Namco Bank has reported a strong financial performance for the financial year 2025–26, registering a net profit of Rs 43.33 crore. The bank has set an ambitious target to scale its total business to Rs 5,100 crore in the coming year, informed Chairman Hemant Dhatark during a press conference.
Vice Chairman Prakash Dayma, PR Director Devendra Patel, senior directors Vasant Gite, Sohanlal Bhandari, Vijay Sane, and CEO Trigun Kulkarni were also present.
Dhatark stated that deposits increased by Rs 282 crore to reach Rs 2,721 crore, while advances rose by Rs 305 crore to Rs 1,627 crore. As a result, the bank’s total business grew by Rs 587 crore to Rs 4,348 crore. The CD ratio currently stands at 59.80%.
The bank recorded an operating profit of Rs 71.70 crore, and after provisions and taxes, the net profit stood at Rs 43.33 crore. Notably, gross NPAs declined by Rs 13.42 crore to Rs 44.77 crore, accounting for 2.75% of total advances, while net NPAs were maintained at zero.
Despite global economic uncertainties, the bank avoided additional provisioning due to a prudent investment strategy.
Looking ahead, the bank plans to open five new branches, three in Nashik city, one within the district, and one outside the state. It also aims to relocate 10 branches and renovate another 10.
To enhance customer convenience, Namco Bank will introduce new mobile banking services, including fixed deposits, recurring deposits, and account statements via mobile. The bank also plans to launch its own UPI handle.