Chhatrapati Sambhaji Maharaj Cooperative Credit Society Targets ₹2,000 Crore in Combined Business

KOREGAON, Correspondent

Chhatrapati Sambhaji Maharaj Cooperative Credit Society, one of the leading cooperative credit institutions in Western Maharashtra, is steadily moving towards achieving a combined business turnover of ₹2,000 crore, driven by growing customer confidence and the expansion of its banking services.

Despite drought-like conditions prevailing across the state, the society has recorded an impressive increase of ₹69.82 crore in deposits within seven months after March 2026. With digital banking and mobile banking facilities ensuring convenience and customer satisfaction, the institution continues to strengthen its financial position, said founder Rambhau Lembe.

He was speaking at a press conference organised at the society's headquarters in Pimpode Budruk on the eve of Diwali, where he extended festive greetings to members, customers and well-wishers.

58 Branches Across Eight Divisional Offices

Having expanded from rural areas into urban centres, the society currently operates through 58 branches under eight divisional offices. All branches are computerised and equipped with digital banking and mobile banking facilities, enabling customers to access prompt and efficient services from the comfort of their homes.

Lembe attributed the institution's consistent progress to the collective efforts of the board of directors, employees, members and customers. He also highlighted the importance of unity and collective decision-making within the management.

He said that constructive discussions and unanimous decisions by the board of directors had helped maintain harmony over the past 37 years, without any internal differences. The employees, he added, have consistently worked with dedication, providing courteous and prompt services to customers.

Local advisory committees attached to individual branches also hold periodic meetings to address operational challenges and resolve issues.

Focus on Liquidity Management and Reducing NPAs

Explaining the institution's financial management strategy, Lembe said the society has maintained a healthy liquidity position by considering profitability and liquidity requirements in accordance with government guidelines.

However, given the prevailing drought conditions, loan recovery may face certain challenges in the coming months. The institution will therefore focus on making adequate provisions from profits and controlling non-performing assets (NPAs).

He emphasised that an increase in NPAs could create financial difficulties in the future. Accordingly, the society plans to exercise greater financial discipline and reduce unnecessary expenditure while intensifying efforts to improve loan recovery and control NPAs.

Deposits Cross ₹987 Crore; Combined Business Reaches ₹1,682 Crore

Sharing the institution's financial performance as of October 2026, Lembe highlighted significant growth across key business parameters over the seven-month period following March 2026.

The financial performance is as follows:

Note: The March 2026 loan and working capital figures are derived from the increases and October 2026 figures provided in the original report.

The society recorded deposit growth of ₹69.82 crore during the seven-month period, taking total deposits to ₹987.83 crore by the end of October 2026.

Loan disbursements increased by ₹20.05 crore to ₹694.84 crore, while combined business rose by ₹90.33 crore to reach ₹1,682.67 crore.

Investments registered an increase of ₹85.34 crore, reaching ₹337.26 crore. Working capital increased by ₹75.01 crore to ₹1,093.87 crore, while the society's own funds grew by ₹3.52 crore to ₹81.65 crore.

Gold-Backed Lending Accounts for 56% of Total Loans

Gold-backed lending continues to be a significant component of the society's loan portfolio.

As of March 2026, gold-backed loans stood at ₹376.41 crore. Over the subsequent seven months, this segment increased by ₹11.38 crore to reach ₹387.79 crore by October 2026, accounting for approximately 56% of total lending.

The combined portfolio of gold-backed and deposit-backed loans stood at ₹435.56 crore, representing approximately 63% of the society's total loans.

Lembe said that through systematic planning, financial discipline, customer-oriented services and collective efforts, the society has continued to strengthen its financial position.

With deposits approaching the ₹1,000 crore milestone and combined business crossing ₹1,682 crore, Chhatrapati Sambhaji Maharaj Cooperative Credit Society is continuing its journey towards its ambitious ₹2,000 crore combined business target.

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