south malabar gramin bank

Achievements (31.03.2008)

	Total Business crossed Rs. 3933 crors, registering all time high accretion of Rs. 790crs.
	Deposits crossed Rs 1893 Crores , registered a growth of 34.46%
	Credit crossed Rs 2000 Crores, showing a growth of 17.58%
	Net profit of Rs 28.91 Crores
	Achieved a recovery percentage of 90 %
	Disbursed a sum of Rs 1965 Crores during 2007-08, for various farm & non-farm activities.
	Opened 5 branches and one Area Office in Thiruvananthapuram District
	Opened first branch - Thodupuzha - in Idukki Dist. on 29.10.2007.
	Total NPA reduced to Rs. 54.13 Crores., 1.63% of Net advances.
	Received recognition fro NABARD for best performance under SHG linkage at State Level
	Banking Habit Village which ensure 100% financial inclusion was first declared in Kerala by our Bank in Palakkad.
	Rendered financial assistance of Rs. 1083.90 Crs to Minority communities, constituting 53.13% of total business
	Granted Loans totalling to Rs. 91.99 Crs to SC/ST beneficiaries.