TRIPURAINFO

Tripura Gramin Bank (TGB) tops all banks in the country in terms of profit

By Our Correspondent

Agartala May 19, 2019 : At a time when the entire banking sector in the country is gripped by a crisis, Tripura Gramin Bank has set a remarkable record by making a net profit of Rs 124.44 crores in the 2018-2019 financial year . The net transaction of the TGB in the financial year was worth Rs 9000.00 crores. Announcing this in an interaction with the media the TGB chairman Mahendra Mohan Goswami, accompanied by general manager Moni Prasad Hazra and chief manager Swapan Chandra Sarkar, said that in the financjal year 2017-2018 the TGB had posted a profit of Rs 44 crores but this had jumped to Rs 124 crores in the financial year just ended.

Goswami said that prudent management of the banking service had led to this profit and the Gramin Bank's CD ratio was more than 38%. Goswami said that as per supreme court order the TGB has already started disbursing pension among its  retired employees. The TGB has played a key role in disbursing loans among customers under various central and state sponsored schemes . After launching operations in 1976 the TGB had run at a loss till the year 2001 and only in the year 2002 that the TGB had made a small net profit. Currently the TGB has 835 employees in its 148 branches, 11 ultra small branches and eight ATMs but very soon 150 more employees will be recruited . Goswami asserted that TGB would continue its best efforts to serve the state.

   (Tripurainfo)

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