Financial Daily from THE HINDU group of publications
Wednesday, Apr 17, 2002
Financial Daily from THE HINDU group of publications Wednesday, Apr 17, 2002 |
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Money & Banking
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Agricultural Institutions Netravati Bank operational profit up 56% Our Bureau
MANGALORE, April 16 NETRAVATI Grameena Bank, one of the 10 rural banks sponsored by Syndicate Bank, has registered a total business of Rs 88.11 crore for the year ended March 31, 2002. The bank's deposits stood at Rs 47.52 crore against advances of Rs 40.59 crore, registering a credit deposit ratio of 85 per cent. Percentage of NPAs to total credit was at 2.34 per cent, said to be the lowest in Karnataka. Operational profit rose by 56 per cent and stood at Rs 131 lakh. Under its borrowal accounts, the bank, which achieved a recovery percentage of 87.21 per cent against demand, has disbursed credit to the tune of Rs 20 crore under 7,200 accounts.
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