Respected Customers,

The bank achieved tremendous growth in business during the year 2005-2006.The deposits  increased by 23.43%.The advances of the bank registered a growth of 30.45%. and in absolute terms the advances  grew to tune of Rs.3480.53 lacs against the budget growth goal of 2971.04 lacs and the deposits recorded a growth of Rs.3636.87 lacs against a budgeted growth target of 2980.71 lacs.The bank not only achieved but also surpassed the target of 30% additional flow of credit to Agriculture Sector  as allotted by the Govt. of India.

The credit Deposit ratio has surpassed the budgeted target to touch 77.83%.The business per branch has increased from Rs.657.27 lacs to 830.87 lacs during the year and better utilization of human resources enabled the Bank to significantly improve the per employee business from 207.29 lacs to 268.23 lacs.The bank has earned an all time high profit of 835.97 lacs during the year 2005 -2006.All our branches are in net profit.

i avail this opportunity to convey my sincere thanks to the Top Management of our sponsor Bank for their continued support and valuable guidance. I express my gratitude to Reserve Bank of India ,National Bank for Agriculture and Rural Development and District Administrations of Sangrur,Patiala and Fatehgarh Sahib for their valuable guidance and cooperation. I am also grateful to the members of Board of Directors without whose cooperation and guidance this marvelous growth could not have been possible due to which the Bank could reach new heights. Finally ,I would like to place on record my appreciations for all my staff members for their best work, sicncerity and dedication to reach this level of performance and I am sure the Bank will further scale new heights in the years to come.

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