Saraswat Cooperative Bank has crossed the Rs 1 lakh crore total business mark, marking a significant achievement despite a challenging deposit environment.
The milestone reinforces its position as India’s largest urban cooperative bank and highlights the growing strength of the cooperative banking sector.
Established over 108 years ago, the bank’s journey reflects a legacy of trust, resilience, and steady growth, supported by consistent leadership across the organisation. Gautam Thakur, Chairman, Saraswat Bank, stated that the bank has surpassed the Rs 1 lakh crore mark, with audited figures expected by April 20, 2026, attributing the achievement to the collective efforts of employees, management, and the Board.
He described the milestone as a proud moment for the institution, expressing gratitude to customers for their continued trust and to shareholders for their support, while also acknowledging the role of past leadership in building a strong foundation.
Looking ahead, the bank aims to sustain its growth trajectory, with confidence that the next Rs 1 lakh crore milestone could be achieved within the next 7 to 8 years. It also plans to expand its presence beyond traditional markets, having recently opened eight new branches in North India and planning to add 13 more in the coming months.
The achievement is notable given the challenges of FY 2025–26, during which the bank managed the merger of the scam-affected New India Cooperative Bank while maintaining growth momentum.
Overall, the milestone highlights the scalability and governance strength of Saraswat Cooperative Bank, reinforcing the potential of well-managed urban cooperative banks to compete effectively within India’s banking ecosystem.
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