Gujarat-based Kaira District Central Co-operative Bank, under the leadership of seasoned cooperator Tejash Patel, has achieved a significant milestone by surpassing a business mix of Rs 4,000 crore in the financial year 2024–25.
The bank registered an impressive 16.40% growth over the previous year, reflecting its expanding presence and growing customer trust across the region.
As per the financial results declared for the year ending 31st March 2025, the bank’s total business—comprising deposits and advances—rose from Rs 3,771.82 crore in FY 2023–24 to Rs 4,390.55 crore. This noteworthy growth underscores the bank’s consistent efforts to strengthen its financial base and deliver value to its stakeholders, even amid broader economic challenges.
Profitability also remained on an upward path, with net profit increasing from Rs 31 crore in the previous fiscal to Rs 32 crore in FY 2024–25, registering a growth of 3.23%. Although the increase is modest, it signals the bank’s stable and sustainable financial management.
A key driver of this performance was robust deposit mobilization, with total deposits rising by 11.85% to Rs 2,798.80 crore. On the credit side, outstanding loans grew by a strong 25.39%, reaching Rs 1,591.75 crore. This helped the bank improve its credit-deposit (CD) ratio from 50.73% to a healthy 56.87%.
Additionally, new loan disbursements shot up by 25.65%, reflecting increased lending activity and broader credit outreach.
The bank also demonstrated significant progress in asset quality. Gross Non-Performing Assets (NPA) fell by 30.53%, declining from Rs 46.40 crore to Rs 32.23 crore. The gross NPA ratio dropped from 3.65% to 2.02%, while the bank reported zero net NPAs—showcasing strong recovery mechanisms and prudent loan management practices.
Digital banking continues to be a focus area for the bank. Mobile banking users increased by 20.42%, WhatsApp banking users rose by 17.29%, and debit card holders surged by 33.20%.
With a solid financial foundation, growing digital reach, and improved asset quality, The Kaira District Central Co-op Bank Ltd. is well-positioned to continue its trajectory of inclusive growth and innovation. Looking ahead, the bank aims to build on this momentum to deliver even greater value to its members and the cooperative banking sector at large.
