Under the leadership of Chairman Shirish Deshpande, Maharashtra based Pimpri Chinchwad Cooperative Bank has staged a remarkable financial turnaround, reporting a net profit of Rs 61.53 lakh for FY 2024–25 and declaring a 3% dividend for its members.
At the recently held Annual General Meeting (AGM), chaired by Deshpande, members lauded the bank’s improved performance after years of challenges. The bank had earlier reported losses of Rs 181.52 lakh in 2020–21 and Rs 288.77 lakh in 2021–22, but has now returned to profitability with steady growth in deposits and advances.
Deposits rose to Rs 152.52 crore, while loans and advances expanded to Rs 93.37 crore. Membership also surged to 13,065, up from just over 8,000 a year earlier, reflecting increased trust under Deshpande’s stewardship.
One of the standout achievements of the bank has been the dramatic reduction in NPAs. Gross NPAs fell from 35.27% in 2021 to 9.28% in 2025, while Net NPAs dropped to a minimal 0.73%. The CRAR stood at a robust 25.40%, well above the required norms.
With its profitability restored and dividends distributed, Chairman Shirish Deshpande assured members of continued reforms, transparency, and sustainable growth in the coming years.
