Mumbai: Chairman Suryakant J. Suvarna Spech -Year after Year, the Bank has been invariably maintaining Capital to Risk Assets Ratio (CRAR) above the stipulated requirement. CRAR of the Bank as on 31.03.2025 was 14.14%, which is above the minimum required level of 12% and efforts are being made for further improvement during the current financial year.
During the year under report, a false, malicious and frivolous news article mentioning your Bank’s name along with other few Banks caused damage to the Bank’s business growth. Although, subsequently the said newspaper published a clarification on the same, the growth in Bank’s deposits was adversely impacted and thus the overall business and profitability of the Bank for the year was affected.
In the F. Y. 2024-25, Bank’s main focus was to increase its Retail Credit portfolio and Priority Sector advances in compliance to the regulatory guidelines.
The deposits of the customers continues to be insured upto Rs.5 lakh with the Deposit Insurance and Credit Guarantee Corporation (DICGC).
The Bank’s investment portfolio stood at Rs. 4,625.37 crore as on 31st March, 2025, of which an amount of Rs. 2,583.58 crore has been invested in government and other approved securities This accounted for 22.52% of Net Demand and Time Liabilities (NDTL).
The Bank is rendering services through its 101 branches, 3 extension counters, 97 on-site ATM centers and 2 off-site ATM centers across the states of Maharashtra, Karnataka and Gujarat. During the year, the Bank has maintained a stable and efficient branch network, reflecting its emphasis on operational prudence and long- term sustainability.
The Bank is making continuous progress towards technological up-gradation to extend best of the services to the customers through various digital channels. The Bank makes all efforts to ensure that its critical IT infrastructure runs on the latest hardware and software versions.