You have been supporting the Bank in each and every step and you are the reason for growth trajectory. The Bank has shown record growth in the just concluded financial year 2021-2022 besides turbulent times amidst a rapidly changing environment.

The Bank has shown an absolute growth of Rs.2930 crores over last year and reached the BUSINESS LEVEL of Rs.30748 crores from Rs.27818 Crore with a YoY growth of 10.53%. This is well comparable with growth percentage of other Banks.

Bank’s Operating profit for FY 2022 also zoomed to 164.40 % Y-O-Y at Rs.330.19 Cr against Rs. 124.9 Crore in FY 2021 . Gross income of the Bank has increased from Rs.1589.53 Crore to Rs.1991.16 Cror. After making a provision of Rs.298.29 Crore towards provisions the Bank has shown a net profit of Rs.31.90 crore. The Bank's Net worth (capital + reserves) have risen to Rs. 1224.42 Crores from Rs.1138.53 Crores.

Since most of the branches are located in rural areas (427), the bank is striving hard to improve the living standards of the villagers with unique products which suits them the most. Priority Sector Lending has been the constant endeavor of the Bank to facilitate equitable and sustainable economic development by timely and hassle-free availability of credit for productive purposes to Small and Marginal Farmers, Micro and Small Enterprises, Retail Traders, Professional and Self Employed, Women Entrepreneurs and entrepreneurs from economically weaker sections.

The Bank firmly believes that delivery of financial services at an affordable cost to the vast sections of the disadvantaged and low-income groups is a National Priority. The Bank has done exceedingly well in this area. The Bank has Opened 18.46 lakh PMJDY accounts wherein total deposit mobilized is Rs.1092.47 crore. Under Pradhan Mantri Suraksha Bima Yojana (PMSBY) the bank has registered 12.95 Lakh policies and under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 6.06 Lakh policies. The Bank has enrolled 2.64 Lakh Atal Pension Yojana . All these efforts of the bank have been commended and PFRDA has awarded 17 Awards to the Bank. Recently the Bank has been adjudged as the Best Regional Rural Bank (RRB) under the "Regional Rural Banks Category", in recognition of its significant initiatives in the sphere of Digital Financial Services in response to Atmanirbhar Bharat by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) Mumbai.

Recently the Bank has set a new record by enrolling 44036 Accounts under Atal Pension Yojana (APY) in a single day. The Bank is having nine district jurisdiction covering Dharwad,Gadag, Haveri, Belagavi, Vijayapura, Bagalkote, Uttara kannada , Udupi and Dakshina Kannada with a branch network of 629. Even in this limited service area the Bank has registered this achievement and no other Bank has done this achievement so far in Karnataka and no Regional Rural Bank in the country.

The Bank, in line with the Government’s saturation mission has undertaken several awareness programme to reach the eligible population. In the FY 2021-2022 the Bank stood first in Karnataka by achieving 131% against the target and so far the Bank has enrolled (Cumulative) 2,64,817 accounts under APY. This contribution has become unique during the celebration of country’s Azadi ka Amrit Mahotsav. As per PFRDA report Karnataka state stands 7th in APY enrollment ranking with an enrolment of nearly 23 lakh Accounts against the eligible population of 2.53 Cr. Though the Bank’s presence is in only nine district jurisdiction the share of the Bank is more than 10 %.

For all these reasons, this Rural Bank is much appreciated by all. Hence, my earnest request to you all to do all your banking business with our Bank which in turn will help to develop this Region. I am assuring you, the best of our services; I welcome you to our website to know more about us. Your valuable suggestions for improving our services are always welcome.

Shreekant M Bhandiwad