In a remarkable turnaround, Maharashtra based multi-state urban co-operative bank- Kokan Mercantile Co-operative Bank has achieved a major milestone by successfully exiting the RBI’s Supervisory Action Framework (SAF) after a gap of ten years.
What makes the achievement even more impressive is the Bank’s ability to drastically reduce its Net NPAs and completely wipe out all accumulated losses as on 30th June 2025, signaling a strong and sustainable revival.
According to the latest audited figures accessed by Indian Cooperative, the Bank’s Net NPA dropped sharply to 4.33% as of 31st March 2025, a significant improvement from 10.22% recorded in FY 2022–23.
The Bank’s financial indicators reflect a positive and stable trajectory. Its total business crossed Rs 1,321 crore, registering a 6.89% year-on-year growth. At the same time, the Bank’s Capital to Risk (Weighted) Assets Ratio (CRAR) stood at a strong 17.06%, nearly double the regulatory requirement of 9%.
With a net profit of Rs 10.19 crore in FY 2024–25 and rising numbers of account holders and digital users, Kokan Bank has firmly set itself on a growth path. As per figures, deposits stood at Rs 813.01 crore, while advances reached Rs 508.60 crore as on 31st March 2025.
Much of the credit for this remarkable performance goes to the visionary leadership of Chairman Asif Dadan, who took charge two years ago.
Speaking to Indian Cooperative, Dadan said, “We are delighted to announce that not only have we exited the SAF, but we have also wiped out all past losses and earned a handsome profit. We intend to maintain this momentum in the years to come.”
Operating through 25 branches across Greater Mumbai, Thane, Raigad, Ratnagiri, and Goa, the Bank is now gearing up to achieve the coveted status of a Scheduled Co-operative Bank by 2028.
In a parallel development, the Board of Directors, acknowledging the instrumental role played in the Bank’s transformation, has reappointed Akbar Y. Kondkari as Chief Executive Officer for another three-year term, with RBI’s approval, extending his tenure till 2028.
In step with modern banking trends, Kokan Bank is also expanding its digital footprint with RuPay Debit Cards, a dedicated mobile banking app, and UPI linkage, offering seamless and secure banking services to its growing customer base.
As being last 2 years we observe that Kokan Bank performance is the better, the credit goes to new Chairman Mr Asif Dadan, work hard, good relations with client accounts holder,
Keep it Up
Best Of Luck
Allaha Bless You…
🌟 Heartiest Congratulations to Our Visionary Leaders 🌟
With immense pride and joy, we extend our heartfelt congratulations to our respected Chairman, Vice Chairman, CEO, and all panel Directors for achieving a historic milestone — successfully steering our bank out of the Supervisory Action Framework (SAF) after a decade!
This remarkable turnaround, marked by sustained profitability, strengthened financial discipline, and significant reduction in NPAs, reflects your unwavering dedication, strategic foresight, and tireless efforts over the years.
Your leadership has not only restored the bank’s financial health but also reignited the trust of customers, employees, and stakeholders alike.
Congratulations to all new directors
My heartiest congratulations to all the directors and staff members. Wishing you all the best for future ahead.
Congratulations it is all possible with the dynamic visionary chairman Sir Asif Dadan and Board of member hardworking since 2 years; I wish you all more and more success and way to go by 10x in near years.
I congratulate from bottom of my heart to The Chairman and Board of Directors of The Kokan Bank for great achievement which was possible only due to hard work, loyalty, honesty and dedication of entire team towatds the beloved institution .
I would like to see name of The Kokan Bank on top in the cooperative sector and for which I pray with almighty and hope from this team under the leadership of Dynamic Chairman like Asif Bhai Dadan.
Sir Jo sab urban co operative Bank hai under lequiditation Mey osab Bank ka upor dhan dijey.Coropsation Boja sey Bondh ho Gayaa Ar porey sab hai customer and stuff.Kuch to mor vi Gia.Namastey sir.
Congratulations to Asif Dadan and his team.
Visionary leadership can everything. Keep it up.
All best
Abdul Rashid Solkar