Believe it or not: This bank has no NPA for over 10 consecutive years!

Maintaining net zero NPAs sets it apart as an enduring beacon of excellence in the world of banking

The Pratap Co-Operative Bank Ltd (PCBL), an exemplary institution with an unparalleled track record of sustaining net zero Non-Performing Assets (NPAs) for a remarkable span of over 10 consecutive years, has achieved the pinnacle of recognition by clinching this year's prestigious Best Bank Award, a coveted accolade bestowed by the esteemed BrihanMumbai Cooperative Banks' Association. This momentous announcement was made on a resplendent Saturday, marking a historic milestone in the annals of the financial world.

Amidst an august gathering of luminaries and dignitaries, the illustrious Founder-Director of PCBL, the venerable Mithailal Singh, stood at the helm to accept this coveted award on behalf of the venerable institution, which has gracefully withstood the test of time for four decades. Joining him in this momentous celebration were the eminent Chairman, C.K. Singh, and other esteemed personalities.

In an eloquent address, Mr. Mithailal Singh attributed this remarkable achievement to the bank's unwavering commitment to uplift the underprivileged strata of society. By extending modest loans against collateral, PCBL has enabled countless individuals to realize their aspirations and fulfill their needs. Mr. Singh proudly proclaimed that even amidst the formidable challenges posed by the COVID-19 pandemic, PCBL remained resolute in maintaining a Net Zero NPA status on its balance sheets for over a decade.

PCBL's core philosophy is deeply rooted in its dedication to serve the most marginalized and downtrodden sections of society through the provision of "small loans." Remarkably, this noble pursuit has not impeded the bank's remarkable performance over its four-decade journey.

As Mr. Singh fervently articulated, PCBL's financial prowess is evident across all metrics. Its Cash Reserve Ratio (CRR) consistently surpasses prescribed levels, and the bank has diligently introduced digital products in strict compliance with the guidelines set forth by the Reserve Bank of India (RBI). With a gross NPA of less than one percent and an astounding record of zero net NPA for an extended period, PCBL stands as an exemplar of financial prudence and resilience.

It is worth noting that PCBL has earned a litany of state-level accolades in the cooperative sector, underscoring its unwavering commitment to maintaining an impeccable performance record, free from the scourge of NPAs or other financial woes. In an era where financial institutions face unprecedented challenges, PCBL's unwavering dedication to its mission and its resounding success in achieving and maintaining net zero NPAs sets it apart as an enduring beacon of excellence in the world of banking.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.