Mumbai based NKGSB Co-operative Bank reported a strong financial performance for FY 2025-26, registering a 25% year-on-year increase in net profit to Rs 34.51 crore, while significantly improving its asset quality and announcing plans to expand beyond its existing network of 104 branches.
The performance was presented by Chairperson CA Himangee Nadkarni at the Bank’s 109th Annual General Meeting (AGM) held in Mumbai on Friday, last week.
The Bank’s total business crossed Rs 14,700 crore as of March 31, 2026, with deposits rising to Rs 8,726 crore and advances reaching Rs 5,981 crore. The CASA ratio also improved to 26.20%, up from 24.84% in the previous financial year, while the Capital Adequacy Ratio (CRAR) increased to 13.90% from 13.24%.
A key highlight of the year’s performance was the sharp improvement in asset quality. Gross NPA declined to 4.12%, while Net NPA dropped dramatically to 0.13% from 1.13% a year earlier.
The Provision Coverage Ratio (PCR) strengthened to 96.01%, compared with 77.08% in FY 2024-25, reflecting stronger provisioning and risk management practices.
Addressing members, Chairperson Himangee Nadkarni attributed the Bank’s performance to disciplined cost management, prudent lending practices and focused business development.
She also credited the Bank’s Integrated Treasury Division for effectively managing market volatility and mitigating mark-to-market (MTM) risks through proactive treasury strategies.
Looking ahead, Nadkarni said NKGSB Bank will continue to pursue both organic and inorganic growth opportunities. The Bank plans to expand beyond its current network of 104 branches by opening new branches and exploring suitable merger or acquisition opportunities to strengthen its market presence and customer reach.
She added that the Bank’s strategic priorities for FY 2026-27 would include accelerating digital banking adoption, leveraging data analytics, maintaining superior asset quality and further enhancing customer experience.
