Staff of Regional Rural Banks to receive arrears of wage-revision soon thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Telangana Grameena Bank net profit up by 76% in FY21
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The Telangana Grameena Bank (TGB) for 2020-21 has posted a net profit of ₹301 crore, an increase of 75.92% from the ₹171.10 crore registered in the previous fiscal.
This came on the back of total business increasing 15.63% to ₹20,212.97 crore (₹17,480.28 crore). While deposits grew more than 12% to ₹10,109.15 crore, advances at ₹10,103.82 crore were a little over 19% higher.
The Net Interest Margin was 4.08% (-1.34%). Gross NPA increased to 2.25% (2.08%), while net NPA declined to 0.29% (0.41%). A release on the pre-audited results for 2020-21 said the regional rural bank operates through a network of 424 branches in the five erstwhile districts of Adilabad, Karimnagar, Nizamabad, Rangareddy and Hyderabad.
Telangana Grameena Bank bags awards thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Grameena banks offer digital insta account
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Zero balance among top benefits
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Zero balance among top benefits
The Digital Insta Savings Account mobile app of Andhra Pradesh Grameena Vikas Bank (APGVB) and Telangana Grameena Bank (TGB) was launched recently by State Bank of India chairman Dinesh Kumar Khara.
The app will be at the heart of the Digital Insta Savings Account (DISA) launched by the two regional rural banks. The benefits of DISA include zero balance account, can be opened within 10 minutes and activation of mobile banking and SMS alerts immediately. Rupay debit card will be issued and the account holders need to successfully complete e-KYC at home branch or video-KYC within one year.