APCOB leads PACS Digitization, Reports strong FY25 growth

The Andhra Pradesh State Cooperative Bank (APCOB) has reported impressive financial results for the financial year 2024–25, crossing a total business of Rs 46,000 crore and recording a net profit of Rs 210.78 crore. The figures were formally approved during the recently held General Body Meeting of the Bank.

As of 31st March 2025, APCOB’s deposits stood at Rs 11,002.43 crore, reflecting a 6.75% growth over the previous year. Loans and advances grew to Rs 35,425.33 crore, up by 5.23%, while total business, which includes deposits and advances, registered a 5.58% rise. Borrowings increased to Rs 29,644.80 crore, and the Bank’s investment portfolio expanded significantly to Rs 9,043.99 crore.

The Bank also maintained a commendable asset quality, with Gross NPAs at 0.81% and Net NPAs at 0%, backed by a 100.32% Provision Coverage Ratio (PCR), highlighting its prudent risk management practices.

In line with its role as the apex cooperative bank of Andhra Pradesh, APCOB pursued a multidimensional development strategy during the year to strengthen its operational, institutional, and technological framework. One of the highlights was a 34.17% increase in operating profit, driven by efficient fund management, cost optimization, and higher interest income.

The Capital to Risk-weighted Assets Ratio (CRAR) improved from 9.60% to a healthy 11.15%, reflecting robust capital adequacy.

Technological upgradation was a key focus area for APCOB. The Bank modernized its core IT infrastructure, introduced multi-factor authentication, and enhanced digital banking services including the launch of WhatsApp Banking. It also rolled out a digital HRMS system, automating leave, performance appraisal, and training processes for greater transparency and efficiency.

To boost grassroots-level efficiency, APCOB implemented the Manpower Assessment Committee’s recommendations for optimized staff deployment. Additionally, it launched a mentoring initiative for weaker DCCBs by deploying support teams to strengthen their operations.

Significantly, APCOB acted as the system integrator for the state-wide PACS computerization project under a centrally sponsored scheme. This initiative has been widely praised across the Indian cooperative sector as a benchmark in digitization.

With a strong presence across 465 branches in urban, semi-urban, and rural areas, APCOB and the 13 affiliated District Central Cooperative Banks (DCCBs) continue to serve as the backbone of the cooperative credit structure in Andhra Pradesh, promoting financial inclusion and supporting rural livelihoods.