Mumbai-based Zoroastrian Co-operative Bank delivered stellar performance during 2024-25 across all business parameters. Its total deposits grew to Rs 1,218 crore, registering a growth of 12% over the previous year. The Bank’s total advances recorded an increase of 13%, while net profit registered a growth of 53%.
Addressing the shareholders at a recently conducted AGM, Yazdi Tantra, Chairman of the Bank, highlighted the Bank’s continued excellence in asset quality control. He added that Gross Non-Performing Assets (GNPA) of the Bank reduced by over 60% during 2024-25, with the GNPA ratio standing at 0.85%, probably among the lowest in the industry.
“The provision coverage ratio is more than 100%, and Net NPAs of the Bank continue to be NIL. The Bank has declared a dividend of 10% for 2024-25,” he added.
Tantra further highlighted the Bank’s strategic focus on maintaining strong CASA growth, improving profitability through disciplined cost management, operational efficiency, and strengthening human resource capabilities.
He noted that the Bank will complete 100 years of service to society in 2027 and will endeavor to significantly scale up operations with many customer-friendly initiatives. He thanked shareholders for their continued trust and urged them to be part of the grand centenary celebrations.
Meanwhile, speaking to Indian Cooperative, the Bank’s CEO, Daljit Dogra, emphasized that the decision to adopt top-end technology with robust security measures, a strong focus on retail loans, digital banking facilities, prudent credit underwriting practices, and strong recovery measures has started yielding excellent results.
He stated that around 80% of the Bank’s transactions are conducted through digital channels. Dogra reiterated the Bank’s focus on retail loans, including solar and education loans, alongside cost controls and enhancing staff productivity.
He added that the Bank is looking forward to a quantum jump in business growth over the next three years.
