In a strong show of financial resilience, cooperative banks in Uttarakhand have reported a total profit of Rs 269.72 crore for the financial year 2025–26, reflecting improved performance and robust financial management.
Dhan Singh Rawat said that both state and district cooperative banks have strengthened their financial position, with 290 branches turning profitable during the year, up from 280 branches in the previous fiscal.
Highlighting the gains, Rawat noted that net profit stood at Rs 150.82 crore, marking an increase of Rs 28.96 crore compared to last year. The minister credited transparent policies, better loan management, and expansion of digital banking services for the improved performance.
On the asset quality front, cooperative banks made significant progress in controlling NPAs. Gross NPAs declined by over 6% from Rs 690.11 crore to Rs 650.23 crore, while net NPAs reduced from Rs 183.87 crore to Rs 173.65 crore. Timely recovery efforts and stricter financial discipline played a key role in this improvement.
Despite the positive trend, 41 branches remain in loss, and the government has directed officials to prepare targeted strategies to revive them. Rawat emphasized that strengthening cooperative banks will further boost the rural economy and enhance financial inclusion across the state.