**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 on 25th September 2025 at Sahakar Hall, Mumbai Head Office. The meeting commenced with MSCB Bank Administrator Vidyadhar Anaskar reviewing the bank’s progress over the financial year, addressing all points detailed in the Annual Report. He provided an economic overview of the bank and highlighted the criteria for MSCB’s progress as of 31st March 2025.
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### 1.1 Inauguration of UPI Acquirer and Early Warning System
MSCB became the first bank in the country to activate the UPI Acquirer and Early Warning System among all State and District Banks. Administrator Vidyadhar Anaskar officially inaugurated these facilities at the beginning of the meeting.
As a UPI Acquirer, MSCB has gone “GO LIVE” and received its own handle, @mscbank. This service will be extended to all urban and District Banks, promoting the concept of “co-operative among co-operatives.” MSCB also introduced the first QR code to the Nagar Taluka Kharedi Vikri Sangh of the Ahilya Nagar District Bank.
Additionally, an Early Warning Signal System has been established under the guidance of the Reserve Bank of India and NABARD. This system will assist in monitoring loan accounts and help prevent irregularities.
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### 1.2 MSCB: The Cooperative Bank with the Highest Net Worth in India
A strong foundation is critical for banking operations, and net worth is a key indicator of this strength. As of 31st March 2025, MSCB’s net worth stood at Rs. 5,396 Crores, marking a significant increase of Rs. 778 Crores compared to the previous year. This makes MSCB the cooperative bank with the highest net worth in the country.
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### 1.3 Net Profit of the Bank
During the previous financial year, MSCB earned a net profit of Rs. 615 Crores. This year, the bank achieved a net profit of Rs. 651 Crores, excluding any government guarantee payouts. In view of this substantial profit, the meeting approved a 10% dividend payout recommendation by majority vote.
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### 1.4 Own Funds of the Bank
Including statutory reserves and share capital, the bank’s own funds reached Rs. 7,706 Crores, an increase of Rs. 585 Crores compared to the previous year.
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### 1.5 Capital to Risk Weighted Asset Ratio (CRAR)
As per Reserve Bank of India norms, banks must maintain a minimum Capital to Risk Weighted Asset Ratio of 9%. MSCB has comfortably exceeded this requirement with a ratio of 17.61%, reflecting enhanced profit-earning capacity.
Additionally, MSCB maintained a Credit-Deposit (CD) ratio of 80%, reflecting balanced asset utilization.
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### 1.6 Loans, Deposits, and Total Business
By 31st March 2025, MSCB had disbursed loans worth Rs. 35,588 Crores, increasing by Rs. 1,906 Crores year-over-year. Deposits also grew by Rs. 2,776 Crores to reach Rs. 26,359 Crores.
This growth contributed to a total business increase of Rs. 4,682 Crores, bringing the total business volume to Rs. 61,947 Crores by the end of the financial year.
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### 1.7 Business Per Employee
Over the last five years, MSCB has tripled its business per employee, which surged from Rs. 23 Crores to Rs. 75 Crores, highlighting operational efficiency improvements.
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### 1.8 Net Non-Performing Assets (NPA)
MSCB’s Provisioning Coverage Ratio stood at 80.92%, and the net NPA was recorded at a low 1.79% as of 31st March 2025, demonstrating strong asset health.
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### 1.9 Audit Class
MSCB has proudly secured an ‘A’ Audit Class rating for 13 consecutive years. Moreover, the bank has consistently distributed a 10% dividend to its members for the last 10 years.
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### 1.10 ISO Security Certification for MSCB
In a significant step towards modernization while preserving its rich 114-year legacy, MSCB was awarded the ISO 27001:2022 Certification—an internationally recognized security standard. This accolade symbolizes the bank’s commitment to excellence and robust security.
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### Summary of Financial Highlights for the Year 2024-25
– Total Business: Rs. 61,947 Crores
– Net Worth: Rs. 5,396 Crores
– Gross Profit: Rs. 1,032 Crores
– Own Funds: Rs. 7,706 Crores
Having earned the Audit Class ‘A’ rating 13 times consecutively, the members unanimously passed a resolution congratulating the MSCB administration for its outstanding performance and progress.
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The 114th Annual General Meeting marked another milestone in MSCB’s journey of growth, innovation, and commitment to cooperative banking principles for the benefit of its members and stakeholders.
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