Gujarat based Prime Co-operative Bank has posted a record-breaking performance for the financial year 2024–25, achieving its highest-ever business volume and net profit.
Demonstrating strong financial resilience and strategic focus, the bank’s total business surged to Rs 3,948.98 crore, up from Rs 3,666.84 crore in the previous fiscal. This historic milestone reaffirms Prime Bank’s position among the top cooperative banks in Gujarat.
The bank also recorded its highest-ever net profit of Rs 43.58 crore, a sharp increase from Rs 37.96 crore in FY 2023–24, reflecting robust operational efficiency and prudent financial management. The gross profit stood at Rs 57.43 crore, up from Rs 50.82 crore in the previous year, underscoring sustainable growth across key banking segments.
One of the standout achievements of the year is the bank’s lowest-ever Cost to Income Ratio, which dropped to an impressive 37%, indicating superior efficiency in managing operations and expenses. Moreover, non-interest income contributed a significant 15% to total income, highlighting the bank’s success in diversifying its revenue streams beyond traditional lending.
In terms of core banking metrics, advances rose from Rs 1,455.47 crore to Rs 1,538.88 crore, and deposits increased from Rs 2,211.37 crore to Rs2,399.35 crore, reflecting strong customer trust and healthy credit demand. The bank continues to maintain a Net NPA of 0%, signaling its robust credit appraisal and recovery practices.
With a network of 41 branches across 11 districts, a customer base exceeding 4,00,000, and a dedicated workforce of over 350 employees, Prime Co-Operative Bank has firmly established itself as a pillar of financial empowerment in the cooperative sector.
The bank’s legacy of innovation, evident from its successful completion of 7 mergers, and recognition through 100+ awards, places it firmly in the league of Gujarat’s most admired cooperative institutions.
As it moves forward, Prime Co-Operative Bank remains committed to inclusive banking, digital transformation, and customer-centric growth. With this remarkable performance, the bank is well-poised to scale even greater heights in the years ahead.