In the 2021-22 financial year, Delhi based Indraprastha Sehkari Bank performed spectacularly on all the financial parameters and also maintained the tradition of having ‘Zero’ net NPA.
The bank’s profit has been up by four times in comparison to last financial year i.e. 2020-21. As of 31st March 2022, the bank earned a net profit of Rs 1.32 crore. Earlier it was Rs 29 lakh.
“Meanwhile, the bank is focusing on upgrading the technology and planning to go live on Bharat BBPS. We are also aiming to start a gold loan service”, said its CEO Rajiv Gupta to the Indian Cooperative correspondent.
He further added that, “Our deposits increased from Rs 239 crore (2020-21) to Rs 243 crore as of 31st March 2022 whereas loans and advances of the bank rose from Rs 128 crore to Rs 131 crore. The bank business stood at Rs 374 crore.
The gross NPA of the bank stood at 3.50 percent. Besides, the Share Capital and Working Capital stood at Rs 4.53 crore and Rs 286 crore respectively.
The bank has proposed an 11 percent dividend for its shareholders for the 2021-22 FY. Indraprastha Sehkari Bank also announced a plan to organize its Annual General Meeting on 9th October 2022.
The Bank has five branches in the National Capital Region. The Bank is also providing CBS, RTGS, NEFT facilities to its account holders and members.
