Jogindra Central Cooperative Bank , Solan, has declared its financial results for the financial year 2024-25, in which the bank has improved all the key business indicators. The bank has shown significant progress in profitability , deposits, and loan disbursements , and its financial position remains strong.
Gross profit of the bank in the financial benefit year 2023-24 The net profit has increased to Rs 34.64 crore from Rs 33.58 crore in the year 2015-16 , reflecting improvement in the bank’s income and operational efficiency. Similarly , the net profit also increased to Rs 19.93 crore from Rs 19.71 crore.
Bank deposits increased from Rs. 1392.57 (2024) to Rs. 1427.78 crore (2025), which is a testimony to the growing customer confidence and the strong deposit strategy of the bank. Working capital was Rs. 1826 (2024) from Rs. crore in 1967 (2025) Crore , which shows the financial stability of the bank. Total business in 2003 was Rs. 2003 (2024) crore to Rs. 2139 (2024) crore , indicating the Bank’s growing market hold and increase in the number of customers.
The total assets of the bank have increased to Rs. 1967 crores as against Rs. 1826 crores in the year 2024 Total business has increased from Rs. 2003 crores to Rs. 2139 crores . Total deposits of the bank have increased from Rs . 1392 crores in 2024 to Rs . 1428 crores by 31-03-2025. There has also been a significant increase in loan disbursement , which will increase by 2024. increased from Rs. 611.00 crore 711.37 crores (2025). This reflects the increase in demand and the success of the bank’s credit expansion policy. Along with this , gross NPA will increase to Rs 21.62 (2024) crores to Rs. 19.66 (2025) crores and Gross NPA percentage also to 3.58% (2024) to 2.76% (2025) , which reflects the bank’s strong risk management and effective loan recovery policies .
The net NPA of the bank remains at 0% , which makes it clear that the asset quality of the bank remains at the highest level. Provision coverage ratio ( PCR) being 100% ensures that the bank is fully covering its risks. Also , the capital adequacy ratio ( CRAR) of the bank has increased from 15.57% to 15.96 % , which reflects the financial strength of the bank and its ability to maintain capital above regulatory standards.
Apart from these strong financial results , the Bank has also achieved several significant milestones in the current Financial Year 2024-25 :
, New Campus: The Bank has successfully constructed its new premises at Basal Chambaghat , Solan with an investment of Rs . 8.00 crore.
, Membership : The Bank has obtained membership of Credit Guarantee Fund Trust for Micro and Small Enterprises ( CGTMSE) , which will enable it to provide colletral free loans to entrepreneurs at par with other banks .
, Corporate Agency License: Jogindra Central Cooperative Bank has obtained Corporate Agency License to provide Insurance services to its esteemed customers.
, Internet banking: The bank has applied for Internet Banking License from Reserve Bank of India ( RBI) and the service is expected to be available to the customers within this year.
, Own IFSC Code: To facilitate 24×7 digital transactions the Bank has planned to get its own IFSC Code.
, Branch Detail: The Bank is going to open new branches at Domher , Vardhman Chowk Baddi , Kuftu and Kuthar as part of its network expansion plan , which will be operational by mid- April 2025 .
On this occasion , President of Jogindra Central Cooperative Bank , Solan Mukesh Sharma expressed satisfaction over the bank’s sustained growth and its commitment towards financial inclusion. He emphasized that the bank is committed to expanding its reach as well as providing better banking services and digital solutions to its customers.
The Bank appreciates the continued trust and support of its customers and stakeholders and reiterates its commitment to provide excellence in cooperative banking. The Bank also thanked the Hon’ble Chief Minister of Himachal Pradesh. for their protection and guidance , to our Board members , shareholders , employees , and especially to our valued customers . Apart from this, RCS, RCS, NABARD and Reserve Bank of India ( RBI) were also thanked for contributing to the continuous progress of the bank.
| Bank Parameters as on 31-03-2025 | ||
| FY | 2023-24(in crore) | 2024-25(in crores) |
| Gorss Profit | 33.58 | 34.64 |
| Net profit | 19.71 | 19.93 |
| Deposit | 1392.57 | 1427.78 |
| Working Capital | 1826 | 1967 |
| Total Business | 2003 | 2139 |
| Loans | 611.00 | 711.37 |
| NPA Gross | 21.62 | 19.66 |
| Gross NPA % | 3.58 | 2.76% |
| Net NPA | 0 | 0.00 |
| Net NPA % | 0.00 | 0..00 |
| PCR | 100% | 100% |
| CRAR | 15.57% | 15.96% |
Profit and Provision Detail 2024-25
| Financial Year | 2023-24 | 2024-25 | |
| Gross Profit before Tax | 33,58,75,149.29 | 34,64,27,529.94 | |
| Income Tax Provision | 7,56,00,000.00 | 7,30,00,000.00 | |
| Profit after Tax | 26,02,75,149.29 | 27,34,27,529.94 | |
| Prov. for leave encasement | 85,68,875.00 | 1,42,88,882.00 | |
| Provision for NPA | 2,00,00,000.00 | 3,00,00,000.00 | |
| Provision for Staff Dues | 85,00,000.00 | 0.00 | |
| Prov. for Ex-Bonus Gratia | 1,95,00,000.00 | 2,00,00,000 | |
| Provision for Invt. Depreciation Fund | 1,72,233.00 | 0.00 | |
| Provision For Frauds | 29,000.00 | 43,00,000 | |
| Provision For CBS Expenses | 44,00,000.00 | 40,00,000 | |
| Provision For Audit Fees | 16,40,605.00 | 15,33,304.00 | |
| Provision For RBI Penalty | 3,50,000.00 | 0.00 | |
| Total Provision | 6,31,60,713.00 | 7,41,22,186.00 | |
| Net Profit | 19,71,14,436.29 | 19,93,05,343.94 |
