Pune’s Rajgurunagar Cooperative Bank has crossed a significant milestone by achieving a business mix of over Rs 2,901 crore for the fiscal year ending March 31, 2025. This marks a 15% growth compared to the previous fiscal year (2023-24).
The bank’s total deposits surged to Rs 1,883 crore, while advances were recorded at Rs 1,088 crore, indicating an increase in lending activities. Additionally, the bank reported a gross profit of Rs 44.44 crore, reflecting its profitability and sustainable business model.
The bank maintained strong asset quality, with Gross NPA at 6.27%, and after accounting for provisions, the adjusted Gross NPA stood at Rs 68.19 crore, while Net NPA remained at 0%, showcasing excellent credit management.
With a Capital to Risk-Weighted Assets Ratio (CRAR) of 21%, the bank demonstrated financial stability, and its per-employee business stood at Rs 9.73 crore, highlighting operational efficiency.
Expressing his gratitude, Bank Chairman Dinesh Oswal thanked the Board of Directors, Managing Director, customers, employees, and stakeholders for their trust and support. He reaffirmed the bank’s commitment to continued growth and excellence in the cooperative banking sector.