In a significant development for Gujarat’s cooperative banking sector, Dahyabhai Manchanddas Patel and Anandbhai Anilbhai Patel have been elected as the Chairman and Vice-Chairman of the Mehsana Urban Cooperative Bank, one of the state’s most prominent cooperative bank. The Cooperative Election Authority has officially approved their appointments on Tuesday.
Speaking to Indian Cooperative, Chairman Dahyabhai Patel underlined that his team’s foremost priority is to restore the bank’s credibility. “Our team’s first priority is to regain the image of the bank which was lost under the outgoing team. I want to assure depositors that their money is completely safe with us,” he said.
Patel revealed that soon after becoming a director, he personally facilitated a Rs 10 crore deposit from his company, Perfect Infracorp Pvt. Ltd., into the bank. “This was done to reassure people that we stand firmly behind the institution. Depositors must feel confident that their savings are secure,” he added.
On challenges ahead, Patel admitted that rising Non-Performing Assets (NPAs), currently estimated at around Rs 1,000 crore, remain a concern. However, he expressed optimism about tackling the issue. “We are working on a clear strategy to bring NPAs under control, and I am confident that we will succeed,” he noted.
With a business mix exceeding Rs 15,000 crore, Mehsana Urban Cooperative Bank holds the distinction of being the second-largest cooperative bank in Gujarat. The new leadership believes that a renewed focus on transparency, depositor confidence, and prudent financial management will set the bank on a stronger growth trajectory in the coming years.