Maharashtra-based Jalgaon Janata Sahakari Bank Limited (JJSBL) has reported a strong financial performance for FY 2025-26, achieving a total business mix of nearly Rs 3,886 crore as on March 31, 2026.
The bank disclosed the figures during its 48th Annual General Meeting (AGM), where members were also presented with a series of significant amendments to the bank’s bye-laws, including a proposal to increase the size of the Board of Directors from 17 to 21 members.
During the year, the bank’s deposits rose by Rs 185.38 crore to Rs 2,436.28 crore from Rs 2,250.90 crore in the previous year. Advances increased by Rs 90.58 crore to Rs 1,449.39 crore, taking the bank’s aggregate business to Rs 3,885.67 crore. The bank posted a net profit of Rs 19.43 crore for the year.
A notable feature of the bank’s governance continues to be that directors did not draw any sitting fees or allowances during the year, maintaining a zero expenditure under the head.
In his message to shareholders, Chairman Satish Madane said the bank sustained its growth momentum despite global economic uncertainties and geopolitical challenges. He highlighted that the bank maintained a Gross NPA of just 3.35 per cent while keeping Net NPA at zero.
Madane also pointed to the successful rollout of internet banking services, the bank’s full compliance with RBI regulations and ECBA norms, and its receipt of an ‘A’ audit classification from statutory auditors. He added that the bank has consistently paid a 10 per cent dividend to members and has set an ambitious business target of Rs 4,330 crore for FY 2026-27.
The chairman further underscored the bank’s commitment to financial inclusion through government-backed schemes, women empowerment initiatives and self-help group programmes, which currently reach nearly 60,000 women through 3,600 SHGs. He also highlighted the bank’s Dugdhasampada Scheme aimed at promoting dairy entrepreneurship in rural areas.
Among the key bye-law amendments proposed at the AGM are provisions allowing AGM and Special General Meeting notices to be sent through SMS, e-mail and WhatsApp, in addition to traditional modes of communication. The bank also plans to publish important notices and financial documents on its website to improve transparency and member outreach.
Another major proposal seeks to expand the Board from 17 to 21 directors, strengthening representation and bringing additional professional expertise into the institution. The amended bye-laws require more than half of the directors to possess experience or qualifications in banking, finance, law, accountancy, cooperation, agriculture or related fields, in line with RBI expectations.
The bank has also proposed revised eligibility criteria for Board elections. Under the new norms, candidates seeking election as directors must maintain a minimum shareholding of Rs 15,000 and a term deposit of Rs 1 lakh throughout their tenure. For candidates contesting reserved-category seats, the minimum requirements have been set at Rs 7,500 in share capital and Rs 50,000 in term deposits.
