Himachal Pradesh State Cooperative Bank (HPSCB) has recorded an impressive gross profit of Rs 307 crore for the financial year 2024-25, which ended on March 31, 2025.
The bank Chairman Devender Shyam expressed his satisfaction with the bank’s strong performance, emphasizing that HPSCB continues to establish itself as a leading financial institution.
The bank achieved remarkable growth, increasing its total business by Rs 2,000 crore to reach Rs 27,431.42 crore. Deposits surged by over Rs 1,000 crore to Rs 16,334.37 crore, while loans and advances grew to Rs 11,097.05 crore. The bank also made significant strides in reducing its Non-Performing Assets (NPA), with Gross NPA now at 3.66% and Net NPA at just 0.26%, reflecting its robust financial health.
Embracing digital banking solutions, HPSCB has enhanced its technology-driven services, offering Internet Banking, Mobile Banking, UPI, PhonePe, Google Pay, and BHIM. The bank processed a record Rs 5,300 crore in digital transactions during the financial year, underscoring its commitment to modern banking solutions.
The bank’s Managing Director Sharwan Manta congratulated all stakeholders, including cooperative members, customers, and employees, for their contribution to this success.
He highlighted the bank’s continued efforts in launching customer-centric loan schemes. Under the Sashakt Mahila Loan Yojana, the bank disbursed loans worth Rs 100 crore to over 39,500 women. Additionally, over Rs 2,000 crore in loans were provided to 74,000 farmers through the Kisan Credit Card scheme, strengthening the agricultural sector.
Further, Rs 1,500 crore was granted to over 11,500 customers under the House Loan Yojana for home construction, and more than Rs 5 crore was sanctioned for the High-Density Apple Plantation Development Yojana. The bank also introduced the Sapno Ka Sanchay Yojana, benefiting over 10,100 youth, who have collectively saved over Rs 10 crore in dedicated accounts.
With continuous innovation and strong financial management, the Himachal Pradesh State Cooperative Bank remains the preferred banking institution in the state, consistently delivering inclusive growth and financial empowerment to its customers.
