The Tripura Gramin Bank (TGB) is celebrating its 42nd foundation day on Thursday through different programmes of banking activities.
A mega loan fair is being organized at Matangini auditorium in Agartala which is attended by State Industries and Commerce Minister, Tapan Chakraborty and top officials of the bank. A total amount of around Rs 75 crore as loans is being disbursed among the beneficiaries.
Earlier addressing the media at the headquarters of Tripura Gramin Bank at Abhoynagar area of Agartala on Wednesday, TGB’s chairman Mahendra Mohan Goswami while highlighting the business of the bank, said TGB was able to sustain net profit consecutively for 17 years and during the current financial 2017-18 up to September 2017, TGB’s business grew up by 14.27 per cent which is Rs 7802.9 crore as on September 30, 2017 from Rs 6828.28 crore as on September 30, 2016.
During the same period the operating profit stood at Rs 87.68 crore as on September, 2017, said Goswami, adding that the net profit of TGB has increased by 57.60 per cent, which is Rs 35.98 crore as on September 30, 2017 from Rs 22.83 crore as on September 30, 2016.
Giving details of the profit of TGB, Goswami added the net interest income increased by 17.01 per cent on year to year basis at Rs 262.58 crore as on September 30, 2017 from Rs 224.41 crore as on September 30, 2017.
He further added the deposit also increased by 15.00 per cent year to year basis and to reach Rs 5704.25 crore as on September 30, 2017 from Rs 4960.23 crore as on September 30, 2016.
TGB, with its sole objective to promote the socio-economic status of the downtrodden people of Tripura, came into existence on December 21st, 1976.
At present the bank has 144 branches and 13 Ultra-Small Branches (USMs) across Tripura and is the largest bank of the state in respect of branch network.
Among the 144 branches, 103 branches are in rural areas, which constitute 71 per cent of the branch network.