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Tripura bank profit rises

Agartala, June 30: The Tripura State Co-operative Bank has made profits in two successive financial years.

In 2012-2013, the bank had earned a net profit of Rs 24 crore but in the 2013-2014 financial year, it has raised its net profit level by another Rs 2 crore.

“This has been made possible by judicious utilisation of capital given by the state government in the nineties and proper banking service to the people,” said the bank chairman and councillor of Agartala Municipal Council, Haripada Chakraborty, in the annual conference of the bank held here yesterday.

The bank has a network of 54 branches spread all over the state providing service to the people, including government employees.

“In the last financial year, we transacted business worth Rs 2,367.41 crore of which we had earned deposit of Rs 1,638.61 crore and sanctioned loans worth Rs 7,28.81 crore, as high as 50 per cent of the total loan that we had sanctioned was in the primary or agricultural sector,” said Chakraborty.

Regarding the future of the bank, Chakraborty said computerisation of services in the banks had already commenced and it would be given more emphasis so that the bank’s entire network was computerised at all levels.

“We are also planning to launch ATM services and core banking facilities in all branches but core banking is not possible without complete computerisation. ATMs will be introduced soon,” said Chakraborty.

He also promised that if the bank continued to make profits, the employees and officers would also be given benefits.

The annual conference of the bank yesterday was attended by Nabard regional general manager R.K. Debbarman and the bank’s managing director, Swapan Saha.