Nagpur-based Tirupati Urban Co-operative Bank crossed a business mix of more than Rs 1,300 crore. The bank’s net profit soared 61% to Rs 6.72 crore in FY 2024-25, up from Rs 4.16 crore in the previous year.
In FY 2024-25, deposits rose to Rs 730.10 crore (from Rs 676.29 crore last year), while advances touched Rs 460.76 crore (against Rs 411.76 crore). Its net profit soared 61% to Rs 6.72 crore, up from Rs 4.16 crore in the previous year.
The bank, which was founded in 1996 by former Member of Parliament Shri Dattatraya Ji Meghe, has completed 29 years of successful operations and is marching ahead as one of Vidarbha’s leading cooperative banks.
The bank has a well-structured Board with Prem Grover as Chairman and Ramesh Borkute as Vice Chairman, along with highly qualified and experienced member directors, including professionals such as senior chartered accountants, engineers, and women directors.
Maintaining financial strength, Tirupati Urban reported a CRAR of 18.3%, net worth of Rs 84 crore, and brought down its Gross NPAs from 3.30% to 2.59%, while keeping Net NPAs at zero.
The bank CEO Sanjay Banerji, a seasoned banker with 27 years of domestic and international experience, is steering the bank towards greater digital adoption. With 16 branches, the bank is offering RTGS/NEFT, IMPS, UPI, Debit Cards, NACH, and Mobile Banking, while focusing its loan portfolio on small businesses, housing, education, and vehicle finance for the lower and middle-class segments.
The bank, rated “A” in statutory audits for consecutive years, has a proud legacy of awards, including the Best Bank Award by MSCBA (2002–2009) and multiple recognitions from Vidarbha Urban Banks Co-operative Association.
With strong fundamentals and modern digital banking facilities, Tirupati Urban Bank is positioning itself as a trusted financial partner for Vidarbha’s middle-class families while expanding its presence in urban growth centers.