Mumbai based the Bombay Mercantile Co-operative Bank Ltd. (BMC Bank) has crossed a major business milestone, with its total business touching Rs 4,165 crore during Financial Year 2025–26, marking nearly 6% growth over Rs 3,925 crore recorded in the previous year.
The strong performance was highlighted at the Bank’s 89th Annual General Meeting, held on Friday at Haj House, Mumbai. Addressing shareholders, Chairman Zeeshan Mehdi said the achievement reflected the Bank’s continued focus on sustainable growth, financial discipline and improved customer service.
The Bank recorded an Operating Profit of Rs 66 crore, registering an impressive 65% increase during the year. More significantly, Net Profit surged from Rs 2.38 crore to Rs 14.37 crore, reflecting a substantial turnaround in profitability.
Speaking on the performance, Mehdi said the results were the outcome of the collective efforts of the Board, management and employees, backed by the continued confidence of shareholders and customers. He added that the Bank would focus on consolidating the gains and building a stronger, more efficient and sustainable institution.
Interim Managing Director Ishraq Ali Khan said the Bank’s deposits grew 6.42% to Rs 2,700 crore, while advances increased 5.54% to Rs 1,465 crore. The Bank also made notable progress in asset quality, with Gross NPAs declining by 15% from Rs 84 crore to Rs 71 crore.
The Gross NPA ratio stood at 4.84%, while the Net NPA ratio improved to 1.44%. Meanwhile, the Bank’s CRAR strengthened to 13.70%, remaining comfortably above the regulatory requirement.
Adding further momentum to the Bank’s performance, its Foreign Exchange Business grew by a robust 42% to Rs 12,896 crore.
Khan attributed the improved profitability and asset quality to focused recovery initiatives, prudent lending, stronger financial management and greater operational efficiency. Going forward, he said the Bank would continue investing in digital capabilities, cybersecurity and customer service, while maintaining financial discipline and sustainable growth.
The FY26 performance marks an important step forward for BMC Bank as it seeks to strengthen its position in the competitive cooperative banking sector.
