| Sangli Bank has been witnessing sporadic withdrawal of deposits ever since the United Western Bank, headquartered in the neighbouring Satara district, was placed under a moratorium on September 2. |
| The exact quantum of withdrawal could not be confirmed. S R Godbole, general manager of the old private bank admitted that "there have been some instances of deposit withdrawals in the recent past" but said the bank's financial condition is good. |
| Sources in the Reserve Bank of India said the bank had no liquidity problem. |
| Sangli Bank had a total deposit base of Rs 1,985 crore as on March 31, 2005. A section of the depositors have been withdrawing money from the bank fearing an RBI clampdown on it. |
| The bank has not yet filed its 2005-06 profit and loss and balance sheet with the RBI. Central bank sources said the bank has been given time till the end of this month to file its annual financial statements. |
| Godbole confirmed that the RBI has given the bank time till September 30 to finalise (accounts) books for 2005-06. |
| The bank had reported a loss of Rs 31 crore last year. The bank had a net worth of Rs 85 crore as on March 31, 2006. |
| Sangli Bank is among a few other banks "" Ratnakar Bank, Dhanalakshmi Bank, Catholic Syrian Bank and Citi Union Bank "" which are way behind in meeting the banking regulator's minimum net worth norm. |
| As on March 31, 2006, Ratnakar Bank had a net worth of Rs 54 crore, Dhanalakshmi Bank Rs 134 crore and Catholic Syrian Bank Rs 216 crore. The RBI wants all banks to have a minimum networth of Rs 300 crore. However, it has not fixed any time-frame for this. |
| Sangli Bank's capital adequacy ratio as on March 31, 2005 was 9.30 per cent, marginally above the minimum required 9 per cent. The bank's capital adequacy had fallen from 13.68 per cent as on March 31, 2004. |
| The bank's net non-performing assets ratio was 4.30 per cent against the industry average of 1.22 per cent. |
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