Important Announcement
Chairman's Message

From the Chairman’s Desk

Greetings to everyone….!!!

I am extremely delighted to join this wonderful organization having committed team and all round growth in various business parameters. I am very much excited to work with one of the best RRBs sponsored by State Bank of India i.e. Saurashtra Gramin Bank which is having remarkable business figures as at March-2018.

First of all I heartily congratulate the Team SGB for tremendous performances putting on the board for F.Y. 2017-18. Friends, Journey of success and achievements never ends, every sunrise comes with new challenges and goals, we have to prepare ourselves to compete with new players. Nowadays drastic changes are coming in the banking sector; I believe that we will make it our presence felt in market with smart team work.

Every financial institute needs to take care of all its stake holders, keeping at core its customers as well as their employees. We should try to be leader in every type of business and I assure that we will continue to write the success story of Saurashtra Gramin Bank and take it to new heights.

Saurashtra Gramin Bank at a glance,

  • Saurashtra Gramin Bank is jointly owned by Govt. of India, Govt. of Gujarat and State Bank of India. The status is at par with Nationalized Banks and is a “Scheduled Bank”.

  • Leading Regional Rural Bank (RRB) of Gujarat, Sponsored By State Bank of India

  • Providing Banking Services to more than 13 lakhs customers in more than 1500 villages

  • Techno savvy Bank with CBS system, NEFT, RTGS, IMPS, ATM RuPay EMV Chip Cards & KCC cards, NECS/ACH, Internet Banking, Mobile Banking, PoS & E-Commerce, SMS alerts, Missed Call alerts, UPI etc. facilities.

    Particulars

    2016-17

    2017-18

    Basic Details

    No. of Districts covered

    11

    11

    No. of Branches

    251

    259

    Deposits

    4376.15

    4810.61

    Growth %

    37.28%

    9.93%

    Gross Loans & Advances O/s.

    2675.23

    3411.43

    Growth %

    34.15%

    27.52%

    C.D. Ratio

    61.13%

    70.91%

    Investment O/s.

    1859.4

    1288.48

    Profitability

    Operating Profit for the year

    117.82

    110.85

    Net Profit for the year

    38.58

    68.3

    Productivity

    Per Branch

    28.09

    31.75

    Per Staff

    7.29

    8.93

    Important Ratios

    Capital Adequacy Ratio%

    10.1

    10.99

    ROA%

    0.84

    1.27

    ROE%

    14.42

    19.95

    Net Interest Margin(NIM)%

    3.31

    3.65

    Yield on Advances%

    10.14

    10.2

    Cost of Deposits%

    5.69

    5.43

    Cost of Borrowings%

    5.52

    5.93

    Yield on Investments%

    7.74

    7.54

  • Net NPA of the Bank is at Zero Percent.

  • Our customers can use SGB RuPay Debit/Kisan card at POS terminals and merchant websites for online shopping/payments up to Rs. 25000 per day.

  • Bank has started Demographic Authentication for Aadhaar.

  • We have authorized centers to issue/amend Aadhaar at selected Branches.

*Way forward*

  • The Bank is aiming at a business level of Rs. 10,000/- crore by 31.03.2019

  • Recovery of loans & maintaining Gross NPA at below 1% will be the major priority for the Bank during the current financial year.

  • Enrolment of maximum number of beneficiaries under Social Security Schemes like Atal Pension Yojana (APY), Pradhan Mantri Jeevan Jyothi Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) to pass on the benefit of government schemes to the targeted section of society.

Think good, desire better & do the best.

 

Thanks.

CHAIRMAN

(Manojkumar B. Kalamthekar)