Model Co-operative Bank Ltd. is eyeing an accelerated growth phase after attaining Scheduled Co-operative Bank status, with the management targeting higher advances, stronger CASA deposits and faster loan processing.
Addressing the Bank’s 109th Annual General Meeting held on September 9 at St. Andrew’s Auditorium, Bandra, Chairman Albert W. D’Souza said the Scheduled Bank status, announced by the Reserve Bank of India in December 2025, marked a significant milestone in the Bank’s journey.
The RBI has also approved expansion of the Bank’s area of operation to the entire States of Maharashtra and Karnataka. D’Souza said the developments had positioned the Bank to pursue further growth while thanking shareholders and customers for their continued confidence.
Reviewing the 2025-26 performance, he said deposits increased from Rs 1,240.10 crore to Rs 1,304.63 crore, while advances rose from Rs 635.14 crore to Rs 669.05 crore. The Bank maintained zero net NPA, recorded a Profit After Tax of Rs 6.41 crore and reported a Capital Adequacy Ratio of 15.28%. Its Statutory Auditors awarded it an ‘A’ class rating.
The Chairman said the Bank would seek to raise its Credit-Deposit ratio from 54% to 60% and increase CASA deposits to improve profitability. Expanding the small-value loan portfolio in line with RBI guidelines would also remain a priority.
Loan processing is being streamlined, with the Bank targeting disposal of loan proposals within seven days. D’Souza urged shareholders and customers to increase their engagement with the Bank, bring in new customers and strengthen its capital base through additional shareholding.
Vice Chairman Maxim I. Pinto said the Scheduled Bank status would bring enhanced regulatory oversight, greater credibility and access to applicable RBI facilities. He also highlighted the relocation of the Administrative Office to Milagres House, Bandra West, and the opening of the Bandra branch as key milestones.
Pinto urged shareholders to actively use the Bank’s services, including its mobile banking application, and encouraged senior citizens and other customers to benefit from its competitive deposit rates.
Director Adv. Pius Vas highlighted the Bank’s prudent risk management and sound financial position, noting that a 10% dividend had brought satisfaction among shareholders. He also stressed the importance of the Bank’s strong institutional foundation and the contribution of its leadership over the years.
On technology, Vas said the Bank was strengthening its digital platform to meet growing customer expectations for convenient and accessible banking. He encouraged members to make greater use of mobile and digital services.
The AGM concluded with a vote of thanks by Additional General Manager Zenon D’Cruz, followed by the National Anthem.
