Nainital Bank - Home Page
  • Notice for shareholders new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • Bank has opens its 141st Branch at Canal Road, Dehradun .new

  • Launch Of New SB Scheme –Naini Mahila Samrudhi Savings Bank Accountnew
147 Branches - 100% CBS/RTGS/NEFT Enable
Performance Highlights

Performance of the Bank for the Quarter ended 31st December, 2019
Branch Network
  • The number of branches of the Bank stood at 139 as on 31st December 2019. In the current financial year 2019-20 Bank has planned to open 12 more new branches.
Deposits
  • Deposits of the Bank stood at Rs. 7730.00 crore as on 31/12/2019 in comparison to Rs 7244.00 as on 31/12/2018 registering growth of 6.71%.
  • CASA Deposits increased from Rs. 2224.00 crore as on 31/12/2018 to Rs. 2342.00 crore as on 31/12/2019, registering 5.30% annualized growth. Share of low cost deposit stood at 30.29% as on 31/12/2019 against 30.70% last year.
  • Savings Bank Deposits increased from Rs. 1944.00 crore as on 31/12/2018 to Rs. 2006.00 crore as on 31/12/2019 showing annualized growth of 3.19%.
  • Demand Deposits of the Bank which was Rs. 280.00 crore as on 31/12/2018 increased to Rs. 336.00 crore as on 31/12/2019 showing growth of 20.00%.
  • Term Deposits of the Bank stood at Rs. 5388.00 crore as on 31/12/2019 against Rs. 5019.00 crore as on 30/09/2018, registering growth of 7.35%.
Advances
  • Gross Advances of the Bank increased from Rs. 3531.00 crore as on 31/12/2018 to Rs. 4171.00 crore as on 31/12/2019, registering annualized growth of 18.12%.
Business
  • Business of the Bank which was Rs. 10775.00 crore as on 31/12/2018 increased to Rs. 11901.00 crore as on 31/12/2019, showing annualized growth of 10.45%.
C. D. RATIO (%)
  • C. D. Ratio of the Bank stood at 53.96% as on 31/12/2019 as against 48.74% as on 31/12/2018.
NPA
  • Gross NPA’s of the Bank which was Rs. 309.87 crore as on 31/12/2018 increased to Rs. 496.67 crore as on 31/12/2019 and it was increased by Rs 186.80 crore from 31st December, 2018. On percentage terms, Gross NPA to Gross Advances increased to 11.91% as on 31/12/2019 against 8.78% as on 31/12/2018. Net NPA to Net Advances of the Bank stood at Rs. 253.69 crore (6.46%) as on 31st December, 2019 against Rs. 148.19 crore (4.40%) last year.
  • The Bank's focus will be on ‘Reduction of NPA’ and prevention of further slippage to NPA. The Bank's endeavor will be that at corporate level, Gross NPA to be below 7.50% of Gross Advances and Net NPA to be maintained below Four Percent (04%).
PROFITABILITY

The Operating Profit, which was Rs.87.08 crore for the quarter ended 31/12/2018, increased to Rs. 95.23 crore for the current quarter ending 31/12/2019 showing acceleration of 9.40%. After making all provisions for estimated liabilities, the Net Profit of the Bank stood at Rs. 24.96 crore as on 31/12/2019, in comparison to Rs. 27.41 crore as on 31/12/2018, showing a decline of 8.94%.