Financial Highlights – 2016-17
The deposit of the bank increased significantly from Rs. 71806.15 lakhs to Rs. 81253.91 lakhs, an increase of Rs. 9447.76 lakhs, and a growth of 13.16% over previous year. Bank’s low cost (CASA) deposit stood at 30.25%.
The salient financial features of the Bank for the year ended 31st March 2017 is summarized as under:
(Rupees in Lacs)
| Particulars | 31-03-2016 | 31-03-2017 | Growth (%) |
Share Capital | 1651.11 | 1704.19 | 3.21 |
Total Reserves | 4056.45 | 4324.62 | 6.61 |
Total Deposits | 71806.15 | 81253.91 | 13.16 |
Total Advances | 36098.83 | 38455.87 | 6.53 |
Working Capital | 78905.16 | 88761.71 | 12.49 |
Investments | 36094.68 | 44509.01 | 23.31 |
Net Profit | 201.67 | 52.38 | -74.03 |
Deposits
Growth and composition of deposits for the last 3 years are given below:
(Rupees in Lacs)
| Types of Deposits | 2014-15 | % | 2015-16 | % | 2016-17 | % |
| Current | 2835.66 | 4.1 | 2819.5 | 3.93 | 3744.97 | 4.61 |
| Savings | 15903.07 | 23 | 16591.6 | 23.1 | 20837.02 | 25.6 |
| Term & Other Deposits | 50400.36 | 73 | 52395.05 | 73 | 56671.92 | 69.8 |
| Total | 69139.09 | 100 | 71806.15 | 100 | 81253.91 | 100 |
Advances
During the year the advances increased from Rs. 36098.83 lakhs to Rs. 38455.87 lakhs an increase of Rs. 2357.04 lacs and a growth of 6.53% over the previous year.
The purpose wise classification of loans and advances outstanding as on 31/03/2017.
(Rupees in Lacs)
| Sr.No. | Purpose | Balance as on 31/03/2017 |
| 1 | Cottage & Small Scale Industries | 4039.57 |
| 2 | Professional & Self Employed | 473.33 |
| 3 | Road & Water Transport Operators | 220.53 |
| 4 | Retail Traders | 3593.67 |
| 5 | Wholesale Traders | 54.06 |
| 6 | Education | 186.24 |
| 7 | Ceremonial | 89.82 |
| 8 | a) Acquisition of House Property | 6175.56 |
| - | b) Repairs to House Property | 3019.06 |
| 9 | Medical | - |
| 10 | Others | 20603.98 |
| Total | - | 38455.87 |
Share Capital & Membership
During the year your Bank has admitted 826 new members. After deletion of 514 members who have ceased to be members on account of death, resignation and transfer of shares, the total membership stood at 46663 at the end of the current year as against 46351 in the previous year. Nominal membership stood at 3157 as against 3141 members last year.
Reserve and Other Funds
Your Bank’s Reserves and other funds as on 31/03/2017 vis-à-vis 31/03/2016 are as under:
| - | 31/03/2016 | 31/03/2017 |
| Statutory Reserve Fund | 974.63 | 1043.52 |
| Building Fund | 735.4 | 485.4 |
| Divident Equalisation Fund | 47.4 | 0 |
| Bad & Doubtful Debt Reserve | 1367.86 | 1763.56 |
| Investment Fluctuation Fund | 233.56 | 0 |
| Development Fund | 25.8 | 0 |
| Staff Welfare Fund | 1.67 | 1.67 |
| Contingency Provision Against Standard Assets | 162.88 | 162.88 |
| Contingency Reserve Fund | 66.61 | 102.61 |
| Revalution Reserve | 440.64 | 396.58 |
| Investment Depn. Reserve | O | 368.4 |
| Overdue Interest Reserve | 1638.59 | 2093.13 |
Terms of use | Privacy Policy Copyright 2022 | Mogaveera Bank