Pune Peoples’ Co-operative Bank, a leading multi-state cooperative bank in Maharashtra, conducted its 74th Annual General Meeting (AGM) on Sunday, September 28, 2025, at Pune Merchants’ Chamber, Market Yard. The meeting, presided over by CA Janardan Randive, was marked by an enthusiastic presence of members and a festive spirit.
The bank reported robust financial performance, achieving a total business of Rs 2,706 crore as of March 31, 2025, with Rs 1,633 crore in deposits and Rs 1,073 crore in advances.
It posted a net profit of Rs 17.46 crore, with a CD ratio of 65.70%, CRAR at 15.59%, and a remarkable 0% net NPA, a testament to its prudent management. Recognizing this performance, the Board proposed a 15% dividend, which was passed unanimously amidst applause.
Looking forward, the bank aims to touch a net profit of Rs 20 crore by March 2026. Plans are underway to expand its network with new branches at Saswad and Shikrapur, for which proposals have been submitted to the Reserve Bank of India.
Demonstrating social responsibility, the Board resolved to contribute one day’s sitting allowance from directors and one day’s salary from employees, along with additional aid from the bank, towards flood relief efforts in Maharashtra.
With 23 branches and modern digital facilities such as UPI, IMPS, mobile banking, Rupay cards, and QR code services, the bank continues to set benchmarks in cooperative banking.