Gujarat State Cooperative Bank (GSC Bank) announced a strong financial performance at its 67th Annual General Meeting (AGM), reporting a business mix of over Rs 25,000 crore and a net profit of Rs 99.32 crore for the financial year ended March 31, 2026.
The bank’s deposits grew significantly to Rs 15,595 crore from Rs 13,607 crore in the previous year, while advances increased to Rs 9,714 crore, reflecting sustained business growth and customer confidence.
One of the standout achievements was the substantial increase in reserves and surplus, which rose from Rs 1,239 crore to Rs 1,985 crore. The bank also strengthened its financial position with a Capital Adequacy Ratio of 20.44%, well above the regulatory requirement.
GSC Bank continued to maintain excellent asset quality, with Gross NPA declining to 0.27% and Net NPA remaining at zero. Recovery performance improved to 98.79%, highlighting strong credit monitoring and recovery mechanisms.
The AGM was attended by leading figures from Gujarat’s cooperative sector, who praised the bank’s consistent growth, prudent management, and contribution to the cooperative banking movement. The bank also declared a 15% dividend for shareholders, maintaining its long-standing tradition of rewarding members.