The Delhi Nagarik Sahakari Bank held its Annual General Meeting on Sunday with Delhi Cooperation Minister Ravinder Indraj Singh in attendance, marking a significant moment in the bank’s revival journey and the broader cooperative sector of the capital.
The event showcased the bank’s turnaround after years of financial strain, with renewed confidence following the Reserve Bank of India’s recent decision to lift the Supervisory Action Framework (SAF), an outcome that drew wide public and media attention.
Minister Singh used the occasion to make several key policy pronouncements aimed at rejuvenating cooperative banking in Delhi. He declared that bank accounts of all ministers, officers, and employees of the Cooperation Department will now be opened in cooperative banks. He said this move would serve as a strong symbol of trust, participation, and confidence in the cooperative banking system.
Singh announced that new cooperative bank branches would be opened across Delhi, with a special emphasis on rural belts and rehabilitation colonies to deepen financial inclusion. He also said that detailed meetings with the chairpersons and directors of 12 major cooperative banks had already taken place in recent months, with the focus firmly on reforms and improving consumer services.
He further revealed that a statue of Shaheed Bhagat Singh will soon be installed in the premises of the Registrar of Cooperative Societies (RCS) office, reinforcing the connection between patriotic ideals and public service. The minister said that cooperation is not just an economic model, but a philosophy of social unity and collective upliftment.
The bank presented strong financial results for FY 2024–25. Total deposits stood at Rs 372.07 crore, while loans touched Rs 120.99 crore, showing loan growth of Rs 26.83 crore over the previous year. The Capital to Risk (Weighted) Assets Ratio (CRAR) reached an impressive 25.36%, more than double the RBI’s mandated 12%. Net NPAs were reported at –0.08%, well below the 3% benchmark, and the Provision Coverage Ratio stood at 100.31%, indicating sound risk management.
The Members Welfare Trust (MWF) disbursed Rs 4.45 lakh to the families of deceased members and posted a surplus of Rs 13.55 lakh. Students excelling in academics and sports were each awarded Rs 2,100. The bank also urged members to update KYC details and register mobile numbers and email addresses, while announcing that ATM debit card services would soon be rolled out.
Pradeep Kumar Sharma, the Bank’s Chairman, extended gratitude to members, regulatory authorities, and employees, reaffirming the institution’s commitment to community service, profitability, and sustained growth.
Singh added that a citywide “Cooperative Week” will be celebrated from November 14 to 20, culminating in a major blood donation camp organised by cooperatives across Delhi. He said the spirit of “Prosperity through Cooperation” will drive the next phase of growth, with the government working towards the vision of Antyodaya, self-reliance, and a more inclusive financial system.
