NKGSB Bank, one of Maharashtra’s leading urban cooperative banks, has crossed a significant milestone in FY 2025-26, with its total business mix exceeding Rs 14,700 crore.
Speaking to Indian Cooperative, Chairperson Himangee C. Nadkarni said the bank is now gearing up for the next phase of growth with a balanced strategy of organic and inorganic expansion. Over the past four years, NKGSB Bank has focused on organic growth, strengthening its fundamentals and maintaining robust financial health.
Looking ahead, the bank is exploring inorganic opportunities, including the takeover of willing cooperative banks across multiple states. “We are open to expansion and evaluating opportunities beyond our current geographies,” Nadkarni said, indicating a gradual widening of the bank’s footprint.
She reiterated that NKGSB Bank remains committed to its identity as a pure-play traditional banking institution, focusing on core banking services. In this context, she also echoed the views of Union Finance Minister Nirmala Sitharaman, who has emphasized that banks should remain focused on their core, traditional business.
On regional expansion, Nadkarni pointed out that Northern India offers strong potential, though concrete plans for the current year are still in the pipeline. “Northern India is a happening space, and we aim to strengthen our presence there in the coming years,” she noted.
When this correspondent asked about other financial parameters for FY 2025–26, Nadkarni said the auditing of financial figures is currently underway and is expected to be finalized and announced shortly.
Commenting on the broader ecosystem, Nadkarni acknowledged the continued support from the Union Ministry of Cooperation and the Reserve Bank of India, stating that recent reforms and policy initiatives have helped resolve long-pending challenges and created a more conducive environment for growth in the cooperative banking sector.
Addressing the ongoing MTM (Mark-to-Market) challenges, she said that although the bank has experienced some impact, timely corrective measures and swift decision-making have kept the situation well under control. “Our challenges are not as severe as those faced by some smaller cooperative banks,” she added.
With a strong foundation and a forward-looking approach, NKGSB Bank is now positioning itself for sustained growth and a broader national presence.
