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Message From Chairman

(B. K. Mishra)
C H A I R M A N

Dear visitor,

 

Thanks for visiting our website. State Bank of India is our Sponsor Bank and we have a network of 194 branches in two Divisions of Jharkhand State namely Santhal Pargana Division and Palamau Division. All branches (194) are on CBS platform. We have adopted technology to provide better customer services to our customers of all the branches.

We have a variety of deposit & loan products and other financial services to suit different types of customers’ requirement. We are glad to welcome you to our branches for availing our services.

The bank has registered a growth of 34.48 crores in advances (during the period April’11 to September’11) which comes to 6.2% of total advance. In K.C.C. bank has disbursed 65.80 crores in 35158 accounts during the period(April’11 to Sept.’11) against last year’s achievement of 72.02 crores. 16 new Farmers’ Clubs have been formed. The Bank has opened 11179 No frill accounts against last year’s figure of 16658. Recovery percentage has increased from 47.65% to 49.59%. Bank has registered a profit of 3.19 crore as on 30.09.2011, whereas the profit during 2010-11 was Rs. 1.70 crores.

 

The bank has undertaken these activities recently-

(i)        NEFT Facility has been introduced in our Bank for transfer of fund to/from any branch of other banks

(ii)        achieved 100% migration to CBS platform during the period

(iii)       VGB is the only Bank in the state to have achieved 100% financial inclusion household wise in the service area of all its Branches. All 9 districts covered under Financial Inclusion programme.

(iv)       42240 Kisan Credit Card accounts financed during the FY2010-11 to the farmers by our branches

(v)        16228  “No Frill” a/cs have been opened during the year 2010-11 and total no. of such a/cs opened till 31.03.2011 is 1,92,521.

(vi)       Total No. of Farmers’ Clubs – 271 as on 31.3.11

(vii)      VGB is on second position in the state under PMEGP finance.

(viii)     Special thrust on Non-fund business by way of cross selling under SBI Life. Bank has been able to collect premium of Rs. 2.13 cr. upto November’11 and position of the Bank is 2nd  among SBI sponsored RRBs.

(ix)       Reward & recognition programme was organized in June 2011  & November’11 to facilitate good performers

(x)        Blood donation camps & health check-up camps are being organized in all district headquarter on monthly basis.

(xi)       Adoption of 9 girl child

(xii)      Under financial inclusion, ICT based project is under implementation in Dumka & Latehar districts to provide banking facility in village having population above 2000. About 12200 accounts have been opened in 12 villages. 

(xiii)     introduction of Education Loan Scheme for Public

(xiv)     MoU between NABARD and our Bank for co-financing in Agricultural sector

(xv)      Head Quarter building of our Bank becomes “WI-FI” enabled, first such building of any Bank in the States of Jharkhand & Bihar.

(xvi)     Computer Lab to give in-house training on CBS, again the First by any RRB in Jharkhand & Bihar.

(xvii)    Bank has made tie-up arrangement for financing commercial vehicles, Two/three wheeler, auto & Tractor with Tata Motors, Mahindra & Mahindra, Bajaj Auto, Hero Honda, Piaggio, Eicher, Sonalika and Escorts, scooter India Ltd., J.S.Auto(P) Ltd.

(xviii)   Bank has also made tie-up arrangement with SG Enterprises, Reliance Energy & Tata B.P. for financing Solar Power Equipments.

 

                                                                                                      

(B.K.Mishra)

(Chairman)