In the latest board meeting for the fiscal year 2024-25, Janardhan Ranadive has been reappointed as the Chairman of Pune People’s Co-Op Bank, while Ramesh Sonawane was unanimously elected as the Vice-Chairman.
Ranadive, a seasoned chartered accountant, brings extensive experience in cooperative banking, having previously served in roles such as administrator, director, and chairman at various institutions. Sonawane, a medical professional, has been actively involved in the cooperative sector for over 17 years, further contributing to the bank’s strategic growth.
Pune People’s Co-Op Bank is recognized as one of Maharashtra’s leading multi-state cooperative banks. The bank reported a total business volume of ₹2,462 crore for the fiscal year ending March 31, 2024, which includes ₹1,502.55 crore in deposits and ₹960.05 crore in loans. Notably, the bank maintains a 0% net Non-Performing Asset (NPA) ratio, a healthy Credit-to-Deposit (CD) ratio of 63.89%, and reported a net profit of ₹16.20 crore.
With a solid presence, the bank operates 21 branches and a central office, having provided banking services for over 73 years. It offers a range of modern banking solutions such as UPI, IMPS, mobile banking app, Rupay ATM, QR Code payments, and NACH services. Additionally, the Reserve Bank of India (RBI) has recently approved the opening of new branches in Baramati and Waluj (Chhatrapati Sambhajinagar), with operations set to commence shortly.
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