Tripura Gramin Bank, a rural bank in Tripura, has reported impressive financial results for the fiscal year 2024-25. The bank recorded a 13.6% increase in total business, reaching Rs 14,085.14 crore, up from Rs 12,398.55 crore in the previous year.
During a press conference, Chairman Satyendra Singh highlighted the bank’s strong performance in key areas. The deposit base grew by 14.38% year-on-year to Rs 10,066.00 crore, while net profit soared by 275.75% to Rs 104.91 crore. Operating profit also saw a healthy increase of 24.80% to Rs 191.11 crore.
Tripura Gramin Bank’s investment activities proved to be lucrative, with a capital gain/trading profit of Rs 19.67 crore from investments. Interest income from investments also grew by 10.89% year-on-year to Rs 470.57 crore.
Loan disbursement was robust, with Rs 2,427.86 crore disbursed under various lending schemes during the fiscal year. Operational efficiency metrics improved as well, with business per branch increasing to Rs 93.90 crore and business per employee rising to Rs 15.56 crore.
Despite the growth in business, the bank maintained a conservative lending approach, with the Credit-Deposit ratio decreasing slightly to 39.93%. Singh emphasized the bank’s strong capital position, with a CRAR of 24.50% against the minimum regulatory requirement of 9% as per Basel III norms.
Additionally, Tripura Gramin Bank generated Rs 1.76 crore in commissions through selling third-party insurance products from partners such as PNB MetLife, Bajaj, Canara HSBC, and CARE.
The bank’s focus on rural expansion has played a key role in boosting local economies in Tripura. With its strong financial performance and commitment to serving rural communities, Tripura Gramin Bank continues to make a significant impact in the region.
