Maharashtra’s Ahmednagar-based Shri Renukamata Multi-State Cooperative Credit Society has delivered an impressive financial performance for the fiscal year ending March 31, 2025.
The society’s total deposits reached Rs 644.08 crore, driven by strong member participation and robust savings mobilization. On the credit side, the loan portfolio stood at Rs 334.48 crore, comprising Rs 292.60 crore in secured loans and Rs 41.87 crore in unsecured loans — reflecting a balanced and cautious lending strategy.
Its investment base grew to Rs 479.83 crore, which includes fixed investments, cash reserves of Rs11.72 crore, and bank balances of Rs 52.56 crore. This diversified allocation ensures liquidity and financial resilience.
The society recorded a gross profit of Rs 6.54 crore and a net profit of Rs 5.26 crore, marking another successful year of operations. Notably, it reported zero Non-Performing Assets (NPA) — a commendable achievement that highlights disciplined loan recovery and strong risk management.
On the regulatory front, the society maintained a Cash Reserve Ratio (CRR) of 9.98% and a Statutory Liquidity Ratio (SLR) of 64.52%, reflecting full compliance and prudent financial practices.
The society is led by Prashant Bhalerao, who was recently appointed as a director on the board of ASSOCHAM, further strengthening the society’s leadership profile at the national level.
