Jogindra Cooperative Bank has reported a sharp improvement in its financial performance, with net profit increasing to Rs 21.58 crore in the latest financial year. Sharing the audited financial results, Bank Chairman Mukesh Sharma said the bank has maintained steady growth and strengthened its overall financial position.
According to the figures released by the bank, total deposits grew from Rs 1,281 crore to Rs 1,517 crore, reflecting growing trust among customers. The bank’s loan portfolio also expanded significantly, rising from Rs 545 crore in 2022 to Rs 745 crore. Sharma stated that the bank has achieved an average growth rate of around 25 percent since 2022.
The bank’s financial indicators remain healthy, with a Capital to Risk-Weighted Assets Ratio (CRAR) of 19.9 percent, comfortably above regulatory requirements. The Chairman said the bank is focused on sustainable growth and improving customer services.
He also cautioned against misleading information being circulated about the bank, warning that legal action could be taken against those attempting to damage its reputation.