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.
Bu hikaye Banking Frontiers dergisinin September 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Banking Frontiers dergisinin September 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
