The Board of Directors meeting of Mizoram Cooperative Apex Bank Ltd. was held on Friday at its Head Office under the chairmanship of Pu Lalnunsanga. During the meeting, the Board reviewed the bank’s financial performance and key initiatives undertaken in the 2025–2026 financial year.
The meeting approved various categories of loans, including Biak In, Handholding, Society, and individual loans, amounting to Rs 22.54 crore. It also resolved to strengthen Primary Agricultural Credit Societies (PACS) across Mizoram through monitoring committees. Additionally, the proposal to appoint Pigmy Deposit Collectors was accepted, enabling citizens to save money conveniently without visiting bank branches.
The bank reported a stable financial position for the year ending March 31, 2026, with 35 branches and 45 ATMs. Total deposits stood at Rs 1,930 crore, loans at Rs 1,272 crore, and overall business reached Rs 3,202 crore. The bank recorded a profit of Rs 40 crore, with a CD ratio of 69% and a low Net NPA of 0.43%. The Board appreciated staff and customers.
