Rs. in crore)

Particulars As on
31/03/09
As on
31/03/10
As on
31/03/11
As on
31/03/12
As on
31/03/13
Membership 4586 6077 7260 8603 10056
Working Capital 35.54 55.55 70.35 93.78 109.58
Share Capital 3.43 4.66 5.80 7.14 8.61
Thrift Deposit 9.44 13.06 17.47 22.89 29.24
Recurring Deposit 0.63 1.02 0.88 1.73 1.92
Fixed Deposit 19.09 28.18 38.37 51.78 60.15
Reserve Fund 1.77 2.10 2.45 3.18 4.13
Loans to Member 34.03 46.84 63.41 85.15 103.25
Investment with Coop.Bank, TCF 0.60 4.30 3.50 4.00 7.00
Borrowing from Banks 3.17 0.00 2.00 0.00 0.00
Profit 0.95 1.00 1.88 2.63 3.14
Lending Rate 12.50% 11.00% 11.75% 12.00% 12.00%
T.D.Interest Rate 10.50% 9.00% 9.50% 9.50% 9.50%
Dividend 18.00% 16.00% 18.00% 18.00% 18.00%
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