The Board is pleased to present the Banks Directors Report along with the
Audited Balance Sheet as at 31st March 2015 and the Profit & Loss Account Statement
for the Financial Year ended 31st March 2015.
MANAGEMENT DISCUSSION AND ANALYSIS
Macro Economic Scenario Global Perspective
The year 2014 started with a good sign of revival and optimism, but later on turned
into uneven and fragile in between leaving the expected growth momentum across Regions and
Countries of the globe, mainly on account of weak investment. Slow growth in global trade,
depreciation in major currencies, sharp decline in oil prices and external vulnerabilities
during the period also added fuel to the fire. The weaker than expected growth in emerging
market economies, benign Chinese inflation and gloom in the euro zone economies continued
to falter global recovery throughout the year. The slow growth in Chinese economy also has
its impact on downward revision in growth forecast in many of the Asian counties.
The rise in geopolitical tensions in the Middle East, Libya and Ukraine further played
spoilsport in global recovery and also leads to disruption in global oil market. In most
of the advanced economies, output gaps are still substantial, inflation is below target,
and monetary authorities facing difficulties in lowering the interest rate which is
desired to streamline the growth momentum. Among advanced economies, the United States
showed stronger than expected growth, but Japan, the third-largest economy of the world is
still struggling to overcome deflationary spiral as developed within the economy, leading
to stagnant economic growth. In many emerging market economies, macroeconomic policy space
to support growth remains limited due to divergent monetary policies as followed in these
countries which lack proper coordination & cooperation among themselves. The
uncertainty in world economy about the persistence of the oil supply shock still continues
and the risk arising out of shift in demand and market conditions and exchange rate
fluctuations are still elevated.
IMFs World Economic Outlook has estimated Global GDP to be around 3.3 percent in
2014, similar to the previous year level. World GDP is projected to grow by 3.5 percent in
2015. While advanced economies grew by 1.8 per cent, United States by 2.4 per cent, Euro
Zone by 0.8 per cent and United Kingdom by 2.6 per cent in 2014 as compared to 1.3 per
cent, 2.2 per cent, -0.5 per cent and 1.7 per cent respectively in 2013; growth in
Emerging Market &
Developing Economies (EMDEs) plunged from 4.7 per cent in 2013 to 4.4 per cent in 2014.
Japans economy is estimated to shrink unexpectedly from 1.6 percent in 2013 to 0.1
percent in 2014.
Indias growth potential is shining again on account of sharp drop in oil prices
and also likely beneficiary of good policy decisions and announcements. Against the above
backdrops, as per the revised methodology followed by Central Statistical Organisation
after shifting the base year to 2011-12 Countrys GDP drastically improved to 6.9 per
cent in FY 2013-14 as against 4.7 per cent estimated under previous methodology. CSO has
estimated Indias GDP to grow at 7.4 per cent in FY 2014-15 and 8.0 to 8.5% in FY
2015-16. Though this figure indicates good signs, recovery in India has still to be
surfaced as many key macro indicators viz. IIP and factory output data indicating that
economy is still operating well below the capacity.
As per the latest available data released by Central Statistics Office (CSO), Index of
Industrial Production (IIP) showed a thin recovery from 0.1 per cent during April-Jan FY
2013-14 to 2.5 per cent during April-Jan FY 2014-15. This is mainly because of sharp rise
in basic goods and capital good production from 1.6 per cent and -0.8 per cent in
April-Jan FY 2013-14 to 7.4 per cent and 5.7 per cent respectively in April-Jan 2014-15.
Manufacturing sector which weights 75.5 per cent in the IIP grew by 1.7 per cent in
Apr-Jan, FY 2014-15 as against -0.3 per cent in Apr-Jan, 2013-14. Manufacturing sector is
pegged to grow 6.8 per cent in fiscal 2015.
The retail inflation rose to 5.37 per cent in Feb 2015 as compared to 5.19 per cent in
Jan 2015, mainly due to higher food prices.
The money supply grew by 11.54 per cent y-o-y from Rs93585.8 billion as at Feb.21, 2014
to Rs104382.4 billion as at Feb.20, 2015. Net foreign exchange assets (NFA) of Banking
Sector grew by 14.86 per cent y-o-y from Rs18812.2 billion as at Feb.21, 2014 to Rs21607.2
billion as at Feb.20, 2015.
