Agartala, May 10, 2024, By Our Correspondent
Tripura Gramin Bank (TGB) has now emerged as a formidable force in the state's banking sector. The bank recently announced its financial results for the fiscal year ending on March 31, 2024, showcasing an impressive net profit of Rs 27.92 crore. This staggering figure reflects a remarkable 671.27% growth compared to the preceding financial year.
Addressing the media in an interactive session, TGB's Chairman Satyendra Singh, alongside General Managers Shishir Kr Rohtagi and Santosh Kumar Rawat, highlighted the bank's exceptional performance. They attributed the success to a robust business strategy, which saw the bank's business growth soar from Rs 10,273.71 crores in 2021 to Rs 12,398.55 crores in the fiscal year ending March 31, 2024, marking a significant 10% year-on-year increase.
What sets TGB apart is its impeccable record of maintaining zero non-performing assets (NPAs) in the financial year, a feat unmatched by any other bank. Despite making substantial advances across various sectors, including primary and priority sectors, TGB remains optimistic about its future growth trajectory.
Currently, TGB boasts a widespread network comprising 150 branches, 12 ultra-small branches, and three regional offices strategically located across Tripura. With a shareholder base including the Government of India (50%), Punjab National Bank (35%), and the Government of Tripura (15%), the bank has cemented its position as a cornerstone of the state's financial landscape.
Since turning profitable in 2001–2002, TGB has expanded its footprint with 34 ATMs, strategically positioned to serve communities across rural, semi-urban, and urban areas.