The Maharashtra State Cooperative Bank has reported its highest-ever net profit of Rs 702 crore for FY 2025–26, setting a new benchmark in the cooperative banking sector. During the year, the bank delivered strong performance across almost all financial parameters, although there was a marginal rise in NPAs.
Commenting on the bank’s financial performance, Administrative Board Chairman Vidyadhar Anaskar said the bank has maintained a consistent growth trajectory, recording net profits above Rs 600 crore every year since 2022, rising from Rs 603 crore in 2022 to Rs 702 crore in 2026.
He added that the net profit was impacted due to an IDR provision of Rs 208 crore, made in the last week of March 2026 following a sharp decline in the bond market amid global geopolitical developments. Otherwise, the net profit could have reached Rs 910 crore.
For FY 2025–26, the bank reported total business of Rs 56,250 crore and own funds of Rs 8,160 crore, along with a strong net worth of Rs 5,745 crore. Operational efficiency is reflected in business per employee of Rs 68 crore. The bank’s financial strength is further underlined by a Capital Adequacy Ratio (CRAR) of 18.30% and a Return on Assets (ROA) of 1.48%.
Asset quality remains under control, with Gross NPA at 8.46%, Net NPA at 1.65%, and a healthy Provision Coverage Ratio of 82%, ensuring resilience against potential risks.
Alongside financial growth, the bank has continued to uphold its social commitments. It contributed Rs 10 crore to the Chief Minister’s Relief Fund to support farmers affected by unseasonal rains.
The bank also introduced a Rs 10,000 monthly pension scheme for employees retired after 2024, along with a Rs 5,000 monthly healthcare support scheme for retired employees suffering from critical illnesses. Financial assistance has also been extended for surgeries, and Rs 95 lakh has been contributed towards sports and cooperative sector development.
In line with the digital era, the bank has established a state-of-the-art ‘Sahakar Suraksha’ Cyber Security Center at its Vashi administrative building, one of the first such initiatives in the country. Customer-friendly digital services such as UPI and QR code-based payments have also been introduced to enhance convenience and security.
With a balanced focus on financial performance, technological advancement, and social responsibility, the bank continues to emerge as a model institution in the cooperative sector.
