For the common good

Kerfegar Antia, chairman and managing director of The People’s Co-operative Credit Society Limited, Hyderabad, presented a cheque for Rs 69,365 to the principal of the Bai Ratanbai J. Chenoy Parsi High School in Secunderabad toward scholarship fees for seven deserving students. The function was organized at the School to commemorate Children’s Day, November 14. Khushroo Toorkey, vice chairman of the Society also handed over a cheque for Rs 5,000 to Ketayun Chenoy, administration coordinator of the School to be used for the welfare of teachers, mentions a write-up sent to Parsiana by the Society.

A few retired officers of the Bank of India established The People’s Co-operative Credit Society Limited in 2001 to help senior citizens earn a reasonable interest on their deposits as the returns offered by banks had nosedived. Many Zoroastrians of the twin cities of Hyderabad and Secunderabad have become members of the Society. Five percent of the profits of the Society are earmarked for the Common Good Fund from which these amounts were disbursed to the School.