The Kurmanchal Nagar Sahakari Bank Limited has reported a net profit of Rs 21.70 crore after tax for the financial year 2025–26 and declared a 10% dividend for its shareholders at its 44th Annual General Meeting (AGM), held at Hotel Pavilion, Mallital, Nainital.
The bank’s total business reached Rs 4,592.65 crore during the year, comprising deposits of Rs 2,898.76 crore and loans and advances of Rs 1,693.89 crore. Its branch network expanded to 51, while the Capital to Risk-Weighted Assets Ratio (CRAR) stood at 18.54% and Net NPA remained at zero.
Addressing the AGM, Chairman Prakash Chandra Chaudhri highlighted the bank’s financial performance and future growth plans, reiterating its commitment to providing modern and improved banking services.
He also informed shareholders that the bank is making continuous efforts to obtain Reserve Bank of India (RBI) approval for introducing UPI-based mobile banking facilities to enhance customer convenience and digital banking services.
Bank Secretary Sanjay Sah presented the audited Balance Sheet and Profit and Loss Account for FY 2025–26, along with the budget for the next two financial years.
During the meeting, Tanakpur Branch was adjudged the Best Branch among smaller branches, while Mukhani Branch secured the top position in the larger branches category. Their respective Branch Managers, Jyoti Kumar Pant and Surendra Sah, were felicitated. Meritorious children of bank employees were also honoured for their academic achievements.
Former Chairman Vinay Sah, Vice-Chairman Inder Singh Parihar, members of the Board of Directors and Board of Management, shareholders, delegates and bank officials attended the AGM.
The programme was conducted by Aditi Pathak and Ujjwala Sah, while Vice-Chairman Inder Singh Parihar proposed the vote of thanks, acknowledging the support and guidance extended by the RBI and the Registrar, Cooperative Societies, Uttarakhand.
