Chairman’s Statement
I am convinced that there could not have been a better opportunity than now, to ignite the transformational journey of a self-reliant India under the Atmanirbhar Bharat Mission. A growth journey based on our own capabilities and internal strength will be more inclusive and, undeniably, more stable.
Sivasubramanian Ramann Chairman & Managing Director
Read MoreDirectors Report
The Board of Directors of the Bank takes pleasure in presenting its Report on the overall business and operations of your Bank for the financial year ended March 31, 2021.
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V.Satya Venkata RaoDy. Managing Director
Sudatta MandalDy. Managing Director
Financial Performance
Asset Base
The Asset Base of the Bank, inching towards the landmark of ₹2 lakh crore, stood at ₹1,92,322 crore at the end of FY 2021, a Y-o-Y growth of 2.6%.
Income and Margins
Total Income for FY 2021 stood at ₹11,166 crore, a decline of 7.6% as compared to FY 2020. Net Interest Income for FY 2021 grew by 11.5% to ₹3,678 crore, driven by a 0.10% growth in Net Interest Margin.
Net Profit
The Bank registered its highest ever Net Profit of ₹2,398 crore during FY 2021, an increase of 3.6% as compared to FY 2020.
Shareholders' Returns
Earnings per Share (EPS) increased to ₹45.09 in FY 2021 from ₹43.51 in FY 2020.
Business Performance
Institutional Finance accounts for approximately 92% of total outstanding portfolio at the end of FY 2021.
Promotional &
Developmental Initiatives
Promotional & Developmental (P&D) initiatives of the Bank are woven around Mission Swavalamban, which has four distinguishing pillars viz., Sampark, Samwad, Suraksha and Sampreshan (4S) and a fifth pillar viz., “Sangam”, a confluence of four pillars.
- SIGNIFYING “CONNECT WITH MSMEs AND
ENTREPRENEURS” - DIALOGUE TO STRENGTHEN RELATIONS AMONG VARIOUS STAKEHOLDERS OF THE MSME SECTOR
- TO CREATE AN ENABLING ENVIRONMENT FOR THE GROWTH OF MSMEs
- CONSTRUCTIVE ENGAGEMENT WITH POLICY MAKERS & MSME ENTREPRENEURS
- “CONFLUENCE”, INITIATIVES WHICH INHERIT THE TRAITS OF MORE THAN ONE OF THE 4S PILLARS
Strengthening our Support
MSMEs are vital drivers of economic growth and essential to building healthy and prosperous communities. Being the apex financial institution of the sector, the Bank is strengthening its support to the sector in terms of financing, promotion, development and effective coordination among stakeholders, with an aim to create robust underlying ecosystem in which MSMEs operate. The challenging times of COVID pandemic demand for more joined-up approach of the stakeholders to support the MSMEs