Gujarat based Surat People’s Co-operative Bank has reported a stable financial performance for the year ended March 31, 2026, with consistent growth across key parameters, despite a marginal dip in profitability.
As per the bank’s provisional unaudited results, total business rose to Rs 13,335.53 crore, marking an 11.65% increase from Rs 11,843.80 crore in the previous year. Deposits grew by 11.43% to Rs 7,686.54 crore, while advances increased by 11.66% to Rs 5,648.99 crore, reflecting balanced expansion on both sides of the balance sheet.
The bank’s reserves strengthened by 18.66%, reaching Rs 956.03 crore, underlining improved capital backing. Investments also climbed 13.06% to Rs 2,643.15 crore.
On the profitability front, gross profit stood at Rs 148.44 crore, registering a 6.75% decline, while net profit remained nearly stable at Rs 92.60 crore, marginally lower by 0.23% compared to Rs 92.82 crore last year (adjusted for reserve write-back).
Asset quality saw some pressure, with Gross NPA rising to 2.55% from 1.76%. However, the bank maintained a strong position on recoveries, keeping Net NPA at 0%.
With 36 branches and over Rs 13,300 crore business, the bank continues to position itself among Gujarat’s leading multi-state cooperative banks. It also highlighted its push towards modernization through Finacle software and digital services, including mobile banking, QR-based payments, POS solutions, and 24×7 customer support.