Visakhapatnam DCCB Reports 18.74% Business Growth, Net Profit Jumps 82.65% in FY2026
मुख्य बातें
- •Visakhapatnam DCCB’s total business grew by 18.74% to ₹2,849.78 crore in FY2026.
- •Net profit surged by 82.65% to ₹3.58 crore, driven by prudent credit management and operational efficiency.
- •Gross NPA declined by 10.43% to ₹49.81 crore, with the Gross NPA ratio improving from 3.94% to 2.92%.
- •The bank expanded its digital infrastructure with 32 branches, 19 ATMs, and five mobile ATM vans, serving unbanked villages in Visakhapatnam, Anakapalli, and ASR districts.
The District Co-operative Central Bank (DCCB) Ltd., Visakhapatnam, has delivered a strong financial performance for the fiscal year ending March 31, 2026, driven by a diversified lending strategy and improved asset quality. Speaking exclusively to The Hindu on June 2, 2026, K. Tata Rao, who took charge as the bank’s Person-in-Charge (Chairman) on June 2, 2025, highlighted robust growth in total business and net profit.
According to Tata Rao, the bank’s total business grew by 18.74%, reaching ₹2,849.78 crore. Net profit surged by 82.65%, rising to ₹3.58 crore. This performance reflects the institution’s focus on prudent credit management and operational efficiency. Looking ahead, Tata Rao expressed confidence in the bank’s growth trajectory, setting a new financial target of ₹3,500 crore in total business.
