Demonstrating strong financial performance, Karnataka based Tumkur Grain Merchants’ Co-operative Bank has reported a net profit of Rs 15.46 crore for the financial year ending March 31, 2025.
The bank’s operating profit stood at Rs 25.78 crore, indicating effective operational efficiency despite a competitive banking environment.
The bank’s total business (deposits & advances) reached Rs 2,410 crore, with deposits at Rs 1,414.10 crore and advances at Rs 995.88 crore, resulting in a Credit-Deposit (CD) Ratio of 70.43%.
The bank maintained a Capital to Risk-Weighted Assets Ratio (CRAR) of 23.92%, significantly above the regulatory requirement, highlighting its strong capital adequacy. The Net NPA stood at 3.20%, while the CASA (Current Account and Savings Account) deposit share was at 18.09%, reflecting a stable liability profile.
Its total assets surged to Rs 2,142.99 crore, and the investment portfolio, including interbank deposits, was pegged at Rs 752.51 crore.
The share capital of the bank stood at Rs 31.84 crore, while the net worth climbed to Rs 209.39 crore, underscoring a healthy financial base.
