Maharashtra’s leading urban cooperative bank- NKGSB Cooperative Bank, is on the cusp of achieving a major milestone, crossing a business mix of Rs 14,000 crore. In FY 2024–25, the bank reported a business mix of Rs 13,899 crore and a net profit of Rs 27.51 crore, marking a near 20% rise in profit compared to the previous fiscal.
The figures were shared during the bank’s 108th Annual General Meeting (AGM), chaired by CA Himangee Nadkarni, who leads the bank as Chairperson. Addressing the shareholders, Nadkarni highlighted the bank’s robust performance, focus on innovation, and strong financial discipline.
“This year we achieved healthy growth, delivered stronger numbers, embraced new technology and stayed focused on building a more trusted and future-ready bank,” she said.
According to her, the bank’s business mix surged from Rs 13,006 crore in March 2024 to Rs 13,899 crore in March 2025. Deposits rose from Rs 7,697 crore to Rs 8,254 crore, while advances grew from Rs 5,309 crore to Rs 5,645 crore during the same period.
One of the most notable achievements this fiscal was a significant improvement in asset quality. The Gross NPA reduced from 5.67% to 4.94%, and the Net NPA dropped from 2.27% to 1.13%, reflecting enhanced credit monitoring and risk management. Nadkarni shared that the bank has now set an internal target to bring down Gross NPA levels to below 3% in the coming year.
The Provision Coverage Ratio (PCR), a critical metric for asset quality, also saw a substantial rise, from 61% to 77%, showcasing the bank’s prudential risk management approach. Similarly, the Capital to Risk-Weighted Assets Ratio (CRAR) improved from 12.85% to 13.24%, further strengthening the bank’s financial base.
Net profit climbed from Rs 23.01 crore in FY 2023–24 to Rs 27.51 crore in FY 2024–25, underscoring strong cost controls, disciplined governance, and a customer-centric strategy.
The Board has recommended a dividend @ 7% p.a. (pro-rata), amounting to Rs 6.55 crore on equity shares and Rs 1 crore on Perpetual Non-Cumulative Preference Shares (PNCPS). The dividend will be disbursed after approval at the AGM.
NKGSB Bank’s strong FY 2024–25 performance earned it multiple awards, including the Frontiers in Co-operative Banking Award 2024 for Best Credit Initiative, Cyber Security, and Annual Report.
It also won the Banco Blue Ribbon Honor 2024 (1st Prize for deposits Rs 7,500–Rs 10,000 crore), 2nd Prize from Brihanmumbai Nagari Sahakari Banks Association, and the Infosys Gold Award in the Center of Excellence category among 300+ banks.
Looking ahead to FY 2025–26, the bank plans to double down on digital transformation, deepen customer engagement, and increase operational efficiency. It aims to expand its portfolio in MSME lending, affordable housing, and priority sector financing, while continuing to grow retail deposits and retail advances.
Founded in 1917, NKGSB Bank currently operates 104 branches across five states, with a dedicated workforce of over 900 employees. Upholding the cooperative spirit while embracing new-age banking, the bank remains focused on sustainable growth and value creation for its members and customers. 
Congratulations Himangee ma’am, chairperson, and her team, executives and staff, customers and shareholders of the bank. Keep it up!