In a significant development for Assam’s urban cooperative banking sector, the Reserve Bank of India (RBI) has granted post-facto approval for the appointment of Ashim Bordoloi as Managing Director of the Co-operative City Bank Ltd..
The approval, issued by RBI’s Department of Regulation through its Kolkata Regional Office on Monday, is valid until August 22, 2028.
The approval comes at a crucial juncture for the Guwahati-based bank, which is working to strengthen its financial position while enhancing governance and operational efficiency.
Established in 1981, the bank remains one of Assam’s prominent urban cooperative banks, serving customers through its branch network across Guwahati.
As of March 31, 2026, the bank reported total deposits of Rs 154.66 crore and gross advances of Rs 94.59 crore, resulting in a credit-deposit ratio of 61.16%.
However, financial challenges persist, with accumulated losses standing at Rs 10.47 crore and a net loss of Rs 3.72 crore during FY26. Despite this, asset quality remained relatively stable, with Gross NPA and Net NPA ratios at 4.73% and 1.49%, respectively.