Maharashtra based Janata Sahakari Bank, Pune has reported steady operational growth for FY 2025–26, with its total business crossing Rs 17,522.57 crore, reflecting a healthy expansion over the previous year.
As per audited financial indicators, the bank’s total deposits rose to Rs 10,811.40 crore, while advances increased to Rs 6,711.17 crore. The bank also strengthened its capital base, with CRAR improving to 15.07% and Tier-I capital rising to Rs 609.82 crore. Net worth stood at Rs 556.52 crore, indicating continued financial stability.
However, net profit after tax declined sharply to Rs 17.33 crore from Rs 67.98 crore in the previous year. Asset quality saw marginal pressure, with gross NPA at 4.08% and net NPA at 2.09%.
Speaking to Indian Cooperative, CEO Jagdish Kashyap clarified the reasons behind the dip in profitability. He said, “We have performed well across all key parameters, including earnings and operational performance in FY 2025–26. However, due to investments in government securities, we incurred valuation losses and had to make a provision of around Rs 40 crore, which impacted our net profit.”
He added that the bank remains fully transparent in its financial reporting. “Our operating profit stood at around Rs 92 crore, but due to provisioning and higher investment-driven adjustments, the final profit has reduced,” Kashyap explained.
Looking ahead, the bank is optimistic about growth. “In the current financial year, we are aiming to achieve a business mix of over Rs 20,000 crore. We also plan to expand our footprint by opening three new branches,” he said, adding that the bank remains compliant with regulatory frameworks including ECBA norms and other supervisory requirements.
Despite the temporary profit dip, the bank’s core performance indicators signal resilience and a strong foundation for future growth.