When the Central Bank of India’s headquarter on Friday came out with results for financial year ended on March 31, 2013, the regional office of the Central Bank of India presented a positive figures for Jharkhand for the coming days. One of the leading banks of the State with 82 branches in its kitty is hoping to open 51 more along with 135 new ATMs in various parts.
Addressing media persons on the occasion Smruti Ranjan Dash, Deputy General Manager of Central Bank of India, said his bank has sound financial indicators in Jharkhand.
‘We have Rs 763 crore as advances and Rs 244 crore as deposits. To expand our business we had opened 17 new branches last year and looking to add 51 this year. We already had 42 ATMs and 135 new ATMs would be added into this,’ he informed.
Nationally the Central Bank of India during the FY has earned net profit in the tune of Rs 1,015 crore which is 90.43 per cent up than the previous year. The bank has also pulled down its net non-performing asset (NPA) to Rs 49,88 crore, or 2.90 per cent lower.
Though, the bank has managed to lower the gross NPA 4.80 per cent. Nationally the bank has done a total business of Rs 4,02,272 crore with Rs 2,26,038 crore of total deposits.
Adding more on the outcomes in Jharkhand Dash said the bank has given Rs 70.67 crore loan for agriculture against the target of Rs 86.20 crore with 81.98 per cent achievement. Similarly in MSE sector the achievement has been 129 per cent of the target fixed and 55.5 per cent in other priority sector.
‘77 per cent of our advances have gone to the priority sector. We had Rs 84 crore of NPA that has come down to Rs 72 crore during the financial year which is 15 per cent lower. Deposit growth has been 25 per cent,’ added the DGM. He also stressed that the bank is going to renovate all its urban branches with air conditioned for customers comfort and also introducing ‘wonder card’ for salaried persons that can be used both as debit and credit cards.