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North Malabar Gramin Bank Profile |
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North Malabar Gramin Bank is one of the 84 Regional Rural Banks operating in the country established under Regional Rural Banks Act 1976. The ownership is vested with the Govt of India, Govt of Kerala and Syndicate Bank. In the course of 30 years of existence, NMGB has established itself as a fundamentally strong and financially viable Regional Rural Banks in the country.
The Bank was established on the 12 th of December 1976 with its Headquarters in Kannur (Kerala - India). The Bank currently has 178 branches with 2 Extension Counters viz, 78 branches in Kannur and 1 extension counter, 48 branches in Kasargod district, 9 branches and 1 extension counter in Waynad district, 16 branches in Ernakulam, 11 branches in Kottayam district, 7 branches in Alappuzha district and 9 branches in Kollam district.
Share Capital
The Share Capital of the bank is Rs.100 Lacs contributed by Govt of India. Syndicate Bank and Govt of Kerala in the ratio 50:35:15 respectively..
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NORTH MALABAR GRAMIN BANK: HEAD OFFICE KANNUR
BALANCE SHEET AS AT 31-MARCH- 2010
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CAPITAL LIABILITES
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31.03.10
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31.03.09
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ASSETS
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31.03.10
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31.03.09
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| CAPITAL |
10000 |
10000 |
CASH&BALANCE WITH RBI |
1254387 |
889452 |
| RESERVES AND SURPLUS |
1664012 |
1549959 |
BALANCE WITH BANKS AND MONEY AT CALL AND SHORT NOTICE |
1641770 |
2870352 |
| DEPOSITS |
20787175 |
17349517 |
INVESTMENTS (less provision) |
5959593 |
4329843 |
| BORROWING |
6618635 |
5255491 |
ADVANCES |
20250738 |
16055397 |
| OTHER LIABILITES AND PROVISINS |
844488 |
670719 |
FIXED ASSETS(w.d.v) |
135227 |
138185 |
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OTHER ASSETS |
682595 |
552457 |
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| TOTAL |
29924310 |
24835686 |
TOTAL |
29924310 |
24835686 |
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CONTEINGENT LIABILITES |
12006 |
30181 |
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BILLS FOR COLLECTION AS PER CONTRA |
57914 |
67693 |
NORTH MALABAR GRAMIN BANK:HEAD OFFICE KANNUR
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March 2010
| *Amount RS. in Thousands. |
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31.03.10
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31.03.09
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31.03.10
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31.03.09
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| 2)EXPENDITURE |
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1) INCOME |
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| INTEREST EXPENDED |
1577074 |
1335235 |
INTEREST EARNED |
2272493 |
1781783 |
| OPERATING EXPENSES |
539518 |
460277 |
OTHER INCOME |
129147 |
121803 |
| PROVISIONS AND CONTINGENCIES |
170995 |
66078 |
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| NET PROFIT FOR THE YEAR |
114053 |
41996 |
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| TOTAL |
2401640 |
1903586 |
TOTAL |
2401640 |
1903586 |
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| PROFIT APPROPRIATIONS |
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| TRANSFER TO STATUTORY RESERVES |
34216 |
12599 |
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| TRANSFER TO OTHER RESERVES |
79837 |
29397 |
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| TOTAL |
114053 |
41996 |
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