The bank's total income increased from Rs 276.17 crore as on March 31, 2007 to Rs 354.52 crore on March 31 this year, recording a growth of 28.37 per cent, Bank Managing Director, P S Prasad told a press meet here.
Non-interest income increased from Rs 27.67 crore to Rs 36.23 crore during the period at 30.94 per cent as a result of the bank's focussed thrust on fee based business.
The total deposits of the bank increased from Rs 3087.96 crore to Rs 3608.42 crore this year while total advances moved up from Rs 1925.77 crore to Rs 2163.73 core during the same period, he said.
The bank, which presently has 181 branches, has also plans to open at least 20 more branches in tier II cities and RBI 's permission in this regard was awaited, he said.
More From This Section
It has also sought permission from RBI to declare 10 per cent dividend.
Priority sector advances as a percentage to Net bank Credit touched 51.24 per cent as at the end of march this year well above the RBI benchmark of 40 per cent.
Agricultural advances as a percentge to net bank credit for the same period was 19.08 per cent as against the RBI norm of 18 percent, he said.
The bank's outstandings under the micro finance increased from Rs 60.72 crore in March 31 last year to Rs 92.08 crore this year, recording a growth of 51.65 per cent.
Net NPA as a percentage of net advances declined from 1.75 per cent as on March 31 2007 to 0.88 per cent as on March 31 this year.
The bank achieved 100 per cent Core banking during the year offering anywhere banking services.