Agartala, May 9:Tripura Gramin Bank (TGB) has clinched the top spot among India’s 28 Regional Rural Banks (RRBs) in business growth and financial performance for the 2024-25 fiscal year.
The bank reported a net profit of Rs 104.91 crore, a significant leap from Rs 27.92 crore in the previous year, alongside a total business turnover of Rs 14,085.14 crore.
TGB chairman Satyendra Singh announced the milestone on Friday, crediting the achievement to robust operational strategies and public trust in the bank’s services.
Operating through 150 branches and 12 Ultra Small Branches (USBs) across Tripura, TGB saw a 13.60% surge in total business, with deposits rising by 14.38% to Rs 10,066 crore and gross loans growing by 11.71% to Rs 4,019.14 crore.
Singh highlighted the bank’s resilience amid global economic challenges, emphasizing its zero net Non-Performing Assets (NPA) due to stringent credit appraisal systems.
The bank’s Capital to Risk-weighted Assets Ratio (CRAR) stood at 24.50%, far exceeding the RBI’s 9% mandate.
TGB, sponsored by Punjab National Bank, has prioritized rural development through agriculture, MSME, and Self-Help Group (SHG) loans, while leveraging digital platforms like mobile banking and doorstep services to enhance accessibility.
The bank also facilitated government welfare schemes such as PMEGP and PM Svanidhi, benefiting lakhs of beneficiaries.
Notably, per-branch business efficiency rose to Rs 93.90 crore (from Rs 82.66 crore), while per-employee productivity reached Rs 15.56 crore, up from Rs 13.96 crore in 2023-24.
Following the merger of 15 RRBs into larger entities, reducing the national tally from 43 to 28, TGB’s performance underscores its pivotal role in advancing financial inclusion and supporting India’s vision of a self-reliant rural economy.
Singh reaffirmed the bank’s commitment to aligning with national priorities and fostering sustainable growth in the Northeast.