Aggregate deposits of Scheduled Commercial Banks (SCBs) increased by 11.9 per cent
y-o-y (up to Feb 20, 2015) to Rs84748.2 billion as compared to growth of 15.4 per cent
recorded during the corresponding period of the previous year. Demand deposits grew by
11.05 per cent to Rs7690.8 billion and time deposits grew by 11.47 per cent to Rs77057.5
billion during the period. Bank credit of Scheduled Commercial Banks (SCBs) increased by
10.4 per cent y-o-y (up to Feb 20, 2015) to Rs64533.9 billion as compared to a growth of
14.0 per cent recorded during the corresponding period of the previous year. Non-food
credit of SCBs grew by 10.40 per cent to Rs63536.5 billion whereas food credit registered
a decline of 6.41 per cent to Rs997.4 billion. Scheduled Commercial Banks (SCBs)
Investment in Govt. and other approved securities increased by 13.4 per cent y-o-y (up to
Feb 20, 2015) to Rs25365.4 billion as compared to a growth of 13.9 per cent recorded
during the corresponding period of the previous year.
External Sector Growth
The global financial turmoil had a dampening effect on global demand and slowed down
capital inflows which affected Indias export sector. Export performance has been
constrained by weak global demand conditions and the persisting fall in unit value
The cumulative value of Exports for the period Apr-Jan 2014-15, in US dollar terms was
USD 265037.38 million as against USD 258721.45 million for Apr-Jan 2013-14 registering a
y-o-y growth of 2.44%. Whereas the cumulative value of Imports for the period Apr-Jan
2014-15, in US dollar terms was USD 383411.33 million as against USD 375253.67 million for
Apr-Jan 2013-14 registering an increase of 2.17% on y-o-y basis.
Oil imports during Apr-Jan 2014-15 were valued at USD 124747.13 million which was 7.87
per cent lower than USD 135396.32 million during Apr-Jan 2013-14. While non-oil imports
during Apr-Jan 2014-15 were valued at USD 258664.20 million which was 7.84 per cent higher
than USD 239857.35 million during Apr-Jan 2013-14.
The trade deficit, in absolute terms, during Apr-Jan 2014-15 was estimated at USD
118373.95 million which was higher than the deficit of USD 116532.22 million recorded
during Apr-Jan 2013-14.
Foreign exchange reserves stood at USD.338.07 billion as at February 27, 2015 as
compared to USD 294.36 billion as at February 28, 2014. Foreign Currency Assets stood at
USD.312.20 billion as at Feb 27, 2015 as compared to USD 266.90 billion as at Feb 28,
The rupee appreciated by 0.45 per cent against US dollar, 7.90 per cent against Pound
sterling, 14.99 per cent against the Japanese yen and 18.51 per cent against euro y-o-y
during Feb 2015 over the previous year.
NEW VISION & MISSION STATEMENTS
Bank has chalked out a Vision & Mission Statement which acts as a guiding force not
only for pursuing long term corporate goals, but also paving way to acquire new business,
improving customer service, visualize and sizing future market potentials and for
converting these opportunities into a long term business goal and advantages.
Our Vision 2020:
"Be a leading financially strong universal bank, creating value for stakeholders
through customer centric, technology driven and employee friendly approach".
Our Mission 2020:
1. Be a leading provider of banking solutions providing range of financial
services to all strata of society
a. Financial Supermarket with innovative, tailor made & flexible Bank products
b. Among top 5 PSBs in India on financial metrics with significant international
c. Be a socially responsible Bank and leader in financial inclusion
2. Be a highly recognized and visible brand, known for its customer service
a. Passion to deliver excellent service at front desk with full product knowledge
b. Single point of contact solution for all customer issues
c. Quick and efficient grievances redressal
3. Be the most preferred place to work where employees feel proud and motivated
a. Young, energetic and motivated workforce with right person at the right place
b. Best in class HR initiatives including recruitment, training, talent management,
succession planning etc.,
c. Well defined and transparent HR Policy, robust HRM for implementation of all
4. Have state of the art technology & infrastructure creating delight among
a. State of the art network infrastructure with zero downtime.
b. Paperless banking environment, most user friendly digital channels
c. Excellent infrastructure and ambience at branches
5. To Deliver strong financial and operational performance
a. Business size of Rs 10 lac Crores, 5000 branches, 8000 ATMs and Net NPA < 1%
b. Operating Profit of > Rs10000 Crores, Consistently high dividend payout.
