India’s largest urban cooperative bank, Saraswat Co-operative Bank, which recently hogged media headlines for crossing the Rs 1 lakh crore business mark and drew widespread appreciation, including praise from Union Home and Cooperation Minister Amit Shah, has now released its audited figures for FY 2025-26, officially confirming a total business mix of Rs 1.06 lakh crore.
The 107-year-old bank registered a strong 16.13% growth in total business, rising from Rs 91,814 crore as on March 31, 2025 to Rs 1,06,625 crore as on March 31, 2026. The incremental growth of Rs 14,811 crore marks the highest year-on-year jump in the bank’s history.
This growth was driven by a healthy rise in both deposits and advances. Deposits grew by Rs 8,680 crore (15.6%) to Rs 64,161 crore from Rs 55,481 crore a year ago, while advances increased by Rs 6,131 crore (16.9%) to Rs 42,464 crore from Rs 36,333 crore.
The bank also demonstrated resilience in managing challenges. It successfully integrated the scam-ridden New India Cooperative Bank, showcasing its operational strength and governance capability.
However, due to amortization of acquisition cost and investment-related provisions, net profit slightly declined to Rs 494 crore as on March 31, 2026 from Rs 518 crore in the previous financial year. Despite this, the bank remains fundamentally strong and stable.
Speaking to Indian Cooperative, Chairman Gautam Thakur said that the milestone reflects the collective hard work of the entire team. He added that the bank continues to perform strongly and expressed gratitude to the Reserve Bank of India, Ministry of Cooperation and Union Home and Cooperation Minister Amit Shah for their support to the cooperative banking sector.
On the asset quality front, the bank improved its Gross NPA ratio to 1.82% from 2.25%, a reduction of 43 basis points. The bank’s own funds also increased to Rs 5,605.84 crore from Rs 5,446.46 crore last year.
Saraswat Bank continued its aggressive expansion strategy, inaugurating 15 new branches during FY 2025-26, taking its total network to 326 branches (up from 311). The bank is now present across 11 states and one Union Territory, including Maharashtra, Delhi, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, Chhattisgarh, Punjab, Haryana and Chandigarh. It plans to add 13 more branches by May 2026.
With a strong balance sheet, sound financials and a robust operational framework, Saraswat Co-operative Bank is well poised to double its business to Rs 2 lakh crore in the next 7–8 years, even with a modest annual growth of around 10%.
