Jaipur: State-run SBI's subsidiary State Bank of Bikaner and Jaipur clocked a growth 11.63 percent and reached a level of Rs 1,55,392 crore at the end of financial year March 31.
Total deposits also increased by 14.03 percent, while advances increased 8.91 percent during the last fiscal, Arundhati Bhattacharya, Chairperson State Bank of India said in statement.
She was speaking at the 54th Annual General Meeting State Bank of Bikaner & Jaipur (SBBJ) here.
Jyoti Ghosh Managing Director of SBBJ was also present.
As per the statement, the operating profit of the bank grew by of 24.16 percent, which is highest among public sector banks as well as a dividend of 143 percent was also declared by the bank.
SBBJ has a network of 1,261 branches and 1,843 ATMs out of which, 117 branches and 289 ATMs were opened during the year.
The bank has achieved a target to cover 3,144 villages under financial inclusion initiatives and 24.61 lack accounts were opened under Pradhan Mantri Jan-Dhan Yojana (PMJDY).
