DIMAPUR, OCT 21 (NPN): The Nagaland State Cooperative Bank Ltd. (NStCB) recorded a 5.79% increase in net profit to Rs. 1,319.50 lakh during the financial year 2025-26, while launching two new loan schemes to strengthen agricultural value chains and retail credit.
The bank announced the performance during its 57th Annual General Meeting (AGM) held at its registered head office in Dimapur, attended by cooperative society delegates, district Board of Directors (BoDs) and officials of NABARD.
Presenting the annual report, NStCB Managing Director Jonah Sema stated that the bank registered 2.82% growth in overall business, while its credit-to-deposit ratio improved from 68.68% to 73.46%. Gross non-performing assets (NPAs) declined to 12.24% and net NPAs to 0.25%. The bank maintained a Capital to Risk-Weighted Assets Ratio (CRAR) of 28.47%, against the Reserve Bank of India’s prescribed minimum of 9%.
The bank’s deposits stood at Rs. 1,147.46 crore, while advances grew by 6.94%. Membership increased by 5.03% to 4,532. The bank also projected a 10.50% rise in total owned funds during 2026-27.
Commissioner and Secretary for Cooperation, Nagaland, Orenthung Lotha, stressed coordination among the board, management and shareholders. He urged the bank to adopt modern banking technologies, regulate operational expenditure and improve administrative efficiency.
Lotha launched two loan schemes: the PACS Integrated Value Chain Development Scheme (PIVCDS), providing credit support to Primary Agricultural Credit Societies (PACS) for procurement, processing, storage, packaging and marketing of agricultural and allied products; and the Need Bridge Loan Scheme, offering eligible individuals accessible financing for personal and lifestyle expenses.
Registrar of Cooperative Societies, Nagaland, Bendangla Longkumer, advised the bank to strengthen loan quality, internal controls and NPA management, emphasising that success should be measured by the economic empowerment of primary cooperatives and rural families.
The AGM approved an 8% dividend payout to shareholders, following endorsement by the Board of Directors and approval from the Registrar of Cooperative Societies. The statutory auditor’s report awarded the bank an audit grade of “B+”, with 70.90 marks.
Longkumer also oversaw board elections, declaring Voto Neikha elected unopposed as representative of Sede Agri & Allied Cooperative Society Ltd. from Kohima district.
NABARD General Manager (OIC) P. Bulte urged 231 PACS covered under the nationwide computerisation project in Nagaland to coordinate with audit and system integration teams, noting that March 31, 2027, was the deadline for completing the required parameters. The AGM also recognised top-performing cooperative societies, SHGs, JLGs and bank branches. The meeting concluded with a vote of thanks by Sema.
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