Telangana Affairs
Telangana Grameena Bank net profit up by 76% in FY21
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.
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