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The Visakhapatnam Cooperative Bank Ltd. (VCB) has declared a dividend of 10% for the 2025-26 fiscal year, slope Chairman J.V. Satyanarayana Murthy announced during the bank’s General Body Meeting held astatine the VMRDA Children’s Arena successful Siripuram here.
Addressing the members, Mr. Murthy said that the full dividend wage retired for the twelvemonth stands astatine ₹39.24 crore, with the remaining profits to beryllium allocated to assorted accounts successful compliance with statutory requirements.
Reflecting connected the bank’s show during the 2025-26 fiscal year, the Chairman reported important maturation crossed cardinal fiscal metrics. The slope achieved a 5.52% summation successful deposits, which roseate by ₹240.24 crore to scope ₹4,594.97 crore. Loan disbursements saw a stronger uptick of 12.83%, reaching ₹3,877.42 crore—an summation of ₹440.95 crore. Consequently, the bank’s full concern grew by 8.74%, touching ₹8,472.39 crore.
The slope recorded a nett net of ₹66.15 crore for the twelvemonth ending March 31, and presently serves a rank basal of 117,884 crossed its web of 60 branches. The bank’s stock superior has present reached ₹416.25 crore.
Looking ahead, Mr. Murthy announced an assertive enlargement strategy successful enactment with the latest Reserve Bank of India (RBI) regulations. The slope plans to unfastened 8 caller branches this year, aiming to grow its footprint to a full of 68 branches. These caller outlets are planned for Nandyal, Annamayya, Sathya Sai, Markapuram, and Visakhapatnam, on with expansions into Warangal and Khammam successful Telangana, and the authorities superior region.
Furthermore, the slope is actively examining proposals for the merger of the Swasakthi Mercantile Bank (Vijayawada), Mahila Cooperative Bank (Guntur), and Saluru Cooperative Bank. Infrastructure improvement is besides a priority, with operation presently underway for a caller subdivision successful Gajuwaka and a zonal office-cum-branch gathering connected the bank’s ain premises successful Patamata, Vijayawada.
During the meeting, Vice-President Chalasani Raghavendra Rao addressed queries and suggestions from the consultative committee members. The assembly besides formally approved resolutions, projected by directors including V. Chandrasekhar and C. Krishna Mohan, condemning the 97th Constitutional Amendment.
The lawsuit saw the information of erstwhile slope president Manam Anjaneyulu, CEO V.V.B. Varalakshmi, assorted committee directors, elder officials, and subdivision representatives.
