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Home >> About Us >> Our Mission
 
Our Mission
 

The Mission articulated for each of the functional area of the Bank is highlighted below:

Business:To achieve global business of Rs.167 thousand crore by March 2008

Resources: To achieve global deposits of Rs.102 thousand crore by March 2008 with emphasis on low cost resources by planned strategic initiatives including branch expansion, aggressive marketing and active involvement of each and every employee of the Bank.

Advances:To build a qualitative asset base of around Rs.65 thousand crore by March 2008 to augment the income portfolio of the Bank.

Priority Sector Credit : To have accelerated & qualitative growth in priority sector lending to reach a level of Rs.23800 crore, Rs.10800 crore under agriculture, Rs.3514 crore under Small & Micro Enterprises through various customer friendly credit products of the Bank and to take maximum advantage of Financial Inclusion to expand the clientele base of the Bank, leverage training facilities in SIRDs and RUDSETIs and provide financial assistance to all eligible candidates.

Information Technology: To harness the state-of-the-art technology, network all branches, create an Enterprise-wide Data Warehouse for the Bank, so as to make available reliable MIS for Decision Support System and deploy best practices in Information Security to manage the business effectively and profitably

Management of Assets: To make the year 2007-08 truly a "Year of NPA Resolution" by striving for getting "A" rating under asset quality by upgrading NPAs, bringing down Gross NPA & Net NPA level both in absolute & percentage terms below March 2007 figure and accomplishing NPA recovery target as per commitment.

Forex and Treasury: To profitably manage the forex and investment assets of the Bank to achieve an export and import turnover of Rs.15000 crore and Rs.12750 crore respectively. To achieve treasury income of Rs.2345 crore with investments of Rs.35000 crore

Profitability:To make every branch a profit centre and ensure best possible returns to the stakeholders.

Risk Management: To continuously upgrade the Risk Management systems & processes, imbibe risk management in business activities and implement Basel II requirements for the benefit of all stakeholders

Human Resources & Organization structure: To mould and strengthen the organizational structure to meet the future business requirements and challenges. To redefine and redevelop peoples management techniques so as to unleash human potential, drive growth and nurture leadership of high quality corporate governance

Customer Relationship Management: To fine-tune our marketing strategies to meet the ever-growing market demands, to ensure that our products and services adapt to the changing needs and expectations of the customer, to provide the customer the ideal banking ambience, to reorient our publicity so as to provide increased visibility to our brand

Para Banking:To achieve insurance premium collection of nearly Rs.200 crore with a commission income of Rs.21 crore, a credit card base of 1 lakh and a debit card base of 25 lakh.

Inspection:To migrate progressively from the present transaction oriented inspection system to a risk based audit exercise enhancing the effectiveness of risk management, control and governance processes.

 
 
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