Saraswat Bank has delivered yet another outstanding performance for the financial year 2024-25. The largest cooperative bank with a 107-year-old legacy, continues its position as an icon in the co-operative banking sector.
The bank has witnessed a surge in total business this year as compared to last year. In the previous year (31st March, 2024), the bank’s total business was ₹82,025 crore whereas this year (31st March, 2025), the bank’s total standing was at ₹91,814 crore. The key factor driving this surge was deposits of ₹54,481 crore (up from ₹49,457 crore) and advances of ₹36,333 crore (up from ₹32,567 crore).
Saraswat Bank also marked a milestone by achieving its highest net profit. Bank’s net profit grew to ₹518.25 cr, whereas the same figure stood at ₹502.95 cr last year. By maintaining impressive asset quality, with gross NPA(Non-Performing Assets) at 2.25% and Net NPA’s at zero for the third consecutive year, a remarkable feat has been achieved in the urban co-operative banking sector.
Saraswat Bank’s strong financial position is highlighted by its CRAR (Capital to Risk-weighted Assets Ratio) of 17.41%, which is much higher than the RBI’s requirement of 13%. The bank’s own funds also increased to ₹5,484.91 crore, up from ₹5,118.87 crore last year.
Chairman Gautam Thakur shared his thoughts on the Bank’s performance, saying, “Thanks to strong financial results and efficient operations, Saraswat Bank remains the largest Urban Co-operative Bank (UCB) in India. We have always focused on solid processes, strong internal controls, good asset quality, and excellent customer service.”
He also added, “Our tagline, ‘Building Trust Across Generations’, reflects our core values — Trust, Integrity, and Service. Our Bank is built on a foundation of integrity and continues to enjoy the trust of customers who have stayed with us for generations.”
As one of the early leaders in co-operative banking, Saraswat Bank offers top-quality products and services and continues to lead the sector with its commitment to excellence.
The Bank has always aimed for fast growth while maintaining strong financial indicators. With Total Business reaching ₹91,814 crore, it is now aiming to cross the landmark of ₹1,00,000 crore.
Saraswat Bank has always been profitable and pays dividends regularly. It operates 311 branches across eight states — Maharashtra, Goa, Gujarat, Delhi, Haryana, Uttar Pradesh, Madhya Pradesh, and Karnataka — supported by a dedicated team of over 5,000 employees.
Keeping up with India’s digital growth, the Bank has adopted modern technologies to improve customer experience.
Saraswat Bank has received several recognitions: it has featured in Forbes’ World’s Best Banks Survey for four years in a row, been part of the Fortune India 500 list for five consecutive years, and won Indian Banks’ Association awards six years in a row. It has also been awarded in areas like cybersecurity, innovation, data management, and risk control.
As part of its social responsibility, the Bank donated ₹4.25 crore this year to the Maharashtra State Health Department. The funds will help upgrade Primary Health Centres (PHCs) in Sindhudurg and Kolhapur, which typically serve around 30,000 people in rural areas or 20,000 in tribal regions.
