For the first time, the rural bank crosses the Rs 9,000-crore mark securing record net profit of Rs 125.44 crore -- the highest since its inception in 1976
Agartala: The Tripura Gramin Bank (TGB) has for the first time crossed the Rs 9,000-crore mark securing record net profit of Rs 125.44 crore -- the highest since its inception in 1976. The bank has also record an operating profit of Rs 227.92 crore during the 2018-19 financial year, said TGB chairman Mahendra Mohan Goswami.
Keeping a target of Rs 200 crore, the TGB could successfully provide loans worth Rs 182.92 crore among 24,650 beneficiaries under the Pradhan Mantri Mudra Yojana (PMMY) during the 2018-19 financial year, Goswami said while addressing a press conference in Agartala.
“The deposit has been increased by 12.57% year-on-year and has crossed Rs 6,691.77 crore as on March 31 from Rs 5,944.55 crore as on March 31, 2018. Loans and advances increased by 7.88% year-on-year and surplus Rs 2,575.68 crore as on March 31. However, the CD ratio of the bank stood at 38.49% as on March 31 from 40.16% as on March 31, 2018,” Goswami added.
“In 2018-19 FY, MSME advances have increased from Rs 637.54 crore to Rs 714.85 crore and this growth of 12.13% is largely due to bank disbursing MUDRA loans in different categories. Agricultural advances have increased to 743.81 crore from 740.11 crore. The priority sector advances have also increased to Rs 2,159.58 crore as on March 31,” he said.
Meanwhile, the TGB has also started to provide post-retirement pension scheme for the 325 employees and 92 family members of the deceased employees.
The pension scheme started symbolically in the month of February after a number of employees retired in the month of December last year. However, a number of people are yet to receive the benefits of the scheme.
In December 13 last year, the Centre issued a central gazette notification to the TGB, which said that the employees of the bank should be provided with the pension scheme, the bank chairman added.