Chairman’s Message

I have the pleasure and privilege of presenting 6th Annual Report of the Jharkhand Gramin Bank. Initiatives taken and support extended by the entire work entire work force has put forward the Bank to attain a greater height. I heartily acknowledge the valuable contributions made and guidance and support provided by the Board of Directors, RBI, NABARD and Government of Jharkhand in achieving the corporate goal of our Bank.

The salient features of the performance of the Bank during 2011-12 are as under:-

The Total deposit of the Bank stood at Rs. 196552 lakh as on 31.03.2012 as on against Rs. 184156 lakh as on 31.03.2011

Advances outstanding stood at Rs. 61171 lakh, registering a growth of Rs. 8059 lakh over March 2011

Fresh disbursement stood at Rs. 48461 lakh, out of that Rs. 36345 lakh has been disbursed under priority sector. Out of Rs. 36345 lakh, Rs. 10591 lakh has been disbursed under agriculture sector.

Per Branch business of the Bank as on 31.03.2012 was Rs. 1084 lakh against Rs. 1152 lakh as on 31.03.11.

Per employee business as on 31.03.12 stood at Rs. 302 lakh against Rs.280 lakh as on 31.03.11.

The Bank has issued 49096 Kissan Credit Card during financial year ended on 31.03.12.

Investment deposit ratio during financial year 2011-12 was 71% as compared to 69% during 2010-11.

CD Ratio of the Bank has been improved from 29% to 31%.

NPA has been reduced to Rs. 4867 lakh as on 31.03.12 as against Rs. 3555 lakh as on 31.03.11. The gross NPA TO TOTAL ADVANCE HAS REDUCED FROM 8%

Bank has earned a net profit of Rs. 2261.52 lakh during current financial year and Reserve of Rs. 1789.64 lakh.

While presenting the Annual Report, I am sure that with the technological upgradation and motivated workforce the business level, productivity and profitability of the bank will improve further in the days to come.