APRB made Rs 12.33 cr profit in 2021-22 FY

NAHARLAGUN, 23 May: The Arunachal Pradesh Rural Bank (APRB) made a profit of Rs 12.33 crores in the 2021-22 financial year (FY) after paying a tax of more than Rs 4 crores.

Informing this during a press meet here on Monday, APRB Chairman Deepak Kumar Gupta said that “it is a massive turnaround for the bank, which only made a profit of Rs 6 lakhs in 2019.”

He claimed that the APRB is one of the highest taxpayers in the state. “It is a proud moment because this bank belongs to the state of Arunachal and the state government has a 15 percent share,” he said.

Gupta acknowledged the efforts made by the Pema Khandu government and expressed gratitude to the present government for utilising the services of the APRB.

The bank is targeting deposits of not less than Rs 1,500 crores by the end of the year. “Financial inclusion is going on in all directions. APRB is the number one bank in the state among all SHG credit linkages. Last year the performance under SHG credit linkage was number one by APRB on an India basis. The bank is now on a very innovative and digital path. It has launched its own mobile banking facility and 10 new ATMs are going to be installed for better customer service. We are also going to be live on all UPI platforms soon,” said the APRB chairman.

The bank currently has 31 branches, and this year it is going to open two new branches – one in Bage Tinali and one in Palin.

“We plan to open branches in Seppa, Dirang, Bomdila and Tawang,” Gupta added.