Bank Business

The share capital of the bank is rupees 106.38 lac as on 31/03/17.

Deposits is important resource for banking business, during the year 2016-17 the bank deposit stood rupees 3035.16lac. The share of low cost deposits is 53.25% to reduce the cost of deposit. Therefore, our bank are paying more attention to increase more demand deposits in future.

The cash position as well as held by the bank in current account with commercial banks at Tikamgarh is rupees 507.39 lac.

Investment constitute an important resources of earning of the bank, therefore our bank had been vigilant on this account. As per instructions issued by Reserve bank of India, Bank has invested all the SLR funds in govt. securities and non SLR funds are kept in current account with commercial banks and some amount invested in mutual fund scheme. However, the surplus funds were effectively deployed to optimize the interest income. During the financial year 2016-17 total investment of our bank stood at rupees 989.84 lac as against 874.84 lac in last year.