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Home Co-op News Snippets

Bassein Catholic Co-op Bank Net Profit rises

Parasnath by Parasnath
June 28, 2026
in Co-op News Snippets
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Bassein Catholic Co-op Bank Net Profit rises
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Maharashtra-based Bassein Catholic Co-operative Bank has reported another year of robust financial performance, with its net profit increasing to Rs 118.76 crore for FY2025-26, up from Rs 115.62 crore in the previous financial year.

According to the bank’s audited financial results, its total business crossed the Rs 13,000-crore milestone, reaching Rs 13,136.14 crore as on March 31, 2026, compared to Rs 12,602.45 crore a year earlier. Deposits also registered healthy growth, rising to Rs 9,049.23 crore, while gross profit improved to Rs 149.54 crore.

The bank further strengthened its asset quality during the year, with Gross NPA declining sharply to 6.75% from 9.53% in FY2024-25. It also continued to maintain Zero Net NPA, reflecting effective recovery and risk management practices. The bank’s Capital to Risk-Weighted Assets Ratio (CRAR) stood at a comfortable 24.26%, highlighting its strong capital base.

The audited financials underscore Bassein Catholic Co-operative Bank’s sustained profitability, improved asset quality and financial resilience, reinforcing its position among Maharashtra’s leading urban cooperative banks.

Tags: bankBassein Catholic Cooperative BankBreakingCRARprofitUCBs
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