Garima Bikas Bank Under Madhav Prasad Upadhyay Marks 43% Net Profit Surge and Improved Asset Quality

Since taking the helm, CEO Madhav Prasad Upadhyay has prioritised risk management and digitalization over aggressive credit expansion to navigate macroeconomic stagnation. Under his leadership, the bank has aggressively accelerated its loan recovery processes and heavily invested in digital infrastructure. Upgrades to the 'Garima Smart' app introduced features like online fixed deposits, government revenue payments, and cardless withdrawals. The bank also rolled out 'Garima Smart Teller' across its branches, enabling biometric-free, QR-code-based cash withdrawals. This tech-driven strategy is balanced with customer-centric products, including specialized high-interest remittance savings and streamlined SME lending frameworks.