SVC Co-operative Bank Ltd., one of India’s most trusted and leading multi-state scheduled urban co-operative banks, has once again reaffirmed its strength and resilience by posting its highest-ever net profit, alongside best-in-class asset quality and business growth.
The audited financial highlights for F.Y. 2024–25 reveal a stellar net profit after tax of Rs 241 crore, marking a robust 10.52% growth over the previous year. This growth underscores SVC Bank’s consistent focus on enhancing earnings and streamlining operations. The bank’s total business surged to Rs 39,353 crore, registering an impressive 11.93% rise, with deposits touching Rs 22,380 crore and advances soaring to Rs 16,973 crore—a remarkable 14.29% jump.
This sharp rise reflects strong momentum in both, deposit mobilization and credit expansion, highlighting the bank’s robust customer connect strategy and growing significance in the co-operative banking sector.
Notably, the bank achieved its lowest ever Gross NPA at 1.96% and Net NPA at just 0.25%, underscoring its prudent credit risk management and a focused recovery strategy. With PCR at 87.54%, the asset quality remains one of the strongest in the industry. The ROA touched a record 1.02%, further cementing SVC Bank’s financial prudence and efficiency.
This performance comes in the backdrop of the bank’s unwavering commitment to stability, customer-centric values, and strategic technology adoption.
Commenting on the results, Chairman of SVC Co-operative Bank Ltd., Shri. Durgesh S. Chandavarkar stated, “These results are a reflection of our unwavering resolve to serve with integrity, innovation, and inclusive growth. As we embrace modern technology and digital transformation, we remain deeply rooted in our founding principles of ethics, trust, and service to every customer. Our journey towards excellence continues, with a strong heart and a stronger purpose.”
Backed by 118 years of trust, SVC Co-operative Bank Ltd., continues to move ahead with its guiding theme — “Powering Progress Through Performance.”
Founded in 1906, the bank operates through a wide network of 200 branches across 11 states including Maharashtra, Karnataka, Goa, Gujarat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana, and Tamil Nadu.
Headquartered in Mumbai, the bank’s operations are supported by 216 ATMs and a dedicated workforce of over 2,400 employees.
The bank continues to thrive under the visionary leadership of Shri. Durgesh S. Chandavarkar — a distinguished industrialist, banker, philanthropist, and a seasoned leader, with over four decades of experience across various industries.
SVC Co-operative Bank has been honoured with multiple prestigious awards in 2024, including the Banco Blue Ribbon 2024 for excellence in the Urban Co-Operative Bank category (banks with deposits above Rs. 15,000 crore) and the ‘Best Technology Bank – Special Mention’ by Indian Banks’ Association (IBA) at the 20th Annual Banking Technology Conference, Expo, and Citations. Amit Shah, Union Minister of Home Affairs and Cooperation recognized SVC Bank’s contribution to NUCFDC, recently.
We whole heartedly congratulate all the management and official to contribute to the growth of the bank. Our humble request to the management to introduce pension schemes so that any lay man who saved his or her hard earned money and get the pension through out his or her lifetime.