Page 27 - BANKING FINANCE JUNE 2016

PRESS RELEASE

SBBJ provided Rs.1.00 Crore to Mukhya Mantri Jal Swawlamban

Abhiyaan

State Bank of Bikaner and Jaipur contributed Rs. 1.00
Crore to Mukhya Mantri Jal Swawlamban Abhiyaan.

Managing Director of SBBJ has handed over a cheque
of Rs.1.00 Crore to the Chief Minister of Rajasthan.
On this occasion, Mr. Ghosh said that Bank has
provided the contribution to support water
conservation programme run by state govt. He also
briefed about various activities being conducted by
Bank during previous financial year in Govt. Schools
including drinking water facility in 104 schools,
electricity facility in 73 schools and constructed 103

toilets in various schools of Rajasthan.

Chief Minister has appreciated the contribution made by the Bank. Chief General Manager of the Bank, Mr. V. Srinivasan
and General Manager Mr. Ravi Kumar Garoo were also present on the occasion.

SBBJ conducted an e-Rickshaw loan distribution programme at their

Head office.

On the occasion,Chief Guest Shri Gajendra Singh, Industry Minister,
Govt of Rajasthan and Shri Jyoti Ghosh, Managing Director
distributed 101 e-Rickshaws loans to encourage Self-Employement
generation.

Hon'ble guest Shri Gajendra Singh appreciated the Bank's initiatives
in the direction of self employment generation. Managing Director
Shri Ghosh elaborated on the schemes being run by the Bank for
Self employment generation etc.

In the end of the programme Hon'ble Guest Sh.Gajendra Singh and
Bank's Managing Director Shri Jyoti Ghosh handed over the keys
and flagged off e- Rickshaws financed by the Bank. Shri V. Srinivasan
Chief General Manager of the Bank was also present.

PSB results 2016: SBBJ shines while others bleed

Rajasthan based Public Sector Bank, SBBJ's results have come as a breather of relief for market and investors, as most
of the PSBs have declared huge losses/ wafer thin profits for the quarter ended 31.03.2016.

SBBJ has reported a net profit of Rs. 193 crore & Rs. 851 crore for the quarter and full year respectively. On the other
hand, large PSBs likes of PNB, BOI and BOB reported quarterly losses to the tune of Rs. 5367 crore, Rs. 3587 crore and
Rs. 3230 crore respectively. Most of the other PSBs have also reported dismal performance for the FY 2015-16.

A close monitoring of its asset portfolio has helped SBBJ in managing its GNPA & NNPA ratio levels at among the best in
PSBs. Bank concentrated on retail business and was very careful in choosing fresh C&I exposure, hence, the hit on account
of RBI's Asset Quality Review exercise was also less compared to other PSBs. Besides, SBBJ's fee based income rose by
22.33% which helped bottom-line in the time of stress. It is learnt that the Bank has closed/ settled more than 90000
stressed retail accounts through its various OTS schemes, which was a contributor to the performance. We also learn
that the bank is getting out of loan exposures from various stressed sectors which are being taken over by other banks
including private banks.

BANKING FINANCE | JUNE | 2016 | 27

Copyright@ The Insurance Times. 09883398055 / 09883380339