Delhi-based Ramgharia Cooperative Bank, which has been operating under RBI directions, is witnessing a remarkable turnaround and the bank extended thanks to the timely intervention and unwavering support of the BJP-led government in the national capital, particularly Cooperation Minister Ravinder Singh (Indraj).
The bank had long struggled to raise share capital due to a restriction that limited share issuance to Rs 20,000 per shareholder. However, with the backing of the Delhi government, this cap was recently lifted, a move that proved to be a game-changer.
Following the removal of the cap, the bank successfully raised its share capital from Rs 5.37 crore to approximately Rs 9 crore, of which Rs 3.75 crore was mobilized in just about a month. This influx helped the bank’s net worth shift from negative to positive, marking a key milestone in its revival journey.
Speaking to Indian Cooperative, Bank Chairperson Ranjeet Kaur expressed gratitude to the Delhi government and praised Minister Ravinder Singh (Indraj) for his critical role.
“Earlier, we were restricted from issuing shares of more than Rs 20,000. With the government’s help, the cap was removed, and we were able to raise Rs 3.75 crore from shareholders in a short span,” she said.
The bank’s Capital to Risk-Weighted Assets Ratio (CRAR), which was previously in the red at -11%, has now climbed to 7.29%, moving closer to the RBI-mandated minimum of 9%. Moreover, the accumulated loss has reduced significantly from Rs 18 crore to Rs 11 crore.
“We are hopeful that in the next 4–5 months, our bank will be fully back on track,” Kaur added with optimism.
The revival of Ramgharia Cooperative Bank stands as a shining example of how cooperative institutions can be rejuvenated through policy support, strategic reforms, and community engagement.