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The Hindu
The Hindu
National
Staff Reporter

Kerala Gramin Bank improves performance

KGB

Kerala Gramin Bank (KGB) made a profit of ₹124.14 crore in the last financial year. It was nearly four times compared to the profit of ₹33.43 crore that the bank made in the previous fiscal.

KGB officials said the operating profit had improved from ₹195.66 crore in March 2021 to ₹412.16 crore in March 2022. A meeting of the KGB board expressed happiness at the bank’s performance post-COVID.

Officials said a healthy capital base, improved capital to risk (weighted) assets ratio (CRAR), good business growth, and an ever high profit marked the performance of the bank in the financial year that ended on March 31.

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