In a major milestone, the Reserve Bank of India has lifted the Supervisory Action Framework (SAF) imposed on Pune Urban Cooperative Bank.
Once grappling with critical challenges, including a Net NPA of 40.61% as of March 31, 2021, the bank has now successfully reduced it to 0.00% by March 31, 2025.
Its Capital to Risk-weighted Assets Ratio (CRAR) stands at an impressive 56.96%, well above the regulatory minimum of 12%. Additionally, the bank has posted consistent net profits over the past three financial years.
This remarkable turnaround is widely credited to the visionary leadership of the bank’s chairman and directors in general, and Chief Executive Officer Sadhu Dattatraya Bankar in particular, who began his journey with the bank as a peon in 1993.
Through unwavering dedication and continuous academic advancement (B.Com, M.Com, JAIIB, GDC&A), Bankar steadily climbed the ladder, serving as clerk, branch manager, deputy manager, and eventually becoming CEO in 2018.
Today, Pune Urban Cooperative Bank meets all eligibility norms to be classified as FSMW compliant, with strong internal controls, full compliance with CRR/SLR requirements, zero RBI penalties, and a fully implemented Core Banking Solution (CBS).
