Maharashtra’s leading multi-state scheduled bank, GP Parsik Sahakari Bank, has reported a strong performance in FY 2024-25, crossing a business mix of Rs 7,204.18 crore and registering a net profit of Rs 59.78 crore. The bank also declared a 15% dividend for its shareholders at its recently concluded Annual General Meeting (AGM).
The bank’s deposits rose to Rs 4,784.13 crore as of March 31, 2025, compared to Rs 4,606.64 crore last year, reflecting steady depositor confidence. Advances grew by Rs 347.54 crore, touching Rs 2,420.05 crore, showcasing strong credit demand and lending activity.
Despite a slight dip in gross profit to Rs 87.90 crore (from Rs 94.35 crore in FY 2023-24), the bank improved its net profit by Rs 7.63 crore, supported by efficient operations and prudent financial management. Investments stood at Rs 2,729.11 crore.
Financial strength remained robust with Net Owned Funds rising to Rs 503.92 crore, working capital at Rs 5,620.05 crore, and reserves & other funds touching Rs 583.21 crore. The bank also reported a sharp improvement in asset quality, bringing Gross NPAs down to Rs 56.37 crore from Rs 84.90 crore a year ago, while maintaining Zero Net NPAs.
The Capital to Risk-Weighted Assets Ratio (CRAR) stood at 19.67%, well above the regulatory requirements, reflecting the bank’s sound capital position.
With over 1.10 lakh members, GP Parsik Sahakari Bank continues to strengthen its presence in Maharashtra and other regions, reaffirming its position as one of the most trusted cooperative banks in the country.
