This will further increase is CAR which is currently at 26.5 per cent on a paid-up capital of Rs 1.4 crore.
It has a networth of Rs 1.68 crore as against minimum networth of Rs 1 crore stipulated by RBI. The bank at present has a deposit base of about Rs 5.5 crore, and is targeting to increase it by another Rs 1.5 crore in the current year.
Its savings and current account deposits are to the tune of Rs 80 lakh which are being planned to be increased by Rs 50 lakh during the year. It plans to bring down the net NPAs to 3.5 per cent from the existing 5.9 per cent.
