Mumbai-based Citizencredit Co-operative Bank reported total business of Rs 4,913.30 crore as of March 31, 2026, registering a 1.26% increase over the previous year, even as advances and net profit moderated. The figures were presented to shareholders at the bank’s 29th Annual General Meeting (AGM) held on Thursday.
In the current financial year, Citizencredit Co-operative Bank has continued its growth momentum, with total business rising to Rs 5,050 crore as of September 15, 2026, compared with Rs 4,913.30 crore as of March 31, 2026.
Chairman Arvind Pinto, while presenting the bank’s annual performance, highlighted its strong capital position, growing deposit base and continued focus on asset quality, risk management and technology-led banking.
He said the bank remains focused on strengthening its financial position while adapting its lending strategy to changing regulatory requirements.
Deposits emerged as a key growth area, rising 4.50% to Rs 3,387.37 crore from Rs 3,241.62 crore. Current and savings deposits increased 4.69% to Rs 1,395.16 crore, with savings deposits alone growing 5.10% to Rs 1,275.82 crore. Term deposits stood at Rs 1,992.22 crore, up 4.36%.
The bank posted a net profit of Rs 21.21 crore in FY2025-26 against Rs 22.61 crore a year earlier. Net interest income declined to Rs 107.72 crore from Rs 111.37 crore, while operating profit stood at Rs 36.82 crore.
Advances declined 5.25% to Rs 1,525.93 crore, primarily due to a reduction in the corporate non-MSME portfolio. The bank said it is shifting towards smaller-ticket lending and priority sector loans to diversify its credit portfolio and reduce concentration risk.
Asset quality remained an area of focus. Gross NPAs rose to Rs 98.99 crore, taking the gross NPA ratio to 6.49% from 5.44%. However, net NPA stood at 0.58%, while the Provision Coverage Ratio remained strong at 91.55%.
A key highlight of Pinto’s presentation was the bank’s capital strength. CRAR improved to 22.29% from 21.30%, well above the prescribed minimum of 12% for a Tier-3 UCB. Total capital funds stood at Rs 413.98 crore, while owned funds rose to Rs 358.77 crore.
Despite lower profitability, the Board recommended a 16% dividend for FY2025-26, continuing the bank’s recent dividend track record.
The bank’s investments increased 11.18% to Rs 1,592.79 crore, while working capital rose 1.20% to Rs 3,980.24 crore. It retained its ‘A’ audit classification.
The bank maintained 46 branches, while regular membership increased to 13,445 from 13,373 and employee strength rose to 529 from 512.
Looking ahead, Pinto and the Board outlined plans to increase investments in cybersecurity, automation, data analytics, digital banking and emerging technologies, aimed at improving operational efficiency and customer service while maintaining security and regulatory compliance.
