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The Visakhapatnam Cooperative Bank Limited has unveiled a strategical roadmap for the 2026 fiscal year, prioritising the consolidation of the cooperative assemblage done the projected merger of 3 determination cooperative banks and a important enlargement of its subdivision web crossed Andhra Pradesh and Telangana.
Speaking to The Hindu connected the sidelines of a property league connected the institution’s strategical outlook for 2026, J.V. Satyanarayana Murthy, Chairman, The Visakhapatnam Cooperative Bank Limited, said that the slope outlined a roadmap focused connected determination consolidation and work expansion.
Strengthening the Cooperative fabric
The slope has initiated a proactive strategy to safeguard the interests of depositors by proposing the merger of 3 cooperative municipality banks into its fold. Discussions are presently moving guardant regarding the integration of the Sri Swashakti Mercantile Cooperative Bank (Vijayawada), Guntur Mahila Cooperative Bank, and Saluru Cooperative Bank successful Parvathipuram Manyam district.
Robust Financial Performance
As of March 2026, the instauration has solidified its presumption arsenic 1 of the largest non-scheduled cooperative banks successful India. The slope reports a full fiscal turnover of ₹8,472.39 crore and nett profits of ₹66.15 crore. With a subordinate basal of 1,17,884, the slope maintains a stock superior of ₹416.25 crore, operating 60 branches crossed Andhra Pradesh and Telangana.
Ambitious Expansion Roadmap
Looking ahead, the slope intends to widen its services further done the constitution of 9 caller branches this fiscal year. The people enlargement includes the recently formed districts of Nandyal, Annamayya, and Satyasai, alongside plans for caller branches successful the State superior portion and the Telangana districts of Khammam and Warangal. Currently, 25% of the bank’s branches run from its ain premises, reflecting a dependable maturation successful infrastructure.
Commitment to Member Welfare
Beyond halfway fiscal services, the slope maintains a heavy committedness to its members, having disbursed implicit ₹44.51 crore successful fiscal assistance implicit the past decennary done assorted payment schemes. These initiatives see aesculapian disbursal reimbursements, enactment for families of deceased members, and acquisition merit scholarships for children. Furthermore, successful observance of the International Year of Cooperatives, the slope introduced the ‘Sahakara Vruddhi Loan’ scheme, providing recognition up to ₹2 lakh astatine a concessional involvement complaint of 8.5%.
V.V.B. Varalakshmi, Chief Executive Officer, joined the Chairman successful highlighting that the instauration continues to prioritise transparent, antiauthoritarian governance, ensuring that the bulk of surplus net are distributed backmost to members done dividends and payment programs.
