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Chairman Message

Dear Team HPGB,

Wish you a very Happy New Year 2019!

I welcome all of you back to work after the New Year celebrations. I hope you celebrated the start of 2019 in good spirits with family and friends. Now that we’re into the New Year , it is good to look ahead and think about what this year may bring to us. But first, a quick look back.
 
Let me once again say ‘Thank you’ to all of you for your contributions which made it possible for us to achi eve a steady growth in 2018. This was done despite highly challenging business environment of last year.
 
2018 can be summarized in a few words: In the face of significant challenges, we made significant progress.  I thank you for your continued commitment and all that you did to deliver on our purpose-to help customers in any way possible.  Our bank surpassed the business figure of 6500 Crores (YoY growth of 14.21%) in 2018. 
 
Key financial figures (Amount in Rs. Crore) as on 31.12.2018 are as under:-
 
 Total Business:
 6549.81
 Deposits:
 4877.14
 Advance:
 1672.67
 CASA:
 1959.48
 CASA%:
 40.18
 CD Ratio:
 34.30
 NPA:
 108.10
 NPA%:
 6.46
 Profit:
 5.97

 

We are almost prepared to migrate into FINACLE 10.  Of course, there is still a lot of work ahead.  This year, we intend to fast track our steps towards accomplishing this vision by achieving a strong market share growth as well as doubling our bottom line numbers. This is not going to be easy. The business environment will be more challenging than what we had in 2018.

We still have three months left in current Financial Year and we must gear up with full enthusiasm and take the quantum leap to register a significant growth at the end of financial year.  As individual staff, you must ensure positive impact on the business by increasing productivity. As management, we shall continue to proactively take measures to mitigate the impact of the adverse business environment by continuing to drive change in our processes and strategies.
 
The expected achievements of this year will be the collective responsibility of all of us working as a team. I urge all the members of HPGB Parivar to double their efforts to rise above from all difficulties and work towards making bank to attain greater heights.

I also take this opportunity to share with our vision and goals, we will be striving for in near future. To make our bank fundamentally strong our focus of efforts should be to maintain a strong balance sheet of the bank, which is entirely possible through 4 main tasks:

"We cannot be separated in interest or divided in purpose. We stand together until the end."
 
With warm regards,

(UDAY CHANDRA)