Tripura Gramin Bank posts profit
In spite of the Covid-induced economic slowdown, the Tripura Gramin Bank (TGB), one of the leading banks among the 43 Regional Rural Banks (RRBs) in India
Agartala: In spite of the Covid-induced economic slowdown, the Tripura Gramin Bank (TGB), one of the leading banks among the 43 Regional Rural Banks (RRBs) in India, registered a profit for the 12th straight year with a net gain of Rs 3.62 crore in the last fiscal (2022-23) and doing over Rs 11,271.92 crore business, a top bank official said here on Thursday.
The TGB Chairman, Satyendra Singh said that as on March, 2023, his bank registered an operating profit of Rs 23.62 crore with a net profit of Rs 3.62 crore. A senior bank official told IANS that the TGB's net profit was Rs 143.14 crore and operating profit was Rs 282.40 crore in 2021-22 fiscal. "Economic recession across the world and absence of major and medium industrial and entrepreneurial projects in Tripura, the bank's profit reduced in the last financial year," the official said.