Tripura Gramin Bank was on the fast track of growth with achievements being recorded at several front. Chairman of TBG, Mahendra Mohan Goswami said bank had achieved a record benchmark of net profit growth of 26.70 per cent in 2020-21. The Grameen Bank also for the first time since inception, recorded a 5-digit total business figure – Rs 10273.71 crore this year compared to Rs 9936.14 crore in last year. In all, the bank had registered over 5 per cent growth in deposit as on March 31 last.
“In fact, the deposit is continuing to increase in successive months after March, 2021’ said Goswami.
The CD ratio at present stoodat 35.72 per cent and the bank had taken steps to increase the CDR to 50 per cent by end of this Financial year.
Corona pandemic , nevertheless, had its impact in the banking as total business of the TGB grew by 3.40 percent, although, deposit increased by 5.28 percent Y-on-Y basis from Rs 7190.50 crore as on March 31, 2020 to Rs 7569.57 crore as on March 31, 2021. The net profit went up by 26.70 pe rcent from Rs 157.87 crore in last FY to Rs 200.03 crore.
“The Bank disbursed Rs 1407.30 crore under different lending schemes during the financial year 2020-21 and CD Ratio was 35.72 percent as on March 31 last”.
Goswami said, gross NPA came down to 8.25 percent in 2021 compared to 8.94 percent in the previous year. The Bank management has managed to keep NPA at zero percent for second successive year.
Besides, Return on Asset was 2.21 percent which was the highest in the industry.
Highlighting productivity of its branches and staff, Goswami said, Per branch business has gone up to Rs 69.42 crore as on March 31, 2021 compared to Rs 67.14 crore as on March 31, 2020 whereas per employee business stood at Rs 12.28 crore as on March 31, 2021.
In terms of per employee business, TGB occupies a higher position than most of the other banks, he said.
Like net profit, the operating profit of the bank also recorded 20.54 per YOY growth to Rs 260.25 crore.
Focusing on TGB’s role in social security, Goswami said, “TGB has provided the highest share in social security schemes like PM Jan Dhan Accounts, PM Suraksha Bima Yojana, PM Jeevan Jyoti Bima Yojana and Atal Pension Yojana”.
“Tripura Gramin Bank is actively participating in various sponsored programmes for promoting entrepreneurship and generating employment. The Bank sanctioned a total of 418 PMEGP proposals and 1404 loans under Swabalamban amounting Rs 19.88 crore and Rs 49.61 crore respectively during 2021”, he added
The Bank also extended loan facilities for business and Agricultural activities during Covid pandemic situation.
“Our Bank has contributed Rs 50 lakh towards Chief Minister Relief Fund on July 13 last to combat pandemic Covid19 through Chief Minister Biplab Kumar Deb”, Goswami commented.
