KCCB’s Financially Sound, Depositors’ Money Safe: Managing Director Zafar Iqbal
Kangra Central Cooperative Bank (KCCB) Managing Director Zafar Iqbal on Monday assured depositors and stakeholders of the bank’s financial stability and credibility. Addressing a press conference at the bank’s head office in Dharamshala, he clarified that KCCB remains fundamentally strong and continues to operate on sound banking principles.
Arvind Sharma
Oct 6, 2025 09:30
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Dharamshala, October 6, 2025: Kangra Central Cooperative Bank (KCCB) Managing Director Zafar Iqbal on Monday assured depositors and stakeholders of the bank’s financial stability and credibility. Addressing a press conference at the bank’s head office in Dharamshala, he clarified that KCCB remains fundamentally strong and continues to operate on sound banking principles.
Iqbal informed that following the suspension of the board on the directions of the Chief Minister, rigorous reforms are being implemented to make KCCB one of the best cooperative banks in the country.
Presenting a comparative performance report, he highlighted that the bank’s net NPA has dropped sharply from 15 percent (March 2022) to 4.38 percent, meeting NABARD’s guideline of maintaining it below 5 percent. The gross NPA has also come down from around 30 percent to 19 percent, and the bank aims to bring it below 10 percent by March 2026.
He further stated that the bank has made provisions of ₹651 crore against total NPAs of ₹809 crore, reflecting its strong financial capacity to absorb potential future losses. Deposits have also seen robust growth—from ₹12,647 crore in March 2022 to ₹15,433 crore as of September 30, 2025—demonstrating the public’s continued confidence in KCCB. Retail investors account for a significant share of the ₹9,841 crore in total deposits.
“The Kangra Central Cooperative Bank has a legacy of more than a century of trust and service. I want to assure all depositors that their money is completely safe. The bank’s credibility will be maintained and strengthened further,” Iqbal said.
He also announced that promotion and recruitment processes pending since 2017 will be initiated professionally in the coming two quarters to address the staff shortage. The bank will also intensify NPA recovery efforts by resolving pending litigation cases and streamlining procedures.
Expressing confidence in the ongoing reforms and government support, Iqbal said that KCCB will soon emerge as a benchmark institution in financial stability and reliability among cooperative banks.
General Managers Amit Gupta and Rakesh Sharma were also present during the press conference.
