Maharashtra based Dombivli Nagari Sahakari (DNS) Bank recently organized its 55th Annual General Meeting (AGM), where it announced a net profit of Rs 43.64 crore and declared a dividend of 10% for general shareholders and 10.25% for preferential shareholders.
Looking ahead, the bank announced plans to expand its branch network to Indore and Ujjain in Madhya Pradesh, and Solapur in Maharashtra, thereby enhancing its presence beyond its traditional markets.
The AGM was successfully held at Shri Ganaraj Banquet, MIDC, Dombivli (East). It was graced by Chairman Adv. Ganesh Dhargalkar, along with the presence of all directors, former directors, senior officers, branch managers, and a large number of enthusiastic members.
Adv. Dhargalkar presided over the meeting and presented a detailed review of the bank’s performance for the financial year 2024–25, which was described as highly positive and growth-oriented.
In his address, the Chairman announced that the bank recorded a net profit of Rs 43.64 crore during FY 2024–25. Deposits increased to Rs 4,052 crore, and the loan portfolio stood at Rs 2,313 crore.
The total business of the bank rose to Rs 6,365 crore, marking an increase of Rs 219 crore compared to the previous year. He emphasized that the bank had focused on lending to small industries and retail borrowers, thereby supporting grassroots-level economic activity.
He further highlighted the exceptional performance of the bank’s loan recovery and monitoring departments, which played a key role in reducing the Gross NPA to just 1.10%, while maintaining the Net NPA at 0.00%.
The bank’s Capital to Risk-Weighted Assets Ratio (CRAR) also improved significantly to 16.88%, well above the Reserve Bank of India’s minimum requirement of 12%.
For its outstanding performance, DNS Bank was awarded the title of ‘Best Bank’ for the second consecutive year in the Rs 2,500–5,000 crore deposit category by the Maharashtra Urban Co-operative Banks Federation for FY 2023–24. This recognition reflects the bank’s continued focus on excellence and financial discipline.
DNS Bank is also advancing its digital transformation strategy. Two key digital services were introduced: the Society Run App, designed for cooperative housing societies, and a Fee Collection App for schools and educational institutions. These platforms aim to improve service delivery and operational convenience for institutional clients.
The board concluded the meeting by reaffirming its commitment to progress with a “corporate look and cooperative soul,” emphasizing customer-centric services, digital innovation, and a strong sense of social responsibility.
