Chairman’s Message

It gives me great pleasure in presenting the 11th Annual Report and financial statement of Jharkhand Gramin Bank for the financial year 2016-17. It is the 3rd year in succession that I am presenting the report as Chairman of this institution.
   In the year under review, our bank has posted a Net profit of Rs 7.81 crores against a net loss of Rs 23.68 crores in Financial Year 2015-16. The Bank has shown improvement under all Business parameters. The Honorable Chief Minister of the State in the 59th SLBC meeting awarded 2nd prize to the Bank for its outstanding performance under SHG. Our Bank is pioneer in the State in introducing “Bank Sakhi Model”, where women SHG members are working as BCs for the Bank. A good network of our branches in rural area gave us opportunity to successfully accomplish the work of demonetization for rural masses, proving our commitment of providing affordable and customer oriented banking services to rural population. Effective monitoring and control system and the tools like Risk Based Audit system, IS Audit, Preventive vigilance inspection has helped us in imposing financial discipline and mitigating the risk.
     Our bank has been actively participating in all social security schemes of Govt. be it PMJDY, PMSBY, PMJJBY, 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. 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.

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

The total Deposit of the Bank have grown to Rs 328568.98 lakh as on 31.03.2017 against Rs 277268.55 lakh as on 31.03.2016 registering a growth of 18.50% over 31.03.2016.

  1. The total low cost deposit of the Bank have improved to Rs 199572.99 lakh as on 31.03.2017 against Rs 15599.71lakh as on 31.03.2016 registering growth of 27.93% over 31.03.2016. Low cost of the Bank was 60.74% of total deposit as on 31.03.2017.
  2. 2 Gross Advance outstanding stood at Rs 97281.93 lakh as on 31.03.2017 as against Rs 90344.55 lakh as on 31.03.2016, registering a growth of 7.68%. I understand it could have been improved but pre payment of some standard loans have brought growth at this level. It is almost at par with industry level growth.
  3. Gross NPA level as on 31.03.2017 has come down to Rs12784.34 lakh against Rs. 13466.62 lakh as on 31.03.2016. In percentage term it has reduced from 14.91% to 13.14% against gross outstanding advances.
  4. Net NPA level has improved to 6.43% from 7.43% as on 31.03.2016.
  5. Proving our commitment for enhanced lending under production credit the Bank has issued 65119 KCCs from 01-04-2016 to 31.03.2017 against the target of 60000 KCCs.
  6. The Bank has credit linked 2599 SHGs from 01-04-2016 to 31.03.2017, majority of the credit linked SHG are women group.

While presenting the Annual Report I am confident and committed for better result of Bank in all areas during financial year 2017-18

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, our valued customers and untiring efforts of team JGB to enable Bank to reach at this level.


Sri Sanjib Sarkar