Shree Warana Bank Deposits Reach Rs 1,033 Crore

The 61st Annual General Meeting of Shree Warana Sahakari Bank was held at Warnanagar, Kolhapur, where Chairman Nipundada Kore reviewed the bank's performance and plans.

The bank has achieved a significant milestone by crossing Rs 1,000 crore in deposits for the second consecutive year, with deposits reaching Rs 1,033.35 crore during 2025-26.

Total advances stood at Rs 665.78 crore, while the bank's total business reached Rs 1,699.14 crore. The bank has maintained a capital adequacy ratio of 14.63% and has been classified under Tier 3.

The bank's net non-performing assets are at 2.86%, which meets the eligibility criteria for business authorisation, and it is progressing towards meeting the requirements for schedule status.

Chairman Nipundada Kore stated that customers have benefited from several government subsidy schemes, including those for economically weaker sections, the prime minister's Surya Ghar scheme, and the Ladki Bahin loan scheme.

The bank has also submitted a proposal under the Chief Minister's Employment Generation Scheme and introduced loans for street vendors under PM SVANidhi.

Shree Warana Sahakari Bank operates 40 branches, including an extension counter, and has maintained an 'A' audit rating. All its branches are computerised and connected to core banking, offering services such as RuPay debit cards, ATMs, POS, e-commerce, mobile banking, IMPS, RTGS, NEFT, SMS alerts, missed-call alerts, and UPI.

The bank's data centre is located in Kolhapur, with a disaster recovery site in Ahilyanagar.

The bank's progress and achievements are a testament to its commitment to providing quality services to its customers and contributing to the economic development of the region.

The bank's classification under Tier 3 and its progress towards meeting the requirements for schedule status are significant milestones in its journey towards growth and expansion.

As the bank continues to expand its services and operations, it is likely to play an increasingly important role in the economic development of the region, providing access to financial services and credit to a wider range of customers.

In conclusion, Shree Warana Sahakari Bank's achievement of crossing Rs 1,000 crore in deposits and reaching a total business of Rs 1,699 crore is a significant milestone, and its commitment to providing quality services to its customers and contributing to the economic development of the region is commendable.