The Maharashtra State Cooperative Bank (MSCB) marked a significant milestone with its 114th Annual General Meeting, held at Sahakar Hall in Mumbai on Thursday. Presided over by Administrator Vidyadhar Anaskar, the meeting reflected on the bank’s achievements, financial strength, and new initiatives that underscore its leadership among cooperative banks in India.
The highlight of the gathering was the inauguration of the UPI Acquire facility and the Early Warning System, making MSCB the first state and district cooperative bank in the country to launch these services. With its own UPI handle, @mscbank, the bank has gone live as an acquirer, enabling it to provide services to urban and district cooperative banks.
The first QR code was issued to the Nagar Taluka Kharedi Vikri Sangh of Ahilya Nagar District Bank. The Early Warning System, developed in line with the Reserve Bank of India and NABARD’s guidelines, is expected to help monitor loan accounts more effectively and prevent financial irregularities.
Financially, MSCB reported robust growth across all key parameters. By the end of March 2025, the bank’s net worth stood at Rs. 5,396 crore, the highest among cooperative banks in India, reflecting an impressive rise of Rs. 778 crore from the previous year.
Net profit for the year was Rs 651 crore, compared to Rs 615 crore in the previous year. Importantly, this figure excludes any government-backed guarantees, underlining the bank’s financial independence. On this strong foundation, members approved the recommendation of a 10% dividend, marking the 11th consecutive year of such a payout.
The bank’s own funds, comprising statutory reserves and share capital, touched Rs. 7,706 crore, up by Rs. 585 crore. The Capital to Risk Weighted Asset Ratio (CRAR) stood at a healthy 17.61%, almost double the RBI-mandated minimum of 9%. Alongside, MSCB maintained a CD ratio of 80%, reflecting its strong lending capacity.
Loan disbursals during the year reached Rs. 35,588 crore, registering an increase of Rs. 1,906 crore, while deposits rose by Rs. 2,776 crore to Rs. 26,359 crore. This pushed total business to Rs. 61,947 crore, an increase of Rs. 4,682 crore year-on-year. Business per employee has also surged more than threefold in five years, reaching Rs. 75 crore.
MSCB continues to enjoy an ‘A’ audit rating for the 13th consecutive year, with net NPA contained at 1.79% and provisioning coverage ratio at 80.92%. Further, the bank has been awarded the ISO 27001-2022 International Security Certification, affirming its commitment to global standards in financial security. Members of the AGM passed a resolution lauding the administration for its performance and modernization drive while carrying forward the cooperative legacy of 114 years.
