The Goa State Cooperative Bank is gearing up for a major digital transformation, announcing plans to integrate IMPS, UPI and net banking services by March to strengthen its technology-driven banking operations.
The announcement follows the launch of the bank’s mobile banking application by Goa Chief Minister Dr. Pramod Sawant and Cooperation Minister Subhash Shirodkar, marking an important milestone in its digital expansion.
Alongside its technology initiatives, the bank has reported a significant financial turnaround. Bank officials highlighted an overall profit of Rs 5.20 crore, while quarterly profits reportedly reached Rs 6.30 crore and Rs 9.20 crore, reflecting improved financial performance.
The bank has also made progress in improving asset quality, bringing its Gross NPA down to 4.69% and Net NPA to 2.83%. It has set its sights on achieving zero Net NPA, underlining its commitment to stronger financial discipline.
Customers, particularly young account holders, as well as cooperative institutions, have been encouraged to embrace the bank’s digital platforms.
With the proposed integration of multiple payment channels, the bank aims to offer faster, more convenient and accessible banking services while strengthening its position in Goa’s cooperative banking sector.
