SSBL posts Rs 9.17 cr net profit

 

 

 

Shikshak Sahakari Bank Ltd (SSBL), known as the bank of common man throughout Maharashtra, has achieved a net profit of Rs 9.17 crore in the financial year 2024-25. By bringing its net NPA down to zero percent, the bank has significantly improved its financial health. Chairman of SSBL Anil Sole informed the share holders of the bank in its recently held annual general body meeting. The bank has also taken a great leap forward in its total business mix and, for the second time, has earned a new record by securing an ‘A’ grade audit rating. In the current financial year, Shikshak Sahakari Bank has crossed a business mix of over Rs 1900 crore.

 

The bank’s total deposits are Rs 1190 crore, and loan disbursements at Rs 731 crore. Sole emphasized that this progress is highly commendable, and he credits all shareholders, customers, and well-wishers for the bank’s success. Vice Chairman of the bank Pravin Datke, directors, Anil Muley, Bholanath Sahare, Yogesh Ban, Ranjeev Shriramwar, Tularam Meshram, Sunil Patil, Kalpana Pande, Manisha Wakode, Vinayak Rajkarne, Vivek Jugade, Ravindra Yenurkar, Ashish Wandile, Satish Yadav, Vandana Kothade and CEO Alpeshkumar Joshi were also present.