Surat based UCBs step up Growth in FY27; Healthy Competition on

Gujarat’s leading cooperative banks, including those in Surat, recorded mixed year-on-year growth in deposits and advances during the first half of FY2026-27, as of September 30, 2026. While several institutions reported double-digit growth in deposits and credit, others witnessed slower mobilisation or a decline in advances.

Gandhidham Mercantile Co-operative Bank led deposit growth among the 17 listed institutions, while Kalupur Commercial Co-operative Bank retained its position as the largest in terms of deposits and advances.

Gandhidham Mercantile Co-operative Bank recorded deposit growth of 24.26% to Rs 1,170.67 crore, followed by Banaskantha Mercantile Bank at 22.95%. Kalupur Commercial Co-operative Bank reported deposits of Rs 14,432.45 crore, up 10.98%, while advances increased 10.25% to Rs 9,513.38 crore.

Rajkot Nagrik Sahakari Bank also registered strong credit growth, with advances rising 16.90% to Rs 5,205.09 crore and deposits increasing 7.36% to Rs 7,251.56 crore. Ahmedabad Mercantile Co-operative Bank’s deposits grew 9.42% to Rs 2,980.06 crore.

However, growth remained uneven. Mehsana Urban Co-operative Bank’s deposits increased 2.53% to Rs 9,010 crore, while advances declined 8.21% to Rs 4,980 crore. Nutan Nagrik Bank recorded nearly flat deposit growth at Rs 2,867.03 crore, although its advances increased 10.46%.