Rajasthan State Cooperative Bank recorded a net profit of Rs 76.21 crore as of March 31, 2024, marking a 4.29% growth compared to the previous fiscal year, 2022-23. The bank’s total business surpassed Rs 13,000 crore.
Deposits rose from Rs 3,227.26 crore in 2022-23 to Rs 3,514.98 crore as of March 31, 2024, while loans and advances increased from Rs 8,834.46 crore to Rs 9,527.39 crore during the 2023-24 fiscal year.
The Credit-Deposit ratio (CD ratio) of the bank stood at 271.05%. Notably, the net Non-Performing Assets (NPA) remained at ‘Zero’ for the financial year 2023-24, with gross NPA at 0.17%.
The reserves and surplus of the bank rose from Rs 783.02 crore to Rs 860.55 crore as of March 31, 2024.