Despite facing burning issues, TGB contributes highest share in Tripura in Social Security Schemes
Tripura Gramin Bank registered 2.50 per cent growth in total business during the 2021-22 FY. Moreover, the Bank contributed highest share among the banks of Tripura in Social Security Schemes like Atal Pension Yojana. But some burning issues are looming large.
Addressing a press meet in Agartala on Friday, outgoing Chairman of TGB, Mahendra Mohan Goswami disclosed the financial reports in presence of the new Chairman Satyendra Singh and general manager of TGB, Sishir Rohatyagi.
According to the report, total business of TGB grew up by 2.50%, which is Rs.10530.77 crore as on 31-03-2022 from Rs.10273.71 Crore as on 31-03-2021.
The Bank contributed the highest shares in Tripura in Social Security Schemes – PM Jan Dhan Account (48.72%), PM Suraksha Bima Yojana (35.81%), PM Jeevan Jyoti Bima Yojana (46.51%) and Atal Pension Yojana (58.21%). TGB’s contribution was well recognized as it won “Numero UNO Award” and several other awards and recognitions for its performance to this end.
Looking to other side of the coin, the bank has no operational ATM counters, not even in Agartala. On this, Goswami said it is due to some software-related technical issues and be solved within this month. Meantime, customers are facing troubles.
A slow network system is another long-standing problem that the customers, as well as the employees, are facing and management appeared to be unsure as to how much more time will be required for fixing the issue.
On shortage of manpower, he commented, “During my tenure, I conducted recruitment regularly and there is no manpower crisis, as such”.
| Related News : 4th biennial Conference of Tripura Gramin Bank Retired Staff held |
Credit for much of the success of the TGB goes to hard-working Daily Wage employees. However, discontent is prevailing among them as the issue of hiking their wages remains unsolved. Eve as management assured increasing the wages – but that is yet to be materialized.
Commenting on this, Goswami said, TGB is paying more wages than the rate of the State government. He, however, assured that management is compassionately pondering over the wage increase issue.
The unsolved and pending issues are likely to put the new Chairman - Satyendra Singh - under pressure as Singh has keep the momentum of growth as well as tackle the burning issues that led to several movements affecting banking services.
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According to the financial report, Deposits increased to Rs.7718.34 crore as on 31-03-2022 from Rs. 7569.57 crore as on 31-03-2021. The CD Ratio of the Bank stood at 36.44% as on 31-03-2022.
| Previous Report : Tripura Gramin Bank records over 5pc growth in deposit, stresses improving CD ratio |
The Bank disbursed Rs.1369.49 crore under different lending schemes during the financial year 2021-22.
Notably, Per Branch business has gone up to Rs.71.15 crore as on 31-03-2022 from Rs. 69.42 crore as on 31-03-2021. Also, Per employee business stood at Rs.12.70 crore as on 31-03-2022.
Goswami recognized the role of the employees in the successive success story of the bank.