Arunachal Pradesh Rural Bank (APRB) makes Rs 12.33 crore profit in FY 2021-22

A CORRESPONDENT

NAHARLAGUN: The Chairman of the Arunachal Pradesh Rural Bank (APRB) Dr Deepak Kumar Gupta said that the bank has made a profit of Rs 12.33 crore in the financial year 2021-22 after paying tax of more than Rs 4 crore.

Addressing mediapersons at his office chamber near here, Gupta said that the bank, which had only Rs 6 lakh of profit in the year 2019, has jumped to Rs 12.33 crore of profit. Further, the bank is one of the highest tax payers in the State.

Acknowledging the present State Government for utilizing the services of APRB, he said that it is a proud moment for the people of State as the bank belongs to the State of Arunachal, where the State Government has 15% of share.

He said that the bank has sanctioned agricultural loans to the tune of Rs 15 crore to more than 1,500 beneficiaries and it is still going on. The bank has surpassed its deposit by more than Rs 1,100 crore.

"By this year we are targeting a deposit of not less than Rs 1,500 crore. Even if the State Government provides a small amount of help, the deposit may go up to Rs 2000 crore," he said, adding that the bank in the last year has opened more than 1 lakh accounts, wherein 80,000 accounts are from Customer Service Point (CSP).

He said the bank is only in the State among all other banks towards SHG Credit Linkage. Last year, in performance under SHG Credit Linkage, APRB topped the list on a pan-India basis.

"Moreover, the bank is now digitized with the launch of its own Mobile Banking facility. The bank will also soon install more than 10 new ATMs in different parts of the State for better customer service," he said.

The bank will also go live on all UPI platforms where customers can avail online purchase through Google Pay, Paytm, PhonePe etc, he added.

Dr Gupta also appealed to the customers to come and open as many accounts as possible in the bank.

He also informed that the people can trust the bank since the management is under the direct control of the State Bank of India, Corporate Centre, Mumbai and it is fully controlled by Reserve Bank, NABARD and all the stakeholders.

"There is also no discrimination among the customers and every customer is treated equally with best behaviour. Moreover, all the loans are sanctioned in the head office itself," he said, informing that the bank may have its own new branches by the year end at Seppa, Dirang, Bomdila and Tawang.

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