- In a significant development, the Reserve Bank of India has lifted the Supervisory Action Framework (SAF) that was previously placed on Pune Urban Cooperative Bank.
- Once facing serious challenges, including a staggering Net NPA of 40.61% as of March 31, 2021, the bank has impressively brought that figure down to 0.00% by March 31, 2025.
- Its Capital to Risk-weighted Assets Ratio (CRAR) is an impressive 56.96%, far exceeding the regulatory minimum of 12%.
- On top of that, the bank has consistently reported net profits over the last three financial years.
- With relentless dedication and a commitment to continuous learning (holding degrees like B.Com, M.Com, JAIIB, GDC&A), Bankar worked his way up through various roles, including clerk, branch manager, and deputy manager, before becoming CEO in 2018.
In a significant development, the Reserve Bank of India has lifted the Supervisory Action Framework (SAF) that was previously placed on Pune Urban Cooperative Bank.
Once facing serious challenges, including a staggering Net NPA of 40.61% as of March 31, 2021, the bank has impressively brought that figure down to 0.00% by March 31, 2025.
Its Capital to Risk-weighted Assets Ratio (CRAR) is an impressive 56.96%, far exceeding the regulatory minimum of 12%. On top of that, the bank has consistently reported net profits over the last three financial years.
With relentless dedication and a commitment to continuous learning (holding degrees like B.Com, M.Com, JAIIB, GDC&A), Bankar worked his way up through various roles, including clerk, branch manager, and deputy manager, before becoming CEO in 2018.
Today, Pune Urban Cooperative Bank meets all the necessary criteria to be recognized as FSMW compliant, boasting robust internal controls, full adherence to CRR/SLR requirements, no penalties from the RBI, and a fully operational Core Banking Solution (CBS).