The Visakhapatnam Cooperative Bank has reported a steady and commendable performance for the financial year ended March 31, 2026.
The bank’s total business surged by 8.74% to Rs 8,472 crore, up from Rs 7,791 crore in the previous year. Deposits grew by 5.52% to Rs 4,595 crore, while Loans & Advances recorded a strong double-digit growth of 12.83%, reaching Rs 3,877 crore, highlighting robust credit demand and sustained customer trust.
The bank reported a Net Profit Before Tax of Rs 88.15 crore, maintaining profitability at healthy levels. Net Profit After Tax stood at Rs 66.85 crore, witnessing a marginal decline compared to the previous year.
Significantly, asset quality improved with Gross NPA reducing to 1.42% from 1.88%, reflecting prudent lending practices and effective recovery mechanisms. The bank’s financial strength was further reinforced by an increase in Share Capital to Rs 416 crore and Reserves & Surplus to Rs 361 crore.
CASA deposits registered an impressive growth of nearly 10%, indicating a strong focus on low-cost funds. With its branch network expanding to 60 and CD Ratio improving to 84.38%, the bank continues to strengthen its presence and operational efficiency.
The performance underscores the bank’s commitment to sustainable growth, financial discipline, and customer-centric banking.