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Chairman Message

FROM THE DESK OF CHAIRMAN

"If everyone is moving forward together, then success takes care of itself." --Henry Ford

Dear Team HPGB,

The dawn of the New Financial Year brings with it a lot of new hopes and opportunities. The FY 2020-21 was a tumultuous year for the whole world and banking industry was no exception. Everybody has been struggling with the impact of COVID-19. I extend a note of gratitude to each and every member of HPGB Parivaar for their role through such a tough time. Nevertheless HPGBians stood up to the corporate expectations. They found hidden opportunities and delivered results. The tireless services rendered by the field functionaries during the tough time of COVID-19 have earned a lot of goodwill for the Bank. The services rendered have created a huge number of happy & loyal customers for the Bank who will function as our Brand Ambassadors.

It is a matter of great pleasure to acclaim the achievements of FY 2020-21. HPGB has achieved the budget of core business parameters- Deposit, Advances, NPA & Profit. Growth over the year has been a cumulative outcome of the efforts of every individual associated with the Bank.

Highlights of the key business parameters of the Bank as on 31.03.2021 is as under:

 

(Amt. in Rs. crores)

Sr.No.

Parameter

31-Mar-20

Budget Mar. 21

31-Mar-21

% Growth

(Audited)

 

(Un-audited)

1.        

Total Business

7926

8762

8920

12.54%

2.        

Deposits

5811

6392

6478

11.48%

3.        

CASA

2373

2646

2487

4.82%

4.        

Advances

2115

2370

2442

15.47%

5.        

CD Ratio%

36.39

37.08

37.69

3.57%

6.        

NPA

121.96

113.00

112.66

-7.63%

7.        

Gross NPA%

5.77

4.77

4.61

-20.10%

8.        

Operating Profit

82.75

-

122.72

48.30%

9.        

Net Profit

0.79

3.00

10.23

1194.94%

10.    

PCR %

54.02

-

81.21

50.33%

 

 

We should keep in mind following focus points for our Bank for FY 2021-22:

CASA: Deposit of the Bank has grown at the rate of 11.48% but the percentage growth in CASA has been 4.82% which is an area of concern for us.  Further focus of our Bank will be on mobilizing low cost deposits which will substantially increase our profit.

CD Ratio: Although CD ratio of the Bank has increased from 36.39% as on 31.03.2020 to 37.69% as on 31.03.2021; still there is a need for further improvement. We have to work rigorously to increase quality lending thereby increasing CD ratio.

We have to focus for surpassing CASA percentage & CD Ratio each above 45%. For sustainability of the Bank in the long run, increasing CASA & CD Ratio is the only way out. We all have to put on our best to reach the milestone.

System Generated NPAs: RBI has advised all the Banks to implement system generated asset classification latest by June, 2021. As NPA level has direct impact on the profitability of the Bank, so during the current quarter our efforts will be focused on regularization of SMA-2 accounts & up-gradation of NPA accounts.

With the achievements made during the year, we definitely have a lot of expectations moving towards the next financial year. Now, we look forward to achieve more milestones during the FY 2021-22 and continue our journey towards success with active participation of everybody. I am confident that the momentum set on motion, will accelerate in the Financial Year 2021-22 to take the Bank to new heights. As we have achieved most of the goals for FY 2020-21  successfully, I hope FY 2021-22 will continue to give us the boost that we need in the long run. For FY 2021-22, let us take a pledge together to grow our business and services even further in a way that we embark onto a profitable and prosperous financial year.?

It is my pleasure to share that the Bank has been conferred SKOCH Award (Silver) 2021 for providing Door Step Banking services to our esteemed customers during the COVID-19.

I would also like to acknowledge the appreciable work done by the field Staff in selling third party products viz. APY, PNB Met Life & Care Health Insurance, and substantial amount of non-interest income is being generated.

41 Officers & 67 Office Assistants will be joining the Bank on 5th April and will reduce the Staff shortage to some extent.

Promotion process has been started. I wish all the best to each & every aspirant.

At the end, I would like to thank all our Board Directors for their support & guidance, customers for their valuable faith & trust and HPGBians for their relentless efforts towards achieving our goals.

Wishing a Prosperous New Financial Year 2021-22.

With warm regards,

 

(UDAY CHANDRA)

 

"Unity is strength. . . when there is teamwork and collaboration, wonderful things can be achieved." --Mattie Stepanek