Maharaja Co-operative Urban Bank eyes small finance bank status as business volume hits over ₹612 crore
Maharaja Co-operative Urban Bank is planning to transition into a Small Finance Bank following strong financial growth in the 2025-26 fiscal year. The bank reported a total business volume of over ₹612 crore and plans to expand its branch network.
Why it matters
The shift from a cooperative to a small finance bank represents a significant scaling of financial services for local communities.
The Maharaja Co-operative Urban Bank Ltd. has set its sights on transitioning into a Small Finance Bank, marking a significant strategic evolution for the urban cooperative institution. Members approved the proposal at the bank’s 26th Annual General Meeting, held on Friday at Kshatriya Kalyana Mandapam in Seethammadhara.
Founding chairman M. Ramakrishnam Raju announced robust financial milestones for the 2025–26 fiscal year. As of March 31, 2026, the bank registered a total business volume of ₹612.55 crore, backed by ₹374.22 crore in deposits and ₹238.33 crore in loans.
The institution posted a gross income of ₹2.32 crore for the year. After paying ₹0.60 crore in income tax, the net income stood at ₹1.72 crore. Reinforcing its financial health, the bank reported a capital base of ₹17.66 crore alongside reserves and provisions totaling ₹17.35 crore, elevating its net worth to ₹32.28 crore. Furthermore, the board declared a 10% dividend for shareholders.
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