Maharashtra based Bassein Catholic Cooperative Bank crossed the business mix of Rs 12,000 crore and earned a net profit of Rs 74 crore in the 2021-22 financial year. The bank also achieved success in maintaining the Net NPA levels at Zero percent.
The bank business mix grew from Rs 11,960 crore in the 2020-21 FY to Rs 12,125 crore in the 2021-22 FY registering a growth of 1.38 percent as of 31st March 2022. The deposits rose from Rs 7,780 crores to Rs 7,970 crores. The bank registered a slight decrease in its advances portfolio. As of 31st March 2022, it stood at Rs 4,155 crores.
Besides, the Net and Gross NPA as of 31.03.2022 is ‘Zero’ and 10.09 percent respectively. The paid-up share capital of the bank was Rs 98.16 crore subscribed by 98024 members, with an addition of 2830 members and cessation of 2497 members during the year.
The bank announced a dividend of 15 percent to the shareholders for the financial year 2021–22. Bassein Catholic Cooperative Bank has written off 109 loan accounts amounting to Rs 3.95 crore during the year.
The bank’s finance to MSME sector is Rs 1385.08 crore as of 31st March which is 33.33 percent of the total loan portfolio. Besides, on the lines of other banks, the bank also constituted a seven-member Board of Management in addition to the board of directors in July last year.
In the recent elections held in the bank, Ryan Fernandes defeated his rival Brian Furtado with a narrow margin, and was re-elected as the Chairman of the cooperative bank.
Readers would recall that the bank received an award from Union Home and Cooperative Minister Amit Shah in a function organized at Vigyan Bhawan recently. The award and shield were received by the acting CEO Sixto A.Fargose and DGM Joseph.
The cooperative bank has 77 ATMs in Maharashtra, which include 13 offsite ATMs. 
