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    MSCB holds 114th AGM

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    By Fpj Bureau

    Copyright freepressjournal

    MSCB holds 114th AGM

    114th Annual Annual General Meeting of the Maharashtra State Cooperative Bank (MSCB) was held at the Sahakar Hall at Mumbai Head Offiice of the MSCB, on the 25th September 2025.

    At the start of the meeting, MSCB Bank Administrator Vidyadhar Anaskar reviewed the progress made by the Bank during the financial year and dealt with all the points brought out in the Annual Report. He reviewed the economic status of the Bank and also made the members aware of the criteria of Bank’s progress as on 31st March 2025.

    1.1 Inauguration of UPI Acquire and Early warning System:

    MSCB has been the First in the country to get UPI Acquire and Early warning System activated among all the State and District Banks. Administrator of MSCB, Vidyadhar Anaskar formally inaugurated these facilities before the august gathering at the beginning of the meeting.

    MSCB has become “GO LIVE” as UPI Acquirer and as UPI Acquirer it has received its own handle @mscbank. The services of UPI Acquirer can be provided to all urban and District Banks. With this the concept of ‘co-operative among co-operative would get activated. MSCB has made available the first qr code to Nagar Taluka Kharedi Vikri Sangh of the Ahilya Nagar District Bank.

    Early warning signal system has been established under the guiding indicators of the Reserve Bank of India and NABARD.. This will help in control of loan accounts and in avoidance of wrong-doings.

    1.2 A Cooperative bank with highest Networth in the country:

    Foundation of a Bank has to be strong in banking transactions. For this the Networth of a Bank is checked. By the end of 31.3.2025, the Networth of the MSCB was Rs. 5,396 Crores and has shown significant increase of Rs.778 Crores compared to the previous year. MSCB has the highest Networth of all the cooperative banks in India.

    1.3 Nett profit for the Bank:

    MSCB had earned a Nett profit of Rs. 615 Crores during the previous financial year. This year the Bank has earned a Net profit of Rs. 651 Crores, which does not include any amount received from the Government under under Government guarantee. On the backdrop of a sumptuous profit of Rs. 651 Crores, the meeting approved the recommendation from Administration for a 10% Dividend by a majority.

    1.4 Own funds of the Bank:

    Considering the statutory reserves and share capital funds, the own funds of the Bank have reached Rs. 7,706 Crores, which has increased by a huge Rs. 585 Crores in comparison to previous year.

    1.5 Capital to Risk Weighted Asset Ratio (C.R.A.R)

    According to the Reserve Bank of India criteria, it is essential for the banks to maintain Capital to Risk Weighted Asset Ratio of a minimum 9%. As the MSCB has maintained this Ratio @ 17.61%, the profit earning capacity of the Bank is seen to be enhanced. While checking the Capital to Risk Weighted Asset Ratio (CRAR), it is essential to check the CD Ratio of the Bank. MSCB has maintained the said ratio @ 80%.

    1.6 Loans, deposits and total business:

    The loans provided by MSCB by the end of 31st March 2025 are valued @ 35,588 Crores which has seen an increase of Rs. 1,906 Crores over the previous year. The deposits at the MSCB have increased by Rs. 2,776 Crores over previous year and at the end of 31.3.2025, the total deposits at the MSCB have reached Rs. 26,359 Crores. This has enhanced the total business of the MSCB by Rs. 4,682 Crores over the previous year and by the end of 31.3.2025, the total business of the MSCB stood @ Rs. 61,947 Crores.

    1.7 Business per employee:

    During the last 5 years, the Business per employee at MSCB has increased by more than 3 times and has gone up from Rs. 23 Crores to Rs. 75 Crores.

    1.8 Net N.P.A.:

    By the end of 31.3.2025, the Provisioning Coverage Rratio of the MSCB stood @ 80.92% and the Nett N.P.A stands @ 1.79%.

    1.9 Audit Class:

    The MSCB has secured ‘A’ Audit class for the last 13 years and the MSCB is distributing 10% dividend to Bank members for the last 10 years.

    1.10 ISO Security Certificate for MSCB:

    Any institution and especially a financial institution is duly proud to obtain “International Security Standard”. Preserving legacy of a bright history of 114 years and blending the same with the modernization, the accolade earned by MSCB in the form of ISO 27001-2022 Certification is a symbol of the progress made by the Bank.

    During the Financial Year 2024-25, the total business of the MSCB has been Rs.61,947 Crores, Bank Networth Rs. 5,396 Crores, Gross profit Rs. 1,032 Crores and Own funds Rs. 7,706 Crores. With the MSCB earning Audit Class ‘A’ 13 times consecutively, the members present passed a resolution congratulating the MSCB administration with a majority.

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