Thane: TJSB Sahakari Bank Ltd., one of India's premier multi-state co-operative banks, proudly declared its audited financial results for FY 2024–25 on April 10th, maintaining its tradition of punctual disclosures for over a decade. Despite the recent implementation of a new Core Banking System (CBS), the bank successfully upheld its commitment to transparency and timely financial reporting.
For FY 2024–25, the Bank reported a robust business mix of Rs 23,104.82 crores, comprising deposits of Rs 14,848.64 crores and total advances of Rs 8,256.18 crores. Its gross profit stood at Rs 252.07 crores, with a commendable net profit of Rs 185.38 crores. Demonstrating strong asset quality, the Bank maintained gross NPAs at 3.59 per cent and net NPAs at 0%, signaling sound financial management.
Among this year’s major achievements, TJSB received a Government Resolution allowing it to manage salary and pension accounts, and deposit collections for government employees and departments. This pivotal development significantly enhances the Bank's service portfolio and customer base.
Another landmark achievement was the successful amalgamation of Citizen Cooperative Bank Ltd., Goa, which added six new branches, expanding TJSB’s reach and operational capacity. With this, the Bank’s total network has grown to 149 branches across five states, solidifying its position in the cooperative banking sector.
A major highlight was the transition to a modernized Core Banking System, aimed at providing customers with a seamless, faster, and more secure banking experience. This digital upgrade aligns with the Bank’s ongoing focus on operational efficiency and innovation.
Chairman Shri Sharad Gangal emphasized the importance of this transformation, stating, “Our performance this year reaffirms TJSB’s financial resilience. The CBS upgrade marks a revolutionary change in our operations, enhancing service speed and paving the way for further digital advancements. We remain committed to a customer-first approach and innovative banking solutions.”
MD & CEO Shri Nikhil Arekar added, “The Government GR and the successful amalgamation are key milestones reflecting our dedication to growth and excellence. Expanding into Goa strengthens our presence, and with a total of 149 branches, we are set for a new era of growth. We will continue to drive financial inclusion through branch expansion and digital services.”
Vice Chairman C.A. Vaibhav Singavi and the entire Board were present at the press conference, reaffirming the leadership’s unified vision for the future.
