P. 1



|Views: 12,688|Likes:
Published by manish2232

More info:

Published by: manish2232 on Mar 14, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less






As on June 30, 2007, the Bank had 2107 branches, comprising 979 rural, 389
semi-urban, 441 urban and 298 metropolitan, which formed 46.46%, 18.46%,
20.93% and 14.15% of the total respectively. The branches include 52
specialized branches (i.e. 4 Industrial
Finance Branches, 18 SSI Finance Branches, 6 International Branches, 6
Recovery Branches, 1 NRI Branch, 1 Industrial Finance cum-International
Branch, 2 Specialized Personal Banking Branch, 1 Specialized Savings Bank
Branch, 3 Quick Collection Service Branches and 2 Trading Finance Branches, 1
Specialized commercial agriculture, 1 Forex cum Treasury Management, 3
Agriculture Finance & 3 Regional Processing Centre (Forex) besides 19 Service
Branches. The Bank has 105 Extension Counters. A number of Bank’s branches
and offices are housed in the Bank’s owned premises situated at prime locations
in major cities of the country.
Pursuant to organizational restructuring, the Bank is currently operating with a 3-
tier structure since June 01, 2001 which was further restructured in November,
2004 by reducing the number of Regional Offices from 48 to 44 and renaming
them as Zonal Offices, on account of synergic reasons and improvement in level
of efficiency, reduction in overhead cost and other operating expenditures. Out
of the seven Regional Rural Banks (RRBs) sponsored by the Bank, six RRBs
operating in Uttar Pradesh have been amalgamated into Luck now Kshetriya
Gramin Bank (LKGB) and Triveni Kshetriya Gramin Bank (LKGB) with effect



from 1st March 2006. Thus the number of sponsored RRBs stand at 3; 2 in Uttar
Pradesh and one in Madhya Pradesh.The Bank has been entrusted with State
Level Bankers’ Committee (SLBC) convener ship in the newly formed state of

The Bank is continuing its utmost endeavor for economic uplift-ment of the state
through its various developmental programmes. The Bank has set up a
residential institute in the name of Birsha Munda Institute of Entrepreneurship
Development (BMIED) at Hazaribagh as a part of promotional measures for
enhancement of flow of bank credit in Jharkhand State. The institute has so far
imparted training to 2144 unemployed youths of which 415 trained persons
received financial assistance amounting to Rs. 4.96 crore From our Bank till 31-

The Bank came out with its maiden Equity IPO in the month of October 2002.
The “at par” public issue evolved overwhelming response from the retail
investors. The Bank mobilized more than Rs. 370 crores against the offer size of
Rs. 100 crores. The number of applications from retail investors in the issue
exceeded 2.23 lacs. After the issue, the holding of the Government of India came
Down to 71.16%. Capital Adequacy Ratio improved to 11.15% as on March 31,
2003 due to increase in capital through maiden equity Public issue.
The Bank came out with its follow-on Equity public offer in the month of April
2005 through book building route. The issue Demonstrated a repeated
overwhelming response from the investors. The Bank mobilized more than Rs.
7380 crores against the Offer size of Rs.820 crores. After the issue, the holding
of the Government of India came down to 55.23%. Capital Adequacy Ratio
Improved to 13.80% as on June 30, 2005 due to increase in capital through
follow-on equity public issue.



The Bank’s performance was noticeable in implementation of ‘Kisan Credit
Card’ launched on 01.09.1998 to ensure easy and timely Supply of credit to
farmers for their short-term working capital requirements for agricultural
activities and also for domestic requirements e.g. education, consumable items,
medical expenses etc. of its existing clients. The Bank received third prize for
Exceeding the disbursement target in 2000-01. The Bank issued 176876 Kisan
Credit Cards involving a credit limit of Rs. 882.73crores during 2006-07. The
cumulative KCC numbered 940799 with a credit limit of Rs.3393.08 crores as
on 31-03-2007. With the ‘Kisan Credit Card’ a new feature of Group Personal
Accident Insurance cover has been provided. The Bank has been giving much
importance to Human Resource Development. It has sent some Officers for
overseas training also. Computerization and automation of operations continued
to receive focused attention from the Bank. The Bank has 2097 computerized
branches/ extension counters, which covers about 99.99% of total
branches/extension counters as on June 30, 2007 in addition to 208 ATMs. The
bank has entered into tie up with VISA for issuance of Debit Cards and with
aggressive marketing strategies. The bank has already issued 2.30 lakhs
International ATM Debit Cards. M/S TCS has been selected as the system
integrator for implementation of CBS in 900 branches of our Bank. 21 branches
(including 18 pilot branches) and 3 RPCs have already been made live under
CBS as on 30-06-2007. The Bank has undertaken strategic planning in order to
become one of the strongest banks in the country in near future through both
product and geographical diversification. For this purpose tie up arrangement
have been made/ being negotiated with various insurance companies and mutual
funds such as Franklin Templeton, Kotak Mahindra, PNB Mutual Funds, Life
Insurance Corporation, UTI Mutual Fund etc. The Bank has opened its maiden
overseas branch at Hong Kong and also representative office at Shenzhen,
China. With the Approval from Reserve Bank of India, General insurance
business is in the offing under Joint venture with Indian Overseas Bank,
Karnataka Bank Ltd, Dabour Ltd and Sampo Japan.



You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->