Maharashtra State Cooperative Bank (MSC Bank) has announced an unprecedented business turnover of Rs 61,956 crore for the financial year ending 31st March, 2025.
Alongside this, the bank has posted a record net profit of Rs 651 crore, marking its fourth consecutive year of steady growth in profitability.
With this performance, the MSC bank’s net worth has reached Rs 5,300 crore, making it the only cooperative bank in India to surpass the Rs 5,000 crore net worth mark.
On the bank’s incredible achievement, the Vidyadhar Anaskar, Administrative Board Chairman, MSC Bank said, “The bank has consistently posted strong results over the past four years, with net profits of Rs 603 crore in FY 2022, Rs 609 crore in FY 2023, Rs 615 crore in FY 2024, and Rs 651 crore in FY 2025.”
The gross profit for FY 2025 stood at Rs 1,032 crore. Deposits grew to Rs 26,359 crore, while advances increased to Rs 35,597 crore. The bank’s owned funds also witnessed steady growth, reaching Rs 7,737 crore this year.
On the strength of these robust financial indicators, the Reserve Bank of India has granted the bank permission to issue long-term bonds worth Rs 500 crore (Perpetual Debt Instruments – PDI) as per its letter dated 17th February, 2025. This further strengthens the bank’s capital base and opens avenues for future expansion.
In addition to its financial achievements, the bank has taken proactive steps in strengthening the cooperative banking structure in the state. It has been appointed as the institutional administrator for the financially distressed Nagpur District Central Cooperative Bank by the state government.
Similarly, the bank has assumed the role of institutional advisor for the Nashik District Central Cooperative Bank. Earlier, it had extended a low-interest loan of Rs 300 crore to the Buldhana District Central Cooperative Bank to support its recovery.
The bank is also leading in technology and cybersecurity. It has established a state-of-the-art Cyber Security Operation Center (C-SOC) in Vashi, Navi Mumbai—the first of its kind for any state cooperative bank in the country. It has also received the prestigious ISO 27001:2013 certification, ensuring secure handling of customer data.
Demonstrating its commitment to innovation and farmer welfare, the bank has entered into an agreement with the Maharashtra State Warehousing Corporation. Through this partnership, it offers loans to farmers against warehouse receipts using blockchain technology. Loans worth Rs 205 crore have already been disbursed under this initiative, enabling timely credit access for farmers.
With its strong financial performance, progressive initiatives, and a focus on strengthening the rural cooperative structure, Maharashtra State Cooperative Bank continues to emerge as a beacon of excellence in the cooperative banking sector.
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