Lok Sabha Question No. 3846 (UNSTARRED), answered on 2026-03-16
Subject: Raiganj Central Cooperative Bank
Ministry: FINANCE
Asked by: Shri Kartick Chandra Paul

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 3846

ANSWERED ON MONDAY, 16 MARCH, 2026/ 25 PHALGUNA, 1947 (SAKA)

## Raiganj Central Cooperative Bank

## 3846. SHRI KARTICK CHANDRA PAUL:

Will the Minister of FINANCE be pleased to state:

(a) the current status of the financial health of Raiganj Central Cooperative Bank, including the details of profit or loss during the last five years and the current year;

- (b) whether the Government is aware of any irregularities or malpractices in the functioning of Raiganj Central Cooperative Bank and if so, the details of such irregularities;
- (c) the actions taken by the Government or regulatory authorities to address the irregularities and ensure transparency and accountability in the operations of Raiganj Central Cooperative Bank;
- (d)  the  measures  being  implemented  by  the  Government  to  improve  the  performance  of cooperative banks, including Raiganj Central Cooperative Bank and to safeguard the interests of depositors; and

(e) the current status of Non-Performing Assets (NPAs) of Raiganj Central Cooperative Bank and the steps being taken by the Government to reduce NPAs and recover bad loans?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a): As informed by National Bank for Agriculture and Rural Development (NABARD), the financial position of Raiganj Central Cooperative Bank, including details of profit and loss during the last five years is given at Annexure.

(b) to (c): As reported by NABARD, as on 31.03.2025, there is total ₹ 584.98 lakh outstanding amount that is involved in the cases of frauds in Raiganj Central Cooperative Bank. NABARD has accordingly issued Letter of Supervisory Concerns (LOSC) to the Cooperation Department, Government of West Bengal, and to the West Bengal State Cooperative Bank highlighting significant  deficiencies  and  irregularities  observed  in  the  functioning  of  Raiganj  Central Cooperative Bank.

(d):  The  Government  of  India  and  RBI  have  taken  various  measures  to  improve  the performance of cooperative banks and safeguard the interest of depositors which inter-alia include:

- Urban Cooperative Banks (UCBs) have been allowed to open new branches
- Housing loan limits have been increased from 10% to 25% of their total loans and advances for UCBs
-  The  Banking  Regulation  Act  has  been  amended  to  increase  the  terms  of  directors  of Cooperative Banks from 8 to 10 years
-  Licensing  fee  for  onboarding  of  cooperative  banks  to  Aadhar  enabled  Payment  System (AePS) has been reduced

· The National Urban Co-operative Finance and Development Corporation Limited (NUCFDC), which is a non-deposit taking Non-Banking Financial Company (NBFC), has been set up as an Umbrella Organization for Urban Cooperative Banks to provide Information Technology (IT) infrastructure and operational support

· A Shared Services Entity (SSE), Sahakar Sarthi, has been established to provide technological services to Rural Cooperative Banks

· Rural Cooperative Banks have been included by RBI in the Integrated Ombudsman Scheme

·  Deposit  Insurance  and  Credit  Guarantee  Corporation  (DICGC)  insures  various  types  of deposits  up  to  ₹  5,00,000  per  depositor  per  bank  (including  principal  and  interest)  for  all cooperative banks

(e): As reported by NABARD, the Gross and Net Non-performing Assets (NPAs) of Raiganj Central  Cooperative  Bank  (RCCB)  for  FY  2024-25  are  19.99%  and  6.59  %  respectively. NABARD has further informed that RCCB has taken various steps to reduce NPAs and recover bad loans, which inter-alia include strengthening internal controls, reconciling discrepancies, moving towards system-generated NPA recognition to ensure compliance with RBI/NABARD prudential  norms,  strengthening  legal  recovery  measures  and  enhancing  credit  appraisal  & monitoring systems in high NPA sectors to improve credit quality. RCCB has also initiated Special Recovery Drives and collaboration with Primary Agricultural Credit Societies (PACS) to address the issue of NPAs in agricultural loans.

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## Annexure referred to in part (a) of Lok Sabha Sabha Un-Starred Question No. 3846 on 'Raiganj Central Cooperative Bank' due for answer on 16.03.2026

Financial details of Raiganj Central Cooperative Bank for the last five years ( Figures in ₹ lakh )

| Particulars             |   FY 2024-25 |   FY 2023-24 |   FY 2022-23 |   FY 2021-22 |   FY 2020-21 |
|-------------------------|--------------|--------------|--------------|--------------|--------------|
| Total Share capital     |      2155.75 |      2148.69 |      2141.32 |      2127.35 |      2130.95 |
| Net Worth               |      9728.98 |      9284.78 |      8609.46 |      7798.59 |      7305    |
| Total Assets            |    154141    |    146543    |    141033    |    136481    |    129718    |
| Total Deposits          |    115443    |    108747    |    104553    |    100811    |     95773    |
| Borrowings              |      3891.03 |      4844.51 |      4054.58 |      6153.98 |      7320.43 |
| Loans & Advances        |     77447.1  |     75160.4  |     74930.1  |     73070.4  |     70715.2  |
| Total Investments       |     30519.1  |     30506.5  |     30993.9  |     30494.9  |     29021.1  |
| Total Profit before Tax |       789.69 |       731.92 |       656.13 |       857.09 |       786.97 |
| Total Profit after Tax  |       519.69 |       441.92 |       406.13 |       556.6  |       431.97 |
| Accumulated Profit      |      3042.07 |      2788.89 |      2590.18 |      2157.25 |      1965    |
| CRAR%                   |        13.12 |        12.74 |        12.07 |        11.76 |        11.16 |