Mumbai-based Abhyudaya Co-operative Bank Ltd. held its 63rd Annual General Meeting (AGM), highlighting steady business growth, improved capital adequacy and a significant reduction in non-performing assets during 2025-26.
The AGM was held at Yashwant Rao Natyagriha, Matunga, Mumbai, and was presided over by Bank Administrator Satya Prakash Pathak. CEO Barun Raj G. Upadhyay welcomed shareholders, while General Manager (Finance) Rajesh Paralkar presented the minutes of the previous AGM and agenda items.
During FY2025-26, the Bank’s total business stood at Rs 13,690.86 crore, comprising deposits of Rs 9,366.62 crore and advances of Rs 4,324.24 crore. The Bank reported a profit before tax of Rs 96.33 crore.
A key highlight was the improvement in the Bank’s financial position. The Capital Adequacy Ratio increased from 3.62% in March 2025 to 6.46% in March 2026, while Gross NPA declined from Rs 949.01 crore to Rs 842.42 crore. Net NPA also improved from 6.07% to 4.97% during the year.
Addressing shareholders, Administrator Pathak highlighted the Bank’s progress in recovery, asset quality, regulatory compliance and sustainable business growth. He said the Bank was focusing on deposit mobilisation and credit expansion across retail, housing, vehicle, MSME and gold loans.
Pathak also highlighted initiatives to strengthen technology-enabled banking, customer service, corporate governance and risk management.
Bank Advisors Suhas Gokhale, Venkatesh Hegde and Devendra Kumar responded to shareholders’ queries and highlighted improvements in NPAs, capital adequacy, net worth and accumulated losses over the past three years.
Shareholders appreciated the efforts of the Administrator’s Committee towards strengthening the Bank’s financial position and expressed confidence in its continued recovery efforts.
The AGM concluded with the Bank reiterating its focus on financial discipline, recoveries, technology adoption, regulatory compliance and responsible business growth.
