TGB records net profit all time high, 184.21 percent growth in FY 18-19

AGARTALA:

Tripura Gramin Bank, one of the highly accessed scheduled bank and the largest accessed banking institution of the state, records huge net profit of Rs. 125.45 core which is an all time high and also a achieved an all time higher growth of 184.24 percent during the financial year 2018-19, said Chairman Tripura Gramin Bank Mahendra Mohan Goswami today.

Addressing the media persons at a media conference, the chairman attributed to the customers and depositors behind the growth and thanked the people of the state for generous participation in the making of this large-scale success of the bank. He also addressed a range of issues during the media conference from its history to the newly introduced mobile banking.

He said, along with the Net profit the bank also improved its operating profit which stands at Rs. 227.92 crore with a annual growth of 27.58 percent. The bank has also first time crossed the landmark 9000 crore mark in doing business with 0 percent net NPA and 8.95 percent gross NPA which also came down from 10.64 percent, he added.

The bank, he added, also did well in the other parameters. The deposits grown by 12.57 percent, the advance growth also increased by 7.88 percent, overall business growth was recorded 11.23 percent and CRAR growth was recorded 18.40 percent.

He also informed the media that the bank performed tremendously well in sponsored schemes with 345 and 1168 sanctioned loans under PMEGP and SWABALAMBAN respectively. The MSME advances grown up to 714.85 percent from 637.54 percent, agriculture advances also grown to 743.81 crore from 740.11 crore, last year under KCC 21586 people were issued Kisan Credit Cards of worth Rs. 80.83 crore, in Mudra Yojana 24650 loans were sanctioned and 535 loans were sanctioned in Chief Minister’s B.Ed Anuprerana Yojana, he added.

To a question, regarding the recovery measures, he said, the bank is taking stern actions in terms of recovery so that it can reduce the gross NPA rate to all time low. Regarding new branches, he said, the bank is planning to converts some it’s ultra small branches to fully fledged ones along with floating recruitment for 185 posts once the sponsored bank approves their proposal forwarded already. Along with him General Manager Moni Prasad Hazra and Chief Manager (P & A) Swapan Chandra Sarakar also remained present during the press conference.