Prime Cooperative Bank Celebrates 32nd Year with New Banking Products and 0% Net NPA Performance

Surat (Gujarat): Prime Cooperative Bank Ltd. (PCBL), a cornerstone of South Gujarat’s financial sector, marked its Foundation Day on November 14, 2025, celebrating the start of its 32nd year of distinguished service. Since its inception, the bank has seamlessly combined the cooperative movement’s values with modern banking technology, building over three decades of trust, stability, and a strong commitment to its core philosophy: “Your Bank for You.”

Founded on November 14, 1994, under the leadership of the late Shri Gokul Bakshi, the vision was clear: to establish a member-focused financial institution that would foster inclusive growth across Gujarat. From the outset, PCBL distinguished itself with a consistent high audit grade rating, reflecting its strong governance and ethical business practices.

PCBL’s growth is closely tied to its progressive approach to digital transformation. While maintaining the personal touch of cooperative banking, it has been a pioneer in adopting paperless services, Net Banking, Mobile Banking, and UPI integration. This focus on modernisation has resulted in remarkable financial performance, positioning the bank among the state’s top cooperative institutions. In the 2024-25 financial year, PCBL achieved a historic milestone with a business mix exceeding ₹4,000 crore and a Net Non-Performing Asset (NPA) ratio of 0%, reflecting exceptional asset quality and effective risk management.

With a network of 41 branches and four offsite ATMs spread across 11 districts, the bank serves a loyal customer base of over 400,000. Over the years, PCBL has garnered national recognition, including the prestigious SCOBA Pride Award for financial stability, and has won more than 100 awards. Additionally, the bank received top honours at the National Cooperative Banking Summit for excellence in audit, LOS/LMS, and HR transformation.

PCBL has also successfully completed seven strategic mergers of weak and sick banks, absorbing their losses and relieving over 75,000 small and medium-sized depositors.

As the bank enters its 32nd year, it reaffirmed its commitment to inclusive banking and strategic growth. On Foundation Day, MD Adil Gandhi announced several new banking products, including loans against mutual funds, wealth management services, savings accounts for women and salaried individuals, and highlighted that Prime Cooperative Bank is the first cooperative bank in Gujarat, and the second in India, to launch its own UPI handler.

Chairman Shri Mahesh Desai welcomed the gathering, expressing his gratitude to customers and staff for their unwavering support throughout the bank’s 31 years of success. The celebration not only looked back at PCBL’s achievements but also signified a renewed commitment to future growth, economic empowerment, and continued trust as a financial partner for the people of Gujarat.

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This milestone year underscores PCBL’s role as a trusted financial institution, poised to continue its journey of growth and community service.