NEWS & ADVICE : PERSONAL LOAN
Tripura Gramin Bank books commendable profits
By Vaibhav Aggarwal
May 31, 2010
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The fiscal last ended saw Tripura Gramin Bank post a net profit of Rs 35.35 crore.

"The bank which has 111 branches across the state has achieved a profit of Rs 35.35 crore," the banks's chairman Nilmani Gangopadhyay said.

He said that the credit-deposit ratio of the bank is 39% as compared to 32% recorded by other nationalized banks in Tripura. He also added that the bank has issued 1,500 biometric cards in order to give out wages under the NREGA (National Rural Employment Guarantee Act) scheme and also to give pension under the National Old Age Pension (NOAP) schemes.

Tripura comes after Andhra Pradesh in using biometric cards for payments under the NREGA and NOAP.

He also indicated that out of the 84 Regional Rural Banks which have been affiliated to the RBI, 52 are profit making, 26 are in current profit and six recorded loss.

The bank targets to achieve net profit of Rs. 50 crore for this fiscal. The bank would also be making core banking facilities available to all its 111 branches by the end of this fiscal.


 


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