Goa Co-op Bank profit nearly triples in 2024-25: RBI report

Panaji: Goa State Cooperative Bank reported a nearly three-fold jump in profits during 2024-25, even as the state’s Primary Agricultural Credit Societies (PACS) continued to grapple with financial stress, according to data from the Reserve Bank of India’s report .

The apex cooperative bank posted a profit of Rs 14.4 crore as of March 31, 2025, nearly tripling from Rs 4.8 crore in the previous year, a 199% increase.


However, the recovery-to-demand ratio for the Goa State Cooperative Bank deteriorated from 91.7% in June 2023 to 88.6% in June 2024, indicating that the bank found it harder to collect dues from borrowers. This meant that for every Rs 100 of loan instalments due, the bank recovered only Rs 88.6, down from Rs 91.7 the previous year.

The RBI’s report indicated that the state’s cooperative sector faced challenges on other fronts, particularly in loan recovery and asset quality. Gross non-performing assets as a percentage of loans outstanding also worsened, climbing from 4.2% as of March 31, 2024, to 5.2% as of March 31, 2025.

While this kept Goa marginally above the all-India average of 4.8%, the upward trend warranted attention .

At the grassroots level, Goa’s 109 PACS showed a split personality. As of March 2024, 52 societies were operating profitably with combined earnings of Rs 4.2 crore, while 13 societies recorded losses totalling Rs 1.4 crore. These societies mobilised deposits of Rs 122 crore and deployed working capital of Rs 198.5 crore.

RBI’s report suggested concern about the structural health of at least a quarter of the PACS in Goa. Of the 109 societies, 79 were classified as viable, four were marked as potentially viable, while nine were dormant and 17 fell into defunct or other non-functional categories.