It gives me great pleasure in presenting the 10th Annual Report and financial statement of Jharkhand Gramin Bank for the financial year 2015-16. It is the 2nd year in succession that I am presenting the report as Chairman of this institution. In the year under review, Bank had to make various payments towards salary arrears of staff members in terms of 10th Bipartite settlement, Bank has made full provision for all impaired debts as per IRAC norms for RRBs and that too on the basis of system driven NPA. All the expenses on running the bank on CBS platform are borne by us. All these expenses in the year have made the bank to book loss this financial year despite the fact that we increased our deposits, CASA percentage in comparison to last year and our loan book, CD ratio has shown improvement. Risk Based Internal Audit System introduced by us during last year has improved branch’s working and as effective tool to us for the better control of risks with the bank and business and enabled us to mitigate the same in time. This year, we have introduced IS Audit for the effective monitoring, control and introduction of new performance of the technology in the bank. Our bank actively participated in all social security schemes of Government be it PMJDY, PMSBY, SHG Credit Linkage, PMMY and Atal Pension Yojna. This could happen due to continued patronage of all our valued customers and dedication of all staff members.
The salient features of the performance of the Bank during 2015-16 are as under:-
The total deposit of the Bank stood at Rs 277268.55 lakh as on 31.03.2016 as against Rs 249004.09 lakh as on 31.03.2015 and registered growth of 11.35% over 31.03.2015.
The low cost deposit of the Bank has improved to Rs 155997.71 lakh as on 31.03.2016 and registering growth of 11.59% over 31.03.2015. As on 31.03.2016 our low cost deposit is 56.26% of total deposit.
Advances outstanding improved to Rs 90344.55 lakh as on 31.03.2016 as against Rs 78753.67 lakh as on 31.03.2015, registering a growth of 14.72%.
NPA level which was 16.73% of total advance as on 31.03.15 has come down to 14.90% as on 31.03.2016. The net NPA of the Bank has come down from 12.42% as on 31.03.2015 to 9.60% as on 31.03.2016.
The CD ratio of the Bank has improved from 31.63% to 32.58%
The Bank has incurred a loss of Rs 2368 lakh during 2015-16.
While presenting the Annual Report I am quite confident that the Bank will give better result in all areas during financial year ending March 2017.
I am sure that with the motivated and dedicated workforce the business level, productivity and profitability of the Bank will improve further in the days to come. I heartily acknowledge the valuable contributions, suggestions and support provided by the Board of Directors, Sponsor Bank (Bank of India), RBI, NABARD, Government of India and Government of Jharkhand and our valued customers to enable Bank to reach at this level.