NT Reporter
Sankhali
The board of directors of the Bicholim Urban Co-operative Bank has been elected unopposed. The election process was completed by the co-operative registrar’s office, with assistant registrar Hemant Khedkar serving as the
returning officer.
Vitthal Prabhudesai has been elected as chairman, while Kaustubh Sanzgiri has been elected as
vice-chairman.
The other directors are Suresh Parrikar, Shital Kadkade, Harshvardhan Garde, Nishikant Nagarshetka, Atmaram Natekar, Vindesh Shirodkar, Milind Sardesai, Rajesh Amonkar, and Deepika Pednekar.
The bank’s performance for the year 2025 includes a total business turnover of Rs 943 crore, deposits amounting to Rs 635 crore, loan disbursement of
Rs 308 crore, gross profit of Rs 5.06 crore, and net profit of
Rs 3.77 crore.
The gross non-performing assets stood at 5.22 per cent, while the net NPA remained at zero for the second consecutive year.
The capital adequacy ratio was recorded at 17.77 per cent, which is 5.77 per cent higher than the minimum requirement prescribed by the Reserve Bank of India, informed Suresh Parrikar and Vitthal
Prabhudesai.
Chairman Vitthal Prabhudesai said that the bank’s success is attributable to the vision and leadership of its founders, including Harish ‘Anna’ Zantye, Umesh Zantye and architect Gurudatt Sanzgiri, who played a significant role in shaping the bank’s growth.
He said that the central government has recently amended the Banking Regulation Act, limiting the tenure of directors to a maximum of 10 years.
“Some existing directors were not eligible to contest the election. However, they have extended their support and best wishes to the newly elected board,” he said.
