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

REGD. NO. MSCS/CR-27/92
"Ordinary Loan Application Softcopy is now available for download & use by Members. It is under Downloads Menu option. Members can send the filled-in form, duly signed to Society Office."

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
31/03/2017
As on
31/03/2018
As on
31/03/2019
As on
31/03/2020
As on
31/03/2021
Membership 12631 12228 12138 11787 11387
Working Capital(C.A LOANS,R&S) 143.79 145.01 147.03 159.40 151.77
Share Capital 12.43 12.75 13.83 14.69 15.17
Thrift Deposit 79.97 86.30 93.98 99.43 104.90
Recurring Deposit 2.82 2.96 2.78 2.63 2.50
Fixed Deposit 79.58 71.40 50.89 43.72 36.12
Reserve Fund 10.27 12.31 13.92 15.71 17.98
Loans to Member 145.78 140.99 157.94 170.81 165.31
Investment with Coop.Bank, TCF 52.78 59.63 34.54 23.21 29.92
Borrowing from Banks
Profit 4.95 4.60 5.07 6.48 5.99
Lending Rate 10.75% 10.50% 10.00% 9.75% 9.25%
T.D.Interest Rate 8.75% 8.25% 7.75% 7.50% 7.25%
Dividend 20% 22% 20% 20% 20%
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