Abhyudaya Coop Bank posts Rs 64.99 crore operating profit
Abhyudaya Co-operative Bank has reported an operating profit of Rs 64.99 crore for the year 2024-25 as against Rs 39.84 crore registered in the previous year. It declared a gross profit of Rs 34.87 crore and a net profit of Rs 5.22 crore.
The bank has strengthened its operational performance and reduced long standing accumulated losses. Interim CEO Barun R. G. Upadhyay said, “We have made collective efforts to steer the bank out of the red. While accumulated losses remain, we are confident they will be completely wiped out in the coming years. We value the trust our depositors have shown in us and remain committed to transparent governance, cooperative principles and financial discipline.”
As of March 31, 2025, accumulated losses stood at Rs 346.52 crore, down from Rs 371.50 crore, a reduction of Rs 24.98 crore, despite statutory allocations from current profits as mandated under cooperative banking norms. The bank also saw significant improvement in asset quality. Gross NPAs declined from Rs 1,140.46 crore to Rs 949.01 crore, while net NPAs dropped from Rs 478.23 crore to Rs 253.25 crore. The provision coverage ratio rose from 57.08% to 73.14%, reflecting stronger provisioning and tighter risk management.
As per audited data, total business stood at Rs 14,193 crore. Deposits rose to Rs 9,327 crore from Rs 9,118 crore, maintaining a strong CASA ratio of 43%. Advances declined to Rs 4,866 crore from Rs 5,591 crore, mainly due to sizeable recoveries in NPAs and a deliberate reduction in large exposures to comply with RBI norms.
The bank is focusing on expanding its retail and SME loan portfolio, which has improved the share of retail loans compared to corporate lending. This reflects a cautious lending approach and commitment to better asset quality and regulatory compliance.
The bank plans to further strengthen its retail loan base, maintain a robust core, CASA deposit base and upgrade its IT infrastructure and digital banking services. With continued focus on governance, compliance and depositor trust, the Bank aims to sustain its recovery and achieve long-term growth.
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