During the AGM, the office bearers revealed that the Model Co-operative Bank is well-positioned for future growth, driven by its expanding digital services, media reports say.
At its 108th Annual General Meeting held at St. Andrew’s Auditorium, Chairman Albert W. D’Souza highlighted the bank’s strong performance in the financial year ending 2025.
Classified as a Financially Sound and Well Managed (FSWM) institution by the RBI, the bank saw deposit growth of Rs. 24.06 crore and advances rose by Rs. 29.77 crore.
Net profit stood at Rs. 7.26 crore, with a nil Net NPA and a Capital Adequacy Ratio of 15.82%. Half of its active customers now use digital services, and the Board declared a 10% dividend.
