MSCB holds 114th AGM

**114th Annual General Meeting of Maharashtra State Cooperative Bank (MSCB) Held in Mumbai**

The 114th Annual General Meeting of the Maharashtra State Cooperative Bank (MSCB) was held at Sahakar Hall, Mumbai Head Office, on 25th September 2025. The meeting began with MSCB Bank Administrator, Vidyadhar Anaskar, reviewing the bank’s progress over the financial year and addressing key points from the Annual Report. He updated members on the bank’s economic status and criteria of progress as of 31st March 2025.

### 1.1 Inauguration of UPI Acquire and Early Warning System

MSCB has become the first cooperative bank in the country to activate both UPI Acquire and Early Warning System among all State and District Banks. Administrator Vidyadhar Anaskar formally inaugurated these facilities at the start of the meeting.

The bank is now “GO LIVE” as a UPI Acquirer, having received its own handle, @mscbank. This service can be extended to all urban and district cooperative banks, fostering the concept of ‘co-operative among cooperatives.’ MSCB also issued the first QR code to Nagar Taluka Kharedi Vikri Sangh of the Ahilya Nagar District Bank.

The Early Warning System, developed under the guidance of the Reserve Bank of India and NABARD, will aid in loan account monitoring and fraud prevention.

### 1.2 Highest Networth Among Cooperative Banks

By 31st March 2025, MSCB’s networth stood at Rs. 5,396 Crores, showing a remarkable increase of Rs. 778 Crores compared to the previous year. MSCB now holds the highest networth among all cooperative banks in India, underscoring the strong foundation of the bank.

### 1.3 Net Profit Growth and Dividend Declaration

MSCB earned a net profit of Rs. 651 Crores in the financial year 2024-25, up from Rs. 615 Crores the year before. Notably, this figure excludes any government-guaranteed amounts.

In light of this robust profit, the meeting approved the administration’s recommendation to distribute a 10% dividend to the shareholders by a majority vote.

### 1.4 Increase in Own Funds

The bank’s own funds—including statutory reserves and share capital—have reached Rs. 7,706 Crores, marking a substantial increase of Rs. 585 Crores over the previous year.

### 1.5 Strong Capital to Risk Weighted Asset Ratio (CRAR)

According to RBI regulations, banks must maintain a minimum Capital to Risk Weighted Asset Ratio (CRAR) of 9%. MSCB has comfortably maintained this ratio at 17.61%, reflecting enhanced profit-earning capacity.

Additionally, MSCB’s Credit-Deposit (CD) Ratio stands at a healthy 80%.

### 1.6 Growth in Loans, Deposits, and Total Business

As of 31st March 2025, MSCB’s loan portfolio totaled Rs. 35,588 Crores—an increase of Rs. 1,906 Crores from the previous year. Deposits grew by Rs. 2,776 Crores to reach Rs. 26,359 Crores.

These improvements have boosted the total business of MSCB to Rs. 61,947 Crores, a rise of Rs. 4,682 Crores over the prior year.

### 1.7 Business Per Employee

Over the past five years, MSCB’s business per employee has tripled, growing from Rs. 23 Crores to Rs. 75 Crores, highlighting improved productivity and efficiency.

### 1.8 Net Non-Performing Assets (NPA)

By the end of March 2025, MSCB’s Provisioning Coverage Ratio stood at 80.92%, with a net NPA ratio of 1.79%, indicating strong asset quality management.

### 1.9 Consistent ‘A’ Audit Class and Dividend Distribution

MSCB has maintained an ‘A’ Audit Class rating for the past 13 consecutive years. Furthermore, the bank has been distributing a 10% dividend to its members consistently for the last 10 years.

### 1.10 ISO 27001-2022 Security Certification

MSCB is proud to have received the ISO 27001-2022 Certification, an international standard for information security management. This accolade reflects the bank’s commitment to preserving its 114-year legacy while embracing modernization.

### Summary

During the financial year 2024-25, MSCB achieved remarkable milestones:

– Total Business: Rs. 61,947 Crores
– Networth: Rs. 5,396 Crores
– Gross Profit: Rs. 1,032 Crores
– Own Funds: Rs. 7,706 Crores
– Audit Class ‘A’: 13 consecutive years

The members present at the meeting passed a resolution congratulating the MSCB administration for its outstanding performance and progress.

*This AGM marks another successful chapter in the steadfast journey of Maharashtra State Cooperative Bank, committed to empowering cooperative banking for a prosperous future.*
https://www.freepressjournal.in/corporate-gallery/mscb-holds-114th-agm

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