Performance Highlights
Performance of the Bank for the Year ended 31st March, 2021
Branch Network
The number of branches of the Bank stood at 160 as on 31st March, 2021.
Deposits
Total Deposits of the Bank stood at Rs. 7,412.59 crore as on 31/03/2021 compared to Rs. 7,679.43 crore as on 31/03/2020 showing decline of 3.47%.
CASA Deposits increased from Rs. 2,521.21 crore as on 31/03/2020 to Rs. 2,827.21 crore as on 31/03/2021, showing a growth of 12.14%. Share of low cost deposit stood at 38.14% as on 31/03/2021 against 32.83% last year.
Savings Bank Deposits increased from Rs. 2,154.17 crore as on 31/03/2020 to Rs. 2,388.06 crore as on 31/03/2021 i.e. a growth of 10.86%.
Demand Deposits of the Bank which was Rs. 367.05 crore as on 31/03/2020 increased to Rs. 439.15 crore as on 31/03/2021 showing upward trend of 19.64%.
Term Deposits of the Bank stood at Rs. 4,585.38 crore as on 31/03/2021 against Rs. 5,158.22 crore as on 31/03/2020 showing decrease by 11.11%.
Advances
Gross Advances of the Bank decreased from Rs. 4,118.03 crore as on 31/03/2020 to Rs. 4,028.59 crore as on 31/03/2021, declined by 2.17%.
C. D. Ratio of the Bank improved to 54.35% as on 31/03/2021 as against 53.62% as on 31/03/2020
NPA
Gross NPA’s of the Bank increased from Rs. 536.03 crore as on 31/03/2020 to Rs. 650.67 crore as on 31/03/2021. Gross NPA to Gross Advances percentage stood at 16.15% as on 31/03/2021. Net NPA to Net Advances % stood at 5.77% as on 31st March, 2021.
PROFITABILITY
The Operating Profit increased by 5.36% from Rs. 112.23 crore to Rs. 118.25 crore for the year ending 31/03/2021. The Net Profit of the Bank increased to Rs. 1.26 crore as on 31/03/2021, compared to (Rs. 68.06) crore as on 31/03/2020, showing an accelerated growth of 101.85%.