{"id":34952,"date":"2022-04-09T20:10:41","date_gmt":"2022-04-09T14:40:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/mh-tjsb-sahakari-results\/"},"modified":"2022-04-09T23:57:08","modified_gmt":"2022-04-09T18:27:08","slug":"mh-tjsb-sahakari-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mh-tjsb-sahakari-results\/","title":{"rendered":"TJSB Sahakari Bank posts Rs 155 cr profit for FY22, total biz crosses Rs 20k cr mark"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1161808868\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       Thane, Apr 9 (PTI) Cooperative bank TJSB Sahakari Bank on Saturday said its net profit declined to Rs 155 crore in FY2022 from Rs 163 crore in the previous year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2074294623\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The total business of the bank crossed the figure of Rs 20,000 crore, registering a growth of 13.46 per cent, TJSB Sahakari Bank Chairman Vivekanand Patki told reporters here.<\/p>\n<p>        The total advances grew by 19.39 per cent to Rs 6,723 crores in FY22 compared to Rs 5,631 crores in the previous year. Deposits grew by 10.69 per cent to Rs 13,336 crores in FY22 compared to Rs 12,049 crore in FY21.<\/p>\n<p>        Gross NPA declined to 3.93 per cent in the last fiscal from 4.23 per cent in FY2021.<\/p><div class=\"trade-content_5\" id=\"trade-2130756477\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        Patki said that the cooperative lender could not open any new branch last year due to the restrictions imposed by the RBI. The bank has as many as 136 branches across five states.<\/p>\n<p>        He hoped that the RBI will lift its order on expansion of the bank branches.<\/p>\n<p>        Patki further said that to give better services to its customers the bank is switching over to the latest CBS which will be better than the outdated previous one. The switch over process will happen this year, he said.<\/p>\n<p>        The 50-year old bank wrapped up its golden jubilee celebrations by adding yet another feather to its cap and surpassed its business target of Rs 19,720 crores by achieving a business mix of Rs 20,059 crores as against Rs 17,680 crores of last year, Patki said.<\/p>\n<p>        Commenting on the results,  the MD and CEO of the bank, Sunil Sathe, said, \u201cWe are pleased to continue strong performance with improvement across all parameters.\u201d          \u201cCredit quality has been maintained due to disciplined lending practices. The bank has shown that it is possible to deliver qualitative growth without compromising on long term profitability, continuing to focus on two key principles in its business- building a stable and low-cost liability base, and winning clients by offering unique solutions,\u201d he said.<\/p>\n<p>       He further said that as per the directives of the RBI, a board of management has been formed by the bank. PTI COR NSK  MR   MR<\/p><div class=\"trade-content-10\" id=\"trade-130965966\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3825190484\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Thane, Apr 9 (PTI) Cooperative bank TJSB Sahakari Bank on Saturday said its net profit declined to Rs 155 crore in FY2022 from Rs 163 crore in the previous year. The total business of the bank crossed the figure of Rs 20,000 crore, registering a growth of 13.46 per cent, TJSB Sahakari Bank Chairman Vivekanand [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-34952","post","type-post","status-publish","format-standard","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TJSB Sahakari Bank posts Rs 155 cr profit for FY22, total biz crosses Rs 20k cr mark - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/mh-tjsb-sahakari-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TJSB Sahakari Bank posts Rs 155 cr profit for FY22, total biz crosses Rs 20k cr mark\" \/>\n<meta property=\"og:description\" content=\"Thane, Apr 9 (PTI) Cooperative bank TJSB Sahakari Bank on Saturday said its net profit declined to Rs 155 crore in FY2022 from Rs 163 crore in the previous year. 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