PIONEER EDGE NEWS SERVICE/ Nainital
Nainital Bank has strengthened its financial position with total business growing to Rs 14,118.02 crore in financial year 2025-26, managing director & CEO Sushil Kumar Lal said. He said that the 104th Annual General Meeting of Nainital Bank was held online on Tuesday at the head office, Nainital.
During the meeting, information regarding financial results and key business achievements of the bank for the financial year 2025-26 was shared. The bank has further strengthened its financial position by performing excellently in the current financial year. During this period, total business increased by 6.75 per cent to Rs 14,118.02 crore, while total deposits reached Rs 8,623.67 crore and gross advances reached Rs 5,494.35 crore.
Lal stated that the bank’s operating profit increased by an impressive 30.66 per cent to Rs 116.33 crore. Net profit increased by 24.96 per cent to Rs 63.24 crore, and net worth increased by 26.86 per cent to Rs 1,062.24 crore. The bank’s asset quality has improved significantly. Gross NPAs have declined to 4.95 per cent, and net NPAs have fallen to low of 0.27 per cent. Bank’s provision coverage ratio has increased to 94.01 per cent, reflecting its strong risk management and provisioning policy, he said.
He stated that financial year 2025-26 has been year of significant achievements for bank. To promote digital banking, the bank has launched a state-of-the-art mobile banking application, Naini Neo, through which customers can avail services such as fund transfers, bill payments, and e-certificates. Additionally, services such as QR code-based digital payments, sound box, and merchant management app have been launched for merchants. Lal stated that bank’s focus going forward will be on quality business growth, retail and MSME sectors, strengthening its CASA base, and expanding digital services.
He also expressed gratitude to customers, shareholders, employees and all stakeholders of bank for their continued support and trust.
