Photo Courtesy: northeasttoday
Agartala: A regional review meeting in Agartala brought together leadership from North-East Regional Rural Banks to evaluate their performance and discuss future growth. Led by the Secretary of the Department of Financial Services, officials examined how these banks have successfully implemented government schemes across seven states.
The financial year 2025-26 proved successful for these institutions. The seven banks reported a consolidated net profit of 560 crore rupees, representing a 34 percent year-on-year increase. Asset quality also reached a decade high, with the Gross Non-Performing Assets ratio dropping to 4.9 percent.
Currently, the banks operate 887 branches spanning 105 districts, with the vast majority serving rural and semi-urban communities. Officials credited this reach and the trust of local residents as primary drivers of their recent success. Looking ahead, the Department of Financial Services has urged the banks to prioritize digital transformation and expand their network of business correspondents.
To support these goals, sponsor banks are expected to provide technical assistance and IT resources. Leadership also proposed opening additional full-fledged branches in underserved areas, including offering loans to individuals interested in constructing new bank facilities.
Comments