" Coming together is a beginning; keeping together is progress; working together is success " – Henry Ford
Dear Team HPGB,
With the goodwill and trust of our customers & well-wishers and constant hard work of our employees, the Bank has crossed the milestone of Six Thousand crores in total business achieving a business level of Rs.6016 Crores as on 31.03.2018 with a YoY growth of 10.50%.
I take this opportunity to apprise you that our bank registered a YoY growth of 10.15%, 11.68% and 10.9% with the final figures of 4468, 1548, 1811 crores in Deposits, Advances and CASA respectively as on 31.03.2018. Share of CASA stood at 40.50% of deposits. Net profit after making necessary provisions stands at rs 6.27 crores as on 31.03.2018.
I would also like to bring to your kind notice that Gross NPA which stood at about 200 crores at one point was considerably reduced to 122.5 crores(7.91 % of Total Advances) as on 31.03.2018 only due to commendable efforts of our employees and cooperation of our customers. However, Communication on detailed financial results of the bank will follow once the results are finalized.
I would like to thank all our directors for their continued faith in our strength and capabilities, and customers for their valuable support and trust. I am thankful to the entire HPGB team for continued hard work.
We should strive hard towards serving the customers in the most eloquent manner. I have full confidence in our team of dedicated professionals who will leave no stones unturned to achieve greater milestones in the times to come.
With warm regards,