Union Minister Amit Shah felicitates top achievers among UCBs

Union Home and Cooperation Minister Amit Shah felicitated five leading urban cooperative banks of India for their outstanding performance, in a glittering function organized on Thursday at ‘Bharat Mandapam’, New Delhi.

The banks, which were felicitated with a shawl included, Maharashtra based Saraswat Cooperative Bank, SVC Cooperative Bank, Cosmos Cooperative Bank, TJSB Sahakari Bank and Gujarat based Kalupur Cooperative Bank.

The largest urban cooperative bank of India-Saraswat Cooperative Bank Chairman Gautam Thakur, who was sharing the dais with Amit Shah, received the award. Saraswat Co-op Bank achieved a business mix of Rs 75,559 crore in the 2022-23 financial year and Net NPA stood at ‘Zero’. The bank earned a net profit of Rs 352 crore.

The SVC Cooperative Bank Vice-Chairman Arun D. Mavinkurve was felicitated for the outstanding performance of the bank. The Bank’s total business as on 31st March 2023 stood at Rs 33,480.61 crore and earned a net profit of Rs 176.31 crore.

Besides, Cosmos Bank Chairman Milind Kale and Vice-Chairman Praveen Kumar Gandhi were among thosewho were honoured on the occasion. Shah wrapped Kale with a shawl. At the end of March 2023, the Bank’s business was more than Rs 30700 Crore which included Deposits of more than Rs. 17600 Crore and Advances of more than Rs. 13100 Crore. The bank has earned a net profit of Rs 151 Crore.

The other two banks- including TJSB Sahakari Bank Vice-Chairman Vaibhav Singhavi and Kalupur Cooperative Bank Chairman Navnitbhai Chimanlal Patel were also felicitated on the occasion.

TJSB Bank achieved a business mix of Rs 20,954 crores and earned a net profit of Rs 173 crores in 2022-23 FY. Whereas, as on 31st March 2023, the Kalupur Cooperative Bank business stood at Rs 16,988 and earned a net profit of Rs 167.71 crore.

According to Nafcub, the top 10 UCBs in 2022-23 are- Saraswat Cooperative Bank, SVC Cooperative Bank, Cosmos Cooperative Bank, TJSB Sahakari Bank, Bharat Cooperative Bank, Abhyudaya Cooperative Bank, Kalupur Cooperative Bank, Janata Sahakari Bank, Pune, NKGSB Cooperative Bank and Rajkot Nagarik Sahakari Bank.