• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kochi May 22 The net profit of South Malabar Gramin Bank has gone up by 26 per cent to Rs 21.54 crore (Rs 17.03 crore) for 2006-07. The total business grew by 20 per cent to Rs 3,144 crore.

It recorded a credit deposit ratio of 123 per cent with 90 per cent of the loans going to the priority and weaker sections. The total deposits grew to Rs 1,408 crore while advances touched Rs 1,736 crore. The bank extended Rs 419.25 crore through 1,46,304 kisan credit cards.

As per the Government policy of doubling credit flow to the agricultural sector in three years, the bank increased its credit disbursement to Rs 1,208 crore (Rs 960 crore), against a target of Rs 1,055 crore, a bank's press release said.

More Stories on : Financial Performance | Regional Rural Banks | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Forex as a monetary tool

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line