The Rajasthan State Co-operative Bank (RSCB) held its 69th Annual General Meeting (AGM) last week under the chairmanship of Administrator and Principal Secretary of the Cooperation Department, Ms. Manju Rajpal, during which it was announced that the co-op bank has achieved its highest performance since inception.
During the meeting, the Administrator informed that the bank had achieved a record net profit of Rs 78.22 crore, the highest in its history. She noted that the bank continues to maintain full compliance with all key Reserve Bank of India (RBI) parameters, including CRAR, CRR, and SLR norms.
In FY 2024–25, Central Co-operative Banks across Rajasthan disbursed Rs 23,494.26 crore in short-term crop loans to 31.14 lakh farmers. Additionally, loans worth Rs 234.22 crore were extended to over 29,000 cattle rearers under the Gopal Credit Card Scheme.
Ms. Rajpal urged members to diversify business activities in line with the directions of the Chief Minister and Cooperation Minister, and to bring more youth and women into the cooperative fold. Emphasizing the three pillars of strengthening primary societies, empowerment, modernization of services, and transparency in operations, she called for renewed efforts under the “Sahakar Se Samriddhi” (Prosperity through Cooperation) initiative.
Highlighting the importance of Farmer Producer Organizations (FPOs), she said they play a key role in enhancing the financial strength of PACS and improving farmers’ income and living standards. She also stressed the timely implementation of commitments made in the State Budget 2024–25.
Bank Managing Director Sanjay Pathak presented the agenda items as scheduled, which were approved unanimously. The AGM also sanctioned the distribution of Rs 15.64 crore as dividend from the bank’s FY 2024–25 profits.
Pathak announced several new initiatives for FY 2025–26, including establishing locker hubs, recognizing high-performing PACS, and organizing district-level training programmes.
The Administrator expressed gratitude to the State Government, RBI, and NABARD for their continuous support and guidance.
The meeting concluded with a vote of thanks by the Managing Director to all members and participants who joined both physically and virtually.
