Pune: Baramati Cooperative Bank has set a remarkable milestone by achieving zero percent Non-Performing Assets (NPA) while simultaneously registering a business turnover of ₹3,577 crore and a profit of ₹11.63 crore. The bank, which has met all statutory provisions, continues to grow steadily, according to Chairman Sachin Satav.
From High NPAs to Zero: A Three-Year Journey
Three years ago, when the current board of directors assumed responsibility, one of their biggest challenges was controlling the rising NPAs. The management implemented a systematic and phased approach to loan recovery, ultimately bringing NPAs down to zero percent.
Chairman Sachin Satav acknowledged the support and guidance of Deputy Chief Minister Ajit Pawar and Rajya Sabha MP Sunetra Pawar in achieving this goal.
Financial Performance and Key Figures
Total Capital Base: ₹53.44 crore
Total Deposits: ₹2,191 crore
Total Loans Disbursed: ₹1,385 crore
Capital Adequacy Ratio: 15.51%
These financial figures reflect the bank’s strong financial health and disciplined approach to credit management.
Team Effort Behind the Success
The bank’s leadership attributed its success to the collective efforts of the board of directors, management team, and employees. Key contributors include Vice Chairman Vijay Galinde, expert director CA Pritam Pahade, Advocate Shirish Kulkarni, Rohit Ghanwat, Kishore Mehta, Devendra Shirke, Uddhav Gawde, Namdevrao Tupe, Jayant Kikale, Ranjit Dhumal, Mandar Sikchi, Dr. Saurabh Mutha, Nupur Shah, Dr. Vandana Potekar, Kalpana Shinde, as well as management board members Dr. Amol Goje, Advocate Ramesh Ganbote, Shantaram Bhalerao, Executive Director Ravindra Banker, and Chief General Manager Vinod Rawal.
Future Vision: Aiming for Top 10 Urban Cooperative Banks
Looking ahead, Baramati Cooperative Bank has set an ambitious goal of securing a position among India’s top 10 urban cooperative banks. The bank also plans to:
Expand its operational area and branch network
Enhance customer services through advanced digital banking solutions
Adopt modern banking technology to improve financial services
Chairman Sachin Satav emphasized that the bank's focus will remain on delivering modern and efficient banking solutions to its customers while maintaining financial discipline and sustainable growth.