Madhya Pradesh Grameen Bank was constituted on 1st April, 2019 after amalgamation of 2 RRBs - Narmada Jhaubua Grameen Bank and Central Madhya Pradesh Gramin Bank. The amalgamated entity Madhya Pradesh Gramin Bank has a network of 866 branches & 14 regional offices.
BUSINESS MIX UP
Business mix of Madhya Pradesh Gramin Bank has grown y/y by 8% to ₹270.27 bn, as of March 2021. Deposits of MPGB have increased by 7.33% to ₹161.50 bn, and advances by 9.26% to ₹108.77 bn. Major growth indicators of the bank, for the first quarter in the current FY are encouraging. Sunil Sharma, Chairman, updates: “Advances have shoot up to ₹109 bn, with positive y/y growth of 11.05% and deposits have recorded a quarterly growth of 1.24% to reach ₹ 163.50 bn. CASA deposits’ percentage has increased q/q from 49% to 49.16% as on 30.06.2021. Particularly in CASA deposits, we have launched special campaigns for opening of new saving bank accounts.”
CONTAINING NPA
Gross NPAs of MPGB has reduced y/y to ₹19.63 bn from 20.37% to 18.05% and net NPAs, with y/y percentage drop to 11.11% from 14.08%, stand at ₹11.14 bn as on 31.03.2021.
Esta historia es de la edición September 2021 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición September 2021 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives:
