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Financial Performance

Bank’s Performance at a Glance

In the year 2010-11 the total advances of the Bank was to the tune of Rs. 2431.51 crores which has increased to Rs.5450.34 crores in the year 2015-16 while deposits have grown from Rs. 4864.54 crores to Rs.5178.04 crores. The Bank has earned the net profit of Rs.18.09 crores and the has paid dividend @ 15% (maximum permissible as per Cooperative Societies Act) for the year ended 31.03.2016. The CRAR of the Bank for the year ended as on 31.03.2016 was 10.84%. During the year 2010-11, the gross NPA of Bank was 17.93 % and net NPA was 9.29 % which was reduced to 2.50% (Gross NPA) and 0.12 (Net NPA) in the year 2015-16.

The Bank’s refinance from NABARD has also significantly increased from Rs.537.25 crores in the year 2008-09 to Rs.3700.00 crores in the year 2015-16 indicating a growth of 588.69 % during the last eight years. Further, the Bank has also provided finance from its Own Funds to DCCBs to the extent of Rs.1191.00 crores in the year 2015-16. While in medium and long term to strengthen investment credit structure, the Bank has availed refinance credit facilities to the extent of Rs.276 crores in the year 2012-13 which is the highest till date. Previously the interest margin on refinance was to the extent of 1.5% over the Nabard’s refinance rate. The Bank took the initiative and reduced its margin on refinance and is now charging interest in the range of 0.25% to 0.50% over the Nabard’s refinance rate of interest in order to provide maximum relief to DCCBs and ultimately to the farmers.

Statistical Data of GSCB’s progress for last 6 Years ( Rs in crores)

Sr No. Particulars 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
1 Share Capital 20.62 22.50 23.74 25.72 27.49 29.62
2 Reserves and other funds 371.49 494.89 529.96 611.27 623.11 665.43
3 Total Advances 3624.08 4516.59 5029.07 5921.99 5450.34 6531.22
4 Deposits 4861.57 5274.68 6945.65 6368.88 5178.04 5557.08
5 Profit / Loss 18.85 66.35 13.93 44.61 18.09 40.60
6 Dividend 15% 15% 15% 15% 15% 15%

Abridged Balance Sheet and Working Results

(Rs. In lakh)
PARTICULARS Previous Year Current Year
Balance Sheet 31.03.2016 31.03.2017
Capital 2748.85 2962.15
Reserves & Surplus 62310.76 66542.60
Deposits 517803.98 555708.01
Borrowings 409503.07 413035.80
Other Liabilities 35040.85 32492.86
Total Liabilities 1027407.51 1070741.42
Cash and bank balances 102731.29 75860.93
Investments 343380.42 303417.38
Loans and Advances 545033.92 653122.04
Other Assets 36261.88 38341.07
Total Assets 1027407.51 1070741.42
Profit & Loss Account
Interest Income 86478.75 75971.43
Other Income 1536.75 4691.47
Total Income 88015.50 80662.90
Interest Expenditure 79786.80 66720.86
Other Expenditure 6419.76 9882.38
Total Expenditure 86206.56 76603.24
Profit/Loss 1808.94 4059.66
Other Working Results
CD Ration (%) 105.26 117.53
Recovery performance (%) 98.59 97.46
Gross NPAs 13613.39 13229.13
Net NPAs 644.51 0.00
% of Gross NPAs to total advances 2.50 2.03
% of net NPAs to net loans 0.12 0.00
Capital adequacy ratio (%) 10.84 10.18
Net Worth 44444.07 48479.64