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Tripura Gramin Bank ranks 1st among rural banks of NE

Despite the Covid-19 pandemic, TGB has managed to increase its business thereby increasing profit ratio substantially compared to the last financial year, he said.

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Agartala: Tripura Gramin Bank (TGB) has achieved the highest position among the seven regional rural banks of Northeast based on the basic parameters of performance in 2019-2020, Tripura Gramin Bank Chairman Mahendra Mohan Goswami informed here today.

Talking to the media, Goswami said with a net profit of Rs 133.61 crore and zero net Non Performing Assets (NPA), TGB topped in terms of Capital to Risk Assets Ratio (CRAR), Net profit and productivity index in the region.

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Despite the Covid-19 pandemic, TGB has managed to increase its business thereby increasing profit ratio substantially compared to the last financial year, he said.

The bank gave loans of Rs 61.76 crore and Rs 61.22 crore to 4185 SHGs and 3283 Joint Liability Groups, respectively in the current fiscal.

The bank also provided loans to 724 individual entrepreneurs besides, funding an amount of Rs 2.69 crore for 169 dairy projects, Rs 1.81 crore for 338 piggeries, Rs 1.81 crore to 99 poultry, Rs 4.81 crore for 1349 fishery projects in the current financial year even after a long lockdown and suspension of economic activities over six months, Goswami added.

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