Delhi-based Keshav Sahakari Bank held its Annual General Meeting last week, presenting the financial results for FY 2024-25.
The meeting was attended by Delhi’s Cooperation Minister Shri Ravinder Singh Indraj, senior leader Shyam Jaju, renowned cardiologist and Sangh President (Delhi Prant) Dr. Anil Agrawal, CA Anil Gupta, Prant Karyavah and MLA Shri Harish Khurana, Keshav Gulati along with all directors, members, and former directors of the Bank.
As per the financial statement, the Bank registered a net profit of Rs 77 lakh after tax and provisions, compared to Rs 1.22 crore in FY 2023-24. Profit before tax and provisions stood at Rs 1.34 crore.
Total deposits closed at Rs 81.50 crore, reflecting modest growth from the previous year, while loans and advances expanded significantly to Rs 54.66 crore, showing strong credit activity. Asset quality also improved, with Gross NPAs declining to Rs 1.82 crore from Rs 1.99 crore in FY 2023-24. Provisioning for NPAs and standard assets stood at Rs 1.75 crore.
On the customer side, the Bank maintained 777 current accounts (Rs 5.15 crore), 7,858 savings accounts (Rs 22.34 crore), 1,596 term deposits (Rs 46.17 crore), 7,155 compulsory deposits (Rs 7.84 crore), and 605 loan accounts (Rs 54.66 crore), underscoring its wide community outreach.
The AGM also highlighted the need for digital transformation and expansion of cooperative banking services, with members reaffirming their commitment to strengthening financial inclusion in the region.
