According to bank chairman TM Venkataramanan, the bank's net profit has gone up to Rs 3.67 crore compared with Rs 2.8 crore during the same period last year.

He said the aggregate deposits had recorded a 22 per cent increase but the advances declined marginally to Rs 3.24 crore. He said the bank's investments had improved by Rs 92.57 crore to Rs 415.3 crore from Rs 332.73 crore during the same period last year.

He said the bank had revised the interest rates recently. It was offering 10.5 per cent interest for deposits of 180 days to one year. The rate for 30 days to 45 days is 9 per cent, 45 days to 90 days 9.5 per cent and 91 days to 179 days 10 per cent. One-year deposits fetch an interest of 11.5 per cent and those above one year tothree years fetch 11.5 per cent. Those above three years fetch 12.5 per cent.

The bank is also introducing new products like Dhanam Plus and Dhanam Double Plus. In Dhanam Plus, the customer can opt for a slab of 15 days and the interest would be paid every 15 days and withdrawals are permitted subject to a minimum Rs 5,000 and thereafter in any denominations.

In Dhanam Double Plus the customer can remit/withdraw any sum subject to minimum Rs 500 and earn an interest of 9 per cent credited to his account every 30 days.