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140 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%.