Mumbai based Malad Sahakari Bank Ltd. reported strong growth in FY2025-26, with its total business rising to Rs 832.63 crore, comprising deposits of Rs 513.35 crore and advances of Rs 319.28 crore. Net profit increased 9.13% to Rs 5.49 crore.
The bank’s 51st Annual General Meeting (AGM) was held las week, in Malad East, Mumbai, where the management presented its financial performance and future roadmap.
Deposits grew 16.96%, from Rs 438.92 crore to Rs 513.35 crore, while advances increased 27.10%, from Rs 251.20 crore to Rs 319.28 crore. Total income rose 19.26% to Rs 54.11 crore.
Asset quality also improved, with gross NPA declining from 6.57% to 4.05%, while net NPA remained at zero. Gross NPAs fell from Rs 16.49 crore to Rs 12.92 crore during the year.
The bank’s CRAR stood at 20.02%, comfortably above the regulatory requirement, and it retained its Financially Sound and Well Managed (FSWM) status for the third consecutive year.
Priority-sector lending reached 60.22% of total advances, exceeding the prescribed target, while lending to weaker sections stood at 12.66%.
The bank proposed a 10% dividend for members. Going forward, it plans to open a new suburban branch, explore extension counters and evaluate growth opportunities at branches acquired from Rajapur Sahakari Bank Ltd.
