TAASIR :- S M HASSAN 24 APRIL
Mumbai, April 23- Demonstrating a strong balance between financial excellence and social responsibility, the State Cooperative Bank has reported a record net profit of Rs.702 crore for the financial year 2025–26. This milestone reflects consistent growth, transparent governance, and a people-centric approach that continues to set benchmarks in the cooperative banking sector.
The bank’s performance has been driven by prudent risk management, technological modernization, and coordinated efforts of its workforce. Despite external challenges, including regulatory provisions mandated following volatility in the bond market amid global conflict conditions, the bank maintained robust profitability. Officials indicated that, without such provisions, net profit could have approached Rs.910 crore.
A key highlight of the bank’s journey is its consistent upward trajectory in profitability. Over the past five years, net profits have steadily increased from Rs.603 crore in 2022 to Rs.702 crore in 2026, underlining sustained operational strength and strategic planning.
The bank also reinforced its commitment to social responsibility. It contributed Rs.10 crore to the Chief Minister’s Relief Fund for farmers affected by unseasonal rains, introduced a monthly pension of Rs.10,000 for employees retired after 2024, and launched healthcare support schemes offering Rs.5,000 monthly assistance for critical illnesses and surgical aid. Additionally, Rs.95 lakh was allocated to support indigenous sports and cooperative initiatives.
Financial indicators further reflect strong fundamentals, with total business reaching Rs.56,250 crore, own funds at Rs.8,160 crore, and net worth at Rs.5,745 crore. The Capital Adequacy Ratio stands at a healthy 18.30%, while Net NPA remains controlled at 1.65% with an 82% provision coverage ratio.
Embracing digital transformation, the bank has also established the country’s first cooperative cyber security center in Vashi and expanded services like UPI and QR-based transactions.
This achievement positions the bank as a model institution combining growth with social accountability.