The Visakhapatnam Cooperative Bank Limited has unveiled a strategic roadmap for the 2026 fiscal year, prioritising the consolidation of the cooperative sector through the proposed merger of three regional cooperative banks and a significant expansion of its branch network across Andhra Pradesh and Telangana.

Speaking to The Hindu on the sidelines of a press conference on the institution’s strategic outlook for 2026, J.V. Satyanarayana Murthy, Chairman, The Visakhapatnam Cooperative Bank Limited, said that the bank outlined a roadmap focused on regional consolidation and service expansion.

Strengthening the Cooperative fabric

The bank has initiated a proactive strategy to safeguard the interests of depositors by proposing the merger of three cooperative urban banks into its fold. Discussions are currently moving forward regarding the integration of the Sri Swashakti Mercantile Cooperative Bank (Vijayawada), Guntur Mahila Cooperative Bank, and Saluru Cooperative Bank in Parvathipuram Manyam district.

Robust Financial Performance

As of March 2026, the institution has solidified its position as one of the largest non-scheduled cooperative banks in India. The bank reports a total financial turnover of ₹8,472.39 crore and net profits of ₹66.15 crore. With a member base of 1,17,884, the bank maintains a share capital of ₹416.25 crore, operating 60 branches across Andhra Pradesh and Telangana.

Ambitious Expansion Roadmap

Looking ahead, the bank intends to extend its services further through the establishment of nine new branches this fiscal year. The target expansion includes the newly formed districts of Nandyal, Annamayya, and Satyasai, alongside plans for new branches in the State capital region and the Telangana districts of Khammam and Warangal. Currently, 25% of the bank’s branches operate from its own premises, reflecting a steady growth in infrastructure.

Commitment to Member Welfare

Beyond core financial services, the bank maintains a deep commitment to its members, having disbursed over ₹44.51 crore in financial aid over the past decade through various welfare schemes. These initiatives include medical expense reimbursements, support for families of deceased members, and educational merit scholarships for children. Furthermore, in observance of the International Year of Cooperatives, the bank introduced the ‘Sahakara Vruddhi Loan’ scheme, providing credit up to ₹2 lakh at a concessional interest rate of 8.5%.

V.V.B. Varalakshmi, Chief Executive Officer, joined the Chairman in highlighting that the institution continues to prioritise transparent, democratic governance, ensuring that the majority of surplus earnings are distributed back to members through dividends and welfare programs.