Maharashtra’s Nagpur-based Shikshak Sahakari Bank has reported a net profit of Rs 9.17 crore for the financial year 2024–25. The bank also achieved a net NPA of 0%, reflecting its strong asset quality and prudent financial management.
The announcement was made by the bank’s Chairman and former MLA Anil Sole during the Annual General Meeting (AGM).
During the year, the bank crossed a total business of over Rs 1,900 crore. Notably, the bank’s Capital to Risk-Weighted Assets Ratio (CRAR) stood at 16%. Owing to the profit growth, a 2% dividend has been declared for members.
Chairman Sole emphasized that, in light of the evolving dynamics of the cooperative sector, the bank has adopted modern technologies to enhance operations. Facilities such as mobile banking have improved customer convenience. The bank also remains active in various social welfare initiatives.
The AGM was conducted enthusiastically, with participation from board members, staff, and committee heads.
CEO Alpeshkumar Joshi and Vice-Chairman Praveen Datke, along with other dignitaries and directors, were present. Director Vivek Jugade moderated the meeting, and reports were presented by Yogesh Ban.
