Loan and Advance
Loan and advance outstanding
The bank has disbursed Rs. 1576 lacs during the year under report in various sector i.e. business, professional & self-employed, housing & ware house receipt loan scheme.
Income recognition & assets classification
Prudential norms relating to income recognition and assets classification prescribed by RBI have been followed by the bank. Accordingly, the advances portfolio of the bank has been classified as on 31.03.2017 as under.
(Amount in lacks)| 1 | Standard assets | 1378.16 |
| 2 | Substandard assets | 65.49 |
| 3 | Doubtful assets | 37.58 |
| 4 | Loss assets | 0.28 |
| Total Loan | 1481.51 | |
Gross NPA - 6.98%
Net NPA - 0%
Loan recovery
The bank on continuous basis has given due emphasis and priority on recovery of loans and advances. This resulted is 90.25% recovery on 31st march 2017.