Varachha Co-op. Bank Limited, located in Surat, has officially received the prestigious status of 'Scheduled Bank', marking another historic achievement in the cooperative banking sector.
Previously operating as a 'Multi State Cooperative Bank', it has now gained recognition as a 'Multi State Scheduled Cooperative Bank', enhancing its credibility and reliability. Established in 1995, Varachha Co-op. Bank Limited has made a distinct identity in the cooperative banking sector not only in Gujarat but also at the national level, thanks to its transparent administration, strong financial discipline, customer-centric services, and state-of-the-art technology-based banking facilities.
Currently, there are 211 urban cooperative banks operating in Gujarat, of which only 7 banks have received the status of 'Scheduled Bank'. Varachha Co-op. Bank has become the first cooperative bank after the year 2000 to achieve the honor of 'Multi State Scheduled Cooperative Bank'.
The bank's strong financial position reflects its progress, with total fixed deposits amounting to ₹4,411.11 crores, total loans of ₹2,571.31 crores, capital of ₹447.23 crores, and total business of ₹6,982.42 crores as of the financial year ending March 31, 2026. Currently, the bank provides secure, reliable, and digital banking services to over 500,000 customers through a robust network of 30 branches. Due to customer trust, fast and transparent services, and technology-based facilities, the bank is continuously reaching new heights of growth.
With the status of 'Scheduled Bank', customers and members will also benefit from modern banking facilities such as ASBA accounts, RERA accounts, and demat accounts. According to the bank management, this achievement is a result of the bank's strong financial position, excellent management, regulatory compliance, and the trust of millions of customers. The visionary leadership role of former office bearers, directors, and the board of management has also been considered significant in this success.
Under the guidance of the current board of directors, the bank is continuously achieving new milestones. The dedication, service spirit, and efficiency of the employees have also contributed significantly to this success. On this occasion, the bank's new chairman, Narendra Bhai Kukadia, expressed gratitude to the bank family, customers, well-wishers, and employees, stating that the status of 'Multi State Scheduled Cooperative Bank' is a symbol of pride as well as a great responsibility for the entire bank family.
Meanwhile, the new vice chairman, CA Haresh Bhai Kapadia, mentioned that Varachha Co-op. Bank, built on a strong foundation of cooperation, trust, and service, will continue to achieve new heights through modern banking services, advanced technology, and customer-centric plans, further strengthening its identity in the cooperative banking sector across the country.
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