As in the past, Retail Business continued to be one of the important segments of overall business during FY12. Bank’s performance under its Retail Banking Segment during the year under consideration is as under.
NPA under the Retail Loan
The amount of Non Performing Assets as on 31st Mar, 2012 under Retail Loan was Rs 682 crore (1.91%) versus the level of Rs. 662 crore (2.13%) as on 31st Dec, 2011 and Rs 649 crore (2.17%) as on 30th Sept, 2011. As on 31st Mar, 2011,the NPA was at the level of Rs 580 crore(1.79%).
Gross Advances during the year increased by 43.73% over the level of Mar’11, which means your Bank, could maintain the healthy growth trend even during the challenging times. There were a few slippages and the Gross NPAs of your Bank as percentage to Total Advances marginally increased from 0.62% as of Mar’11 to 0.68% as on Mar’12.
Asset Quality Management
The year FY12 has been a challenging year for the banking industry to maintain the Asset Quality due to a fragile economic environment. However, your Bank has continued...