A BRIEF HISTORY OF THE BANK SINCE ITS INCORPORATION

                                                                                        Branch Network

                                           Domestic branches: 5770                 Overseas branches: 3 & IBU: 1

Bank’s Performance as on 31.12.2022

Assets and Liabilities

• Domestic CASA deposits grew by 3% YoY and 0.2% QoQ and touched ₹240466 Cr in Q3 FY23. Savings account deposits grew by 5% YoY.
• Advances grew by 13% to ₹451658 Cr in Q3 FY23 over ₹400432 Cr a year ago, primarily driven by growth in RAM sector (12%) of which growth in Retail, Agriculture and MSME was 15%, 15% and 6% respectively. On QoQ sequential basis advances grew by 3%.
• Balance sheet size grew by 4% YoY and was ₹681070 Cr as on 31^st Dec’22 as against ₹657082 Cr as on 31^st Dec’21. On a sequential QoQ basis, it grew by 1%.
• Total Business recorded YoY growth of 9% reaching the level of ₹1048772 Cr in Dec’22 as against ₹963007 Cr in Dec’21. On a sequential QoQ basis it increased by 2%.
• Total deposits grew by 6% YoY and 1% QoQ and stood at ₹597114 Cr as on Dec’22 as against ₹562575 Cr in Dec’21.
• Priority Sector portfolio increased to ₹152850 Cr in Dec’22 from ₹144433 Cr in same quarter of the previous year. Priority sector advances as a percentage of ANBC stood at 45.19% as against the regulatory requirement of 40%.

Capital Adequacy

• For Q3 FY23, Bank’s total Capital Adequacy Ratio (CRAR) was at 15.74% with 27 bps YoY increase. On a sequential quarter basis, it decreased by 41 bps from 16.15% in Q2 FY23.
• Tier-I CRAR was at 12.58% in Dec’22 against 12.03%, up by 55 bps YoY. On a sequential quarter basis, it decreased by 31 bps from 12.89%in Q2 FY23.

Asset Quality

• GNPA was at 6.53% of Gross advances as on Dec’22 decreased by 260 bps YoY and decreased by 77 bps QoQ.
• The Net NPA ratio was 1.00% on 31^st Dec’22 from 2.72% in Dec’21. It stood at 2.27% at 31^st Mar’22.

Operating Profit and Net Profit

• The Bank’s Operating Profit has registered a growth of 13% YoY to ₹11255 Cr for NME FY23 as against ₹9979 Cr for NME FY22.
• The Bank’s Net Profit for the Nine Months period grew by 30% YoY to ₹3834 Cr from ₹2961 Cr in NME FY22. On a QoQ sequential basis Net Profit increased by 14%.

Digital Initiatives

• Enabled FASTag Recharge Facility through BBPS and UPI
• UPI switch integration with PG aggregator (Mswipe/Cashfree)
• Introduced UPI payment as additional option for MUP challan collection
• UPI Credit transaction confirmation through SMS
• Purchase of Motor/Health Insurance from Universal Sompo Insurance through IndOASIS

Financial Inclusion

• Since the inception of PMJDY on 16.08.2014, Bank has opened 285 lakh Basic Savings Bank Deposit Accounts.
• RuPay Cards have been issued to 112 lakh BSBD Account holders.
• BC network has presences in 24 states and 05 Union Territories.
• All the Bank Mitras are provided with inter operable Micro ATM/ Kiosk Aggregated Solution (KAS) devices as per the IBA standard (1.5.1)
• Market share in terms of account is at 4.17%; while in terms of balance outstanding at 4.61%.

Corporate Social Responsibility

• CSR Activities – Education, Health Care, Environment, Rural Upliftment, Poverty and Nutrition
• Teaching and Training aids to Tapan Rehabilitation Society, Karnal
• Wheel-chairs to Tata Memorial Hospital, Mumbai
• Trolley stretchers to Indira Gandhi Institute of Medical Sciences, Sheikhpura, Patna.