CORPORATE STRATEGY FOR 2014-15
Bank is prudently pursing corporate strategy for meeting the business challenges. In
order to improve the business level, customer service, governance and compliance and to
address the key issues with an anticipation of future goal & challenges, Bank had
adopted "IGNITE" as its new corporate theme for the financial year 2014-15 which
signifies as under:
Invoke Passion to be the best Bank among PSBs for 2014-15
Garner new Business, sourcing new clients with increased share of CASA through good
NPA level to be reduced with increased recoveries and with containment of SMAs
through effective monitoring.
Institutionalise best business practices, systems and controls, reducing weak areas
Turnaround time to come down and credit to agriculture, MSME & Retail to expand
Expand business through leveraging technology and enhance brand image and market
PERFORMANCE HIGHLIGHTS OF THE BANK DURING THE FINANCIAL YEAR 2014-15 Capital &
Banks authorized share capital stood at Rs3000 crore and the paid-up capital
Rs662.06 crore (662059172 equity shares of Rs10 each) during the financial year ended at
The Reserves and Surplus of the Bank increased from Rs11219.61 crore in 2013-14 to
Rs12396.72 crore in 2014-15 registering a y-o-y growth of 10.49 per cent over the previous
Tangible Net Worth of the Bank (excluding revaluation reserves) improved significantly
from Rs10663 crore as at March 31, 2014 to Rs12095 crore as at March 31, 2015.
The Board of Directors of the Bank has proposed a Dividend of 47 per cent (Rs4.70 per
share) for the year ended March 2015. The Total outgo in the form of dividend (inclusive
of dividend tax) during the year 2014-15 was Rs374 crore.
The global business of the Bank grew by 18.69 per cent from Rs388584 crore in 2013-14
to Rs461192 crore in 2014-15, whereas, Banks domestic business rose by 18.10 per
cent from Rs330701 crore in 2013-14 to Rs390555 crore in 2014-15.
Global deposits of the Bank grew by 20.27 per cent from Rs212343 crore in 2013-14 to
Rs255388 crore in 2014-15. Domestic deposits grew by 20.56 per cent from Rs 186966 crore
in 2013-14 to Rs225402 crore in 2014-15.
Domestic CASA deposits of the Bank increased from Rs55911 crore in 2013-14 to Rs63671
crore in 2014-15, registering a growth of 13.88 per cent. Percentage of domestic CASA to
domestic deposits stood at 28.25 per cent as at 31.03.2015.
The Banks global advances rose from Rs176241 crore in 2013-14 to Rs205804 crore
in 2014-15 registering a growth of 16.77 per cent. Domestic advances grew by 14.90 per
cent from Rs143735 crore in 2013-14 to Rs165153 crore in 2014-15. The global credit
deposit ratio stood at 80.58 per cent in 2014-15 as compared to 83.00 per cent of the last
year. Priority Sector Advances increased from Rs52016 crore in 2013-14 to Rs57281 crore in
2014-15 forming 40.41per cent of ANBC as against mandatory level of 40 per cent. Direct
Agriculture Advances increased from Rs18807 crore in 2013-14 to Rs21505 crore in 2014-15
forming 15.17 per cent of ANBC as against mandatory level of 13.50 Per cent.
MSE Advances increased from Rs 18697 crore in 2013-14 to Rs19874 crore in 2014-15,
registering a growth of 6.30 per cent.
MSME Advances increased from Rs19800 crore in 2013-14 to Rs24665 crore in 2014-15,
registering a growth of 24.57 per cent.
The Bank has registered an increase of 12.47 per cent in Operating Profit from
Rs3562.95 crore in 2013-14 to Rs4007.29 crore in 2014-15.
Net Profit of the Bank stood at Rs1522.93 crore as at 31.03.2015 as against Rs 1711.46
crore as at 31.03.2014, recording a decline of 11.02 per cent.
Business per employee of the Bank improved from Rs14.30 crore as at March 31, 2014 to
Rs15.39 crore as at March 31, 2015. Profit per employee stood at Rs5.55 lakh as at March
31, 2015 as compared to Rs6.83 lakh as at March 31, 2014.
Income & Expenditure
The Banks Total Income rose by 18.95 per cent from Rs19945.21crore in 2013-14 to
Rs23724.75 crore in 2014-15.
The Banks interest Income rose by 16.08 per cent from Rs18621.27 crore in 2013-14
to Rs21615.16 crore in 2014-15.
The non-interest Income of the Bank improved by 59.34 per cent from Rs1323.94 crore in
2013-14 to Rs2109.59 crore in 2014-15.
The Interest Expenditure of the Bank stood at Rs16094.87 crore in 2014-15 as against
Rs13080.51 crore in 2013-14, recording an increase of 23.04 per cent.
Operating Expenditure of the Bank increased by 9.72 per cent from Rs3301.75 crore in
2013-14 to Rs 3622.59 crore in 2014-15.
Important Financial Ratios
a) The Return on Assets stood at 0.58 per cent in 2014-15 as compared to 0.78 per cent
b) The Banks Net Interest Margin (NIM) stood at 2.38 per cent in 2014-15 as
compared to 2.79 per cent in 2013-14.
c) The yield on advances of the Bank stood at 9.34 per cent in 2014-15 as compared to
9.59 per cent in 2013-14.
d) The cost of deposits of the Bank stood at 6.73 per cent in 2014-15 as compared to
6.56 per cent in 2013-14.
e) The Earning per share (EPS) of the Bank stood at Rs24.38 in 2014-15 as compared to
Rs28.21 in 2013-14.
f) The Book Value per share of the Bank improved from Rs189.63 in 2013-14 to Rs197.24
in 2014-15. g) Net NPA percentage to net advances stood at 1.90 per cent in 2014-15 as
compared to 1.56 per cent in 2013-14.
h) Gross NPA percentage to Gross Advances stood at 3.13 per cent in 2014-15 as compared
to 2.62 per cent in 2013-14.
i) NPA provision coverage ratio of the Bank stood at 66.61 per cent in 2014-15 as
compared to 70.02 per cent in 2013-14.
j) The Capital Adequacy Ratio (CRAR) of the Bank, as per Basel III stood at 10.54 per
cent in 2014-15 as compared to 11.41 per cent in 2013-14.
k) Dividend on equity shares stood at 47 per cent in 2014-15 as compared to 55 per cent
EXPANSION OF BRANCH NETWORK
During the year the Bank has added 303 brick and mortar branches to its network and the
Total number of branches (including London Branch) stood at 3552 as on 31/03/2015. These
include 1116 branches in under banked Districts and 924 branches in minority concentration
Out of the above, 5 branches are opened in the North Eastern Part of India during the
year. Bank opened 19 Mid corporate branches during the year.
As per RBI guidelines, Banks are required to open 25 per cent of the new branches in
rural unbanked tier 5-6 centres.
The domestic branch network consisted of 1150 rural , 936 semi-urban, 783 urban and 682
metro branches. The Total number of ATMs installed upto 31st March 2015 stood at 3427.
The bank has a customer base of 46 million as at March 31, 2015.
Retail lending continues to be the thrust area of the Bank. Though Banking strategies
are undergoing rapid transformations, Retail lending continues to be the important
Portfolio and is contributing towards increasing Net Interest Margins and risk diffusion.
Keeping in view the market trends, the Bank has redesigned strategies and repositioned
products, customizing on a regular basis to the changing market requirements thus enabling
continuity in the growth of the portfolio.
During the fiscal year ended 31st March 2015, the growth in retail credit was 6.36%
over the fiscal year ended 31st March 2014. Banks Total outstanding retail loans
amounted to Rs22256.44 crore as at 31st March 2015 constituting 13.47 % of the Total
outstanding gross domestic advances.
Initiatives taken for accelerating Retail Credit growth:
1) Uniform ROI at B R (10.25 %) for existing as well as new Housing Loan accounts
irrespective of size and tenor of loan.
2) In order to ensure quality housing loan portfolio, bank adopted approved builders
route to extend housing loans. Reputed Builders are empanelled by Corporate Office to
facilitate sourcing of HL applications through them.
3) Cash Incentive is paid to approved builders for sourcing HL applications which are
converted to business.
4) 14 CPCs are functioning exclusively for processing of Housing Loans.
5) The bank also launched incentive schemes to the regional offices /branches /CPCs to
encourage staff to canvass new business.
6) Processing and Documentation Charges on Housing loans and Car Loans waived up to
7) Car dealers and their Sales Executives are paid service charges for sourcing loan
applications converted to business. Sales Executives with Four Wheeler Dealers are paid
Rs1000/- per loan. The Scheme was in force upto 31.3.2015.
8) Bank launched special campaign to mobilize car Loans during 10.12.2014 to 31.3.2015.
During the campaign period, Bank disbursed 12133 Car loans amounting to Rs669.72 crore.
9) SyndConnect a new PBS Scheme launched to cater to the credit needs of employees of
State / Central Govt departments, Reputed Public Sector Undertakings and Fortune
Companies. 10) SyndMortgage scheme is modified with enhanced loan amount to make it more
competitive in the market.
11) A new Gold Loan product with Bullet repayment within 12 months period introduced
for non agriculture purposes with reduced interest rate of BR + 1.50% (11.75%).
12) Bank observed Retail Credit Festival - 2014 from 1.10.2014 to 31.12.2014 through
all branches to focus lending to Retail Loans. Bank also observed Retail Credit Camps from
19.1.2015 to 30.1.2015 and also from 2.3.2015 to 14.3.2015.
13) Tie ups with premier Educational Institutions were executed to mobilize education
ADVANCES TO MICRO, SMALL & MEDIUM ENTERPRISE (MSME) SECTOR
Advances to Micro, Small and Medium Enterprises (MSMEs) reached Rs24665.05 crore as at
March 2015, registering a growth of 24.57 per cent during the year. Advances to Micro and
Small Enterprises (MSEs) reached a level of Rs21911.35 crore, recording a growth of 17.19
per cent. Advances to MSEs accounted for 88.84 per cent of the Total advances to MSMEs as
at March 2015. To give a boost to MSME business, the Bank implemented various measures
during the year. The Bank is having 69 specialized branches for lending to MSME sector.
Towards empowering Women Entrepreneurs, Bank has launched "SyndMahilaShakthi"
scheme and observed special week from 15.12.2014 to 20.12.2014. During the week, bank has
disbursed Rs163.05 crore involving 14087 accounts.
As a proactive measure to promote collateral free lending to MSEs, the Bank is
absorbing entire guarantee fee and annual service fee payable for loans up to Rs 5.00 lakh
under all Govt. sponsored schemes and 50% of fee payable for all other loans up to Rs50.00
Lakh. Bank reduced interest rate by 0.25% in respect of CGMSE covered accounts. MOUs with
reputed commercial vehicle manufacturing companies were renewed to expand credit to
borrowers for purchase of commercial vehicles under MSE sector. The Bank actively
participated in various exhibitions, workshops and seminars during the year to build brand
image of the Banks MSME loan products. The bank also organized series of MSME credit
camps at various centers during the year to mobilize MSME proposals.
The bank also organized dedicated specific weeks for MSME products during 10.11.2014 to
20.12.2014 for Doctors, Transporters, Contractors, Marbles and Textiles Manufacturing
& Traders and Women Enterprisers to mobilize proposals. The Bank also introduced an
Automated Loan Processing System (LAPS) in all branches and regional offices for speedy
processing of MSME loan proposals, there by facilitating timely availability of credit to
MSME units. Online Tracking for MSME proposals is provided to facilitate MSME borrowers to
track and know the status of the applications.
PRIORITY SECTOR CREDIT
Based on the Banks experience in lending to different sectors and keeping in view
the dynamics of Economic Growth, Government Directives, National Priorities and
Socio-Economic Obligations, thrust was given to Priority Sector lending especially lending
to agriculture during the year.
Bank has adopted various strategies during the year to achieve sustainable credit
growth, improved asset quality, higher earnings and for maintaining well diversified
credit portfolio covering all sections of the society to ensure inclusive growth. The Bank
has continued its growth under Priority Sector lending with added thrust on consolidation
of its position and focus on asset quality. The focus areas for credit were Agriculture,
SMEs, Education, Housing, Micro Finance and other productive sectors of the economy. For
quick disposal of large number of credit applications and to hasten credit decisions, the
bank has introduced the "Online Request" from prospective clients covering
credit requirements under various segments of Priority Sector. The prospective clients can
access the Banks website and submit their request for loan through application form
prescribed therein. System generated acknowledgement is provided immediately to the
applicants with unique reference number which they can use to track their applications.
Priority Sector Advances:
Priority Sector Advances of the Bank reached a level of Rs57281.44 crore as at March,
2015 (from Rs52015.78 as at March 2014) constituting 40.41% of ANBC against the mandatory
level of 40%. The Bank has covered more than 29.16 lakh customers under Priority Sector
Advances. Special care was taken to ensure that the credit needs of SC/ST, Minorities,
Weaker sections and Women are fully met. Advances to Weaker Sections have reached a level
of Rs14405.22 crore forming 10.16% of ANBC, thereby surpassing the mandatory requirement
of 10%. The advances to women customers increased from Rs8981 crore as at March 2014 to
Rs12939.05 crore as at March, 2015, forming 9.13% of ANBC against the mandatory level of
5%. Similarly, advances to minorities increased from Rs8308 crore as at March, 2014 to
Rs9012.28 crore as at March 2015, forming 15.73% of Priority Sector Advances surpassing
the mandatory requirement of 15%.
Agriculture and Allied activities:
Credit to Agricultural Sector reached a level of Rs26205.38 crore forming 18.49% of
ANBC as at March 2015 (from March 2014 level of Rs22070.99 crore), against the mandatory
requirement of 18%. The Direct Agriculture credit being Rs21504.72 crore constituted
15.17% of ANBC against the mandatory requirement of 13.50%. Bank has covered more than
20.48 lakh customers under agricultural advances. The disbursement under Special Plan for
Agricultural Credit during the year amounted to Rs14468.92 crore against the disbursement
of Rs11187.90 crore during the last year. The Bank brought 175961 new farmers into its
fold during the year through Rural/Semi-Urban branches, registering an average of 85 new
farmers per Rural and Semi-Urban branch.
Syndicate Kisan Credit Card Scheme (SKCC):
As per the directions of RBI, Bank is implementing the revised guidelines of Kisan
Credit Card under Syndicate Kisan Credit Card (SKCC) Scheme and the revised guidelines
involve the following.
Fixation of staggered limit for five years.
Provision for issuance of Cheque book and ATM / Debit
Cards (Rupay Cards) which will enable the farmers to effectively transact their
operations in their SKCC accounts.
The Bank has issued 3.56 lakh Syndicate Kisan Credit Cards and disbursed Rs3631.05
crore during the year 2014-15. The cumulative number of Syndicate Kisan Credit Cards
issued so far up to March 2015, excluding the renewals, is 19.48 lakh with a Total credit
limit of Rs 7242.05 crore. As at March, 2015, Rupay Kisan Cards have been issued in case
of 1,78,000 operative SKCC A/cs. Under Syndicate Kisan Samrudhi Credit Card Scheme, the
Bank has issued 140 cards with a credit limit of Rs1.87 crore during the year up to March
2015, which provides hassle free investment credit in addition to need based short-term
Synd Kisan Swarna Jewel loans to Agriculture:
Outstanding level of advances under Synd Kisan Swarna has increased from Rs4862.16
crore as at March 2014 to Rs5682.21 crore as at March 2015, registering a year on year
growth of 16.87%.
Investment Credit to Agriculture. :
It is a thrust area of the Bank to promote sustained growth in farm credit. The Bank
has disbursed Rs 1831.26 crore under this category during 2014-15. The outstanding level
under investment credit as at March 2015 is Rs10860.73 crore. It constitutes 50.50% of
Total Direct Agricultural advances.
Government Sponsored Schemes:
TThe Bank continued to participate in poverty alleviation and employment generation
schemes sponsored by the Government in full scale. Special emphasis was laid on coverage
of SC/ST, Women and Minority beneficiaries under these schemes. The Total amount
outstanding under these schemes viz. NRLM, NULM, PMEGP, SRMS, PMRY, SGSY,SJSRY and other
Govt. sponsored scheme is Rs2779.95 crore with 132646 borrowal accounts as on 31.03.2015.
Special thrust was given to extend financial support to SC/ST/OBC and Minorities, while
implementing the Govt. sponsored schemes. National Urban livelihood Mission scheme is a
revamped & restructured scheme of Swarna Jayanthi Shahari Rojgar Yojana being
operative with effect from the financial year 2014-15. In the 12th Five Year Plan, NULM is
being implemented in all District headquarters and all other cities with a population of
100,000 or more as per 2011 census.
Advances to SC/ST
The coverage of SC/ST beneficiaries under various schemes, especially under Govt.
Sponsored Schemes is reviewed at regular intervals. Bank has initiated special efforts to
create awareness about various schemes of the Bank among SC/STs to motivate them to avail
the benefits under these schemes. Advances to SC/ST beneficiaries under Priority Sector,
rose from Rs3497.55 crore as at March 2014 to Rs3926.57 crore as at March 2015,
registering year on year growth of 12.27%. The share of SC/ST advances in the Total
advances of Priority sector Advances is 6.85%. Disbursement and outstanding position of
advances to SC/ST under Govt.
Sponsored Schemes (i.e. NRLM, NULM, PMEGP) and DRI scheme are furnished in the
following tables: Advances disbursed to SC/ST beneficiaries under Govt. Sponsored Schemes
and DRI Scheme during 2014-15 (up to March-2015):
(Amount Rs in crore)
Of which SC/ST
% to SC/ST against Total
Outstanding advances to SC/ST beneficiaries under Govt. Sponsored Schemes and DRI
Scheme as at March 2015: