The Mumbai District Cooperative Bank has scripted a strong growth story, crossing the Rs 15,000 crore business mark in the financial year 2024–25. The announcement came during the Bank’s 51st Annual General Meeting (AGM) held on Tuesday under the chairmanship of MLC Pravin Darekar.
According to the audited financial results, the Bank achieved a business mix of Rs 15,175.43 crore, registering a 10.43% year-on-year growth. Deposits rose by Rs 610.32 crore to Rs 8,738.08 crore, while loans and advances increased by Rs 822.61 crore to touch Rs 6,437.35 crore.
Despite a dip in operating profit, the Bank recorded a net profit of Rs 20.25 crore, reflecting a 7.43% rise over last year. Notably, both gross NPA (15.73%) and net NPA (10.30%) showed significant improvement, declining by 26.22% and 36.82%, respectively, signaling stronger financial discipline and recovery efforts.
Chairman Darekar lauded the Bank’s progress, crediting the trust of depositors, efficient management, and robust cooperative spirit. “Crossing the Rs 15,000 crore milestone is a testament to the strength of our cooperative model and the unwavering support of our members,” he said.
The AGM also underlined the Bank’s focus on digital transformation, financial inclusion, and strengthening its cooperative base to sustain future growth